High Loan-to-Value Ratio
Borrow up to 100% of your home’s combined loan-to-value, giving you access to more funds.27
Pay for major expenses with a home equity loan or line of credit.
Put the equity in your home to work for you in North Carolina.
High Loan-to-Value Ratio
Borrow up to 100% of your home’s combined loan-to-value, giving you access to more funds.27
Closing Cost Coverage
Coastal pays all standard closing costs on new home equity loans and home equity lines of credit.
Tax-Deductible Interest
Interest on your home equity may be tax-deductible (please consult your tax advisor).
Versatile Use
Ideal for home improvements, college expenses, or consolidating high-interest debt.
No Servicing Fees
Benefit from no annual fees or prepayment penalties.28
Home Equity Loan Benefits
One-time Lump Sum
Paid over a set period of time.
Fixed Interest Rate and Monthly Payments
Enjoy the predictability of the same payment each month.
Flexible Terms:
Choose repayment terms from 5 to 20 years to match your financial plan27
Home Equity Line of Credit (HELOC) Loan Benefits
Flexible Access to Funds
Draw money as needed, offering flexibility for ongoing projects or expenses.
Variable Interest Rate
Your rate is subject to change monthly.
Interest-Only Option
Manage your cash flow effectively with an interest-only payment option.
Revolving Credit
As you repay the borrowed amount, your available credit replenishes.
No Draw Fees
Benefit from no draw fees, no annual fees, or prepayment penalties.
Determine whether a fixed loan or a flexible line of credit aligns with your financial goals.
Start your application process online or at your local branch. Our team will guide you through each step.
If approved, access the funds from your Home Equity Loan or draw from your HELOC as needed.