Home Equity

Turn the value of your home into a powerful financial tool.

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.

How It Works

Evaluate Your Needs

Determine whether a fixed loan or a flexible line of credit aligns with your financial goals.

Apply Online or in a Branch

Start your application process online or at your local branch. Our team will guide you through each step.

Receive Funds

If approved, access the funds from your Home Equity Loan or draw from your HELOC as needed.

Explore More Home Equity Options

Want to learn more about Coastal Credit Union’s loan options? Give us a call or visit us in person at one of our North Carolina branches.

Frequently asked questions about Home Equity.