Home Equity Line of Credit

Use the equity in your home to get the money you need.

Rates as low as

7.60 %
APR 31
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Achieve your financial goals.

Unlock the potential of your home equity.

  • Flexible Access to Money

    Draw money as needed, offering flexibility for ongoing projects or expenses.
     

  • High Loan-to-Value Ratio:

    Borrow up to 100% of your home's combined loan-to-value, offering you more accessible funds.32

  • Get up to Half-Percent Off Rate Discount

    Enjoy a 0.25% rate discount if you have a Coastal first mortgage. And a 0.25% rate discount if you draw $15,000 from your HELOC at closing.

  • No Servicing Fees

    Benefit from no annual fees, no draw fees, and no prepayment penalties.31

  • Closing Cost Coverage

    Coastal pays all standard closing costs on new home equity lines of credit.

  • Convenient Access

    Manage and access your line of credit 24/7 through Digital Banking, our Mobile Banking App, and special checks.

Home Equity Line of Credit Rates

Home Equity Line of Credit Rates

Enjoy a 0.25% rate discount if you have a Coastal First Mortgage. And a 0.25% rate discount if you draw $15,000 from your HELOC at closing. 

Product Annual Percentage Rate Variable as low as (Primary Residence)
Up to 70% of your home's combined loan-to-value 32 7.60% APR 31
Up to 80% of your home's combined loan-to-value 32 7.65% APR 31
Up to 90% of your home's combined loan-to-value 32 7.74% APR 31
Up to 100% of your home's combined loan-to-value 32 10.55% APR 31

 

How It Works

Line of Credit Limits

Available from $10,000 up to $250,000 for qualified borrowers.

Application Process

Apply online or in a branch to start the process. Once approved, you can draw from the line of credit as needed.

Flexible Use

Use your HELOC for home renovations, funding education, debt consolidation, and more.

Frequently asked questions about a Home Equity Line of Credit.

Yes! You can use a home equity for a variety of purposes, such as debt consolidation or large purchases.
Your loan may be eligible for a 0.25% discount on your rate if you have your first mortgage with Coastal. And, if you take a minimum advance of $15,000 at closing, you may qualify for an additional 0.25% rate discount.
To access your Home Equity Line of Credit, you can make a transfer from your HELOC via Digital Banking to your checking/savings account. You can also visit your local branch to make a withdrawal or transfer, as well as order HELOC checks to use at your convenience.
There are no annual fees, minimum draw fees, or prepayment penalties for your HELOC.
To increase your limit on your Home Equity Line of Credit, you would need to submit a new application and meet current approval requirements to request a higher credit limit.
Yes! You can apply for a Home Equity Loan or Line of Credit if you have an existing mortgage with another lender.
Your Home Equity Line of Credit has a draw period of 10 years to make advances. After that, you will have a 10-year repayment period to pay off the balance owed.