Home Equity Loans

Achieve your financial goals.

Home Equity Loans

Get the money you need with a rate as low as
9.45 %
APR 29
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Empower Your Goals with a Home Equity Loan

  • Fixed Interest Rate and Monthly Payments

    Enjoy the predictability of the same payment each month.

  • High Loan-to-Value Ratio

    Borrow up to 100% of your home's combined loan-to-value, giving you access to more funds.28

  • Flexible Terms

    Choose terms from 5 to 20 years, with the option for lower rates on shorter terms.27

  • Rate Discount Opportunity

    Enjoy a 0.25% rate discount if you have a Coastal first mortgage.29

  • No Prepayment Penalties

    Pay off your loan ahead of time without any penalty, offering you financial flexibility.

  • Closing Cost Coverage

    Coastal pays all standard closing costs on new home equity loans.30

Home Equity Loan Rates

Home Equity Loan Rates

Enjoy a 0.25% rate discount if you have a Coastal First Mortgage.

Product Annual Percentage Rate Fixed as low as Term
Up to 100% of your home's combined loan-to-value27

9.45%29

 60 Months

9.75%29

 61-120 Months

10.15%29

 121-180 Months

10.15%29

 181-240 Months
Up to 90% of your home's combined loan-to-value27

8.39%29

 60 Months

8.49%29

 61-120 Months

8.64%29

 121-180 Months

8.99%29

 181-240 Months
Up to 80% of your home's combined loan-to-value27

7.84%29

 60 Months

7.84%29

 61-120 Months

8.04%29

 121-180 Months

8.14%29

 181-240 Months

How It Works

Loan Amounts

Available from $5,000 up to $250,000 for qualified borrowers.

Application Process

Apply online or in a branch to start the process. Once approved, you’ll receive your funds in a lump sum.

Fixed Monthly Payments

Enjoy the simplicity of a fixed monthly payment, making budgeting easier for your family.

Use for Various Purposes

Utilize your loan for renovations, education expenses, or debt consolidation.

Frequently asked questions about Home Equity Loans.

To estimate how much equity you have in your home, first determine your home's approximate value using an estimated value tool such as Zillow, Redfin, or your home's tax assessment value. Then, use the estimated Home Value minus the balance of your First Mortgage and any other liens against your property to determine the estimated available equity in your home.
You may be able to borrow up to 100% of your home's combined loan-to-value, subject to loan approval and underwriting criteria.
An appraisal may be required depending on your property type, property condition, loan amount, or if we are not able to obtain an automated value for your property.
Application process may vary depending on the needs to verify and complete your application. Currently, the process may take 14 to 30 days.
Yes! You can use a home equity for a variety of purposes, such as debt consolidation or large purchases.
Yes! Your loan may be eligible for 0.25% discount on your rate if you have your first mortgage with Coastal.
Yes! You can pay off your Home Equity Loan early with no prepayment penalty.
The interest on your Home Equity Loan may be tax deductible. Please consult with your tax advisor for more information.
Standard closing costs are paid by Coastal, . However, additional closing costs may be required to be paid by you based on your property, location, and loan amount. For more information on what closing costs may apply to you, contact us at 800-868-4262.
Yes! You can apply for a Home Equity Loan or Line of Credit if you have an existing mortgage with another lender.