Rates: Home Equity Rates - Coastal1 Credit Union

Equity Line Of Credit

Term	Rate
15 Year Draw Period	4.24% APR† introductory rate for first 16 billing cycles then variable APR equal to Prime Rate, with a minimum APR of 3.25% (6.25% APR as of 9/23/2022)

Spectrum Home Loan

Term	Rate
12 yrs	5.875% APR**
17 yrs	6.000% APR**

Equity Loans

Term	Rate
5 yrs	5.250% APR^{, **}
10 yrs	5.500% APR^{, **}
15 yrs	5.750% APR^{, **}
20 yrs	6.000% APR^{, **}

Rates are subject to change without notice. Interest rate will be determined by individual creditworthiness.

†Advertised Introductory 4.24% Annual Percentage Rate (APR) is the lowest available and is fixed for the first 16 billing cycles. After initial 16 billing cycles, rate becomes variable based on the Wall Street Journal Prime Rate (Prime) + a margin (determined by individual creditworthiness and loan-to-value ratio), with a floor of 3.25% (Prime 3.25% as of 3/10/21). Account subject to individual approval. 1-4 family, owner-occupied, primary residence properties only. Property insurance (and flood insurance if applicable) required. Rate subject to change without notice. APR will not exceed 21% or fall below 3.25%. No annual fee per year. Equal Housing Lender

*Advertised APR available for qualifying properties with a loan-to-value (LTV) of 80% or less. Advertised APR is lowest available. Property insurance (and flood insurance if applicable) required. Rate subject to change without notice. Interest rate will be determined by individual creditworthiness and loan-to-value ratio. Account subject to individual approval. 1-4 family owner-occupied primary residence properties only.

**Advertised APRs available for qualifying properties, first lien position equity, with a loan-to-value (LTV) of 80% or less. A minimum credit score of 675 is required for all borrowers. Advertised APR is lowest available as of 9/23/2022. Property insurance (and flood insurance if applicable) required. Rate subject to change without notice. Account subject to individual approval. 1-4 family owner-occupied primary residence properties only. Spectrum 12 yr repayment example: $9.70 per $1,000 borrowed, based on 5.875% APR, 144 monthly payments. Equal Housing Lender.

***A refinance of an existing Coastal1 Credit Union home equity loan require an additional $30,000 be borrowed at the time of the refinance.

Repayment Examples

For equity loans: At 6.000% APR, 240 monthly payments of $7.17 per $1,000 borrowed.