Equity Line Of Credit
| Term | Rate |
|---|---|
| 15 Year Draw Period | 6.75% Prime minus 0.75%† (7.50% APR as of 1/26/2023) |
Spectrum Home Loan
| Term | Rate |
|---|---|
| 12 yrs | 5.750% APR** |
| 17 yrs | 5.875% APR** |
Equity Loans
| Term | Rate |
|---|---|
| 5 yrs | 6.000% APR*, *** |
| 10 yrs | 6.250% APR*, *** |
| 15 yrs | 6.500% APR*, *** |
| 20 yrs | 6.750% APR*, *** |
Rates are subject to change without notice. Interest rate will be determined by individual creditworthiness.
†Rate 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 4.00%. APR available for qualifying properties with a loan-to-value (LTV) of 80% or less. Credit Scores of 700+ will receive a margin of -.75%. Credit Scores of 675-699 will receive a margin of .25%. Account subject to individual approval. 1-4 family, owner-occupied, primary residence properties only. Property insurance (and flood insurance if applicable) required. Coastal1 HELOC refis must increase existing line by $30k to qualify. No Annual Fee! Rate subject to change without notice. APR will not exceed 21% or fall below 6.75%. No annual fees. Rate as of 1/26/2023 and subject to change. 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 1/26/2023. 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: $9.63 per $1,000 borrowed, based on 5.750% 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 6.750% APR, 240 monthly payments of $7.61 per $1,000 borrowed.