Coastal Credit Union
Since 1967, Coastal Credit Union has been providing members with home loans and other banking needs. They are here to help you finance your home. By offering a variety of mortgage loans and also friendly member care representatives, they can answer all of your questions.
Buying a home does not have to be stressful. When you have accurate information to help you make an informed decision about which mortgage will meet your financial needs. Coastal Credit Union wants you to feel confident about purchasing a new home.
Coastal Credit Union Mortgage Options
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Fixed Rate Mortgages – These loans are available in 15, 20, and 30 year terms. A fixed rate mortgage means that the interest rate you lock into will stay the same for the life of the loan. For those who need to security of knowing how much their monthly payment will be, a fixed rate mortgage might be the right choice. Coastal Credit Union offers fixed rate mortgages for up to $750,000.
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Adjustable Rate Mortgages – These loans are available in 1 month, 1, 3, 5, and 7 year terms. Adjustable rate mortgages will have varying interest rates which means that your monthly payment will increase or decrease depending on how much the national interest changes. You will have the benefit of initial low interest rates which will then begin to vary. Adjustable rate mortgages do come with a cap that prohibits interest rates to go higher than the national average. Adjustable rate mortgages are available for loan amounts up to $750,000.
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Fannie 97® - This is a mortgage loan that carries lower closing costs and fees associated with taking out a mortgage. For those who can pay regular monthly mortgage payments, but who cannot afford to pay for closing costs, this loan will allow you to purchase a home for 3% down payment.
Other Types of Mortgage Loans Available Through Coastal Credit Union
Coastal Credit Union also offers VA loans for active duty personnel, veterans, and the spouses of military personnel. Construction to Permanent loans are granted to begin construction on a new home is also available. Home Loan Payment Relief is a loan that is geared toward those who have a low income, but would like to purchase a home. Loans are a 3/1 ARM with interest rates that are 1% below average.
This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states. Mortgage Info makes no representation, express or implied, that you will receive a quote from any companies profiled on this site.
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