Coastal Credit Union Expands Mortgage Options with VA Loan Programs

RALEIGH, N.C. (FEBRUARY 2, 2026) – Coastal Credit Union has announced the rollout of new mortgage programs designed to expand access to homeownership for more North Carolinians, especially military veterans. Coastal now offers a suite of Veterans Affairs (VA) mortgage products, including 15‑year and 30‑year purchase loans, refinances, and Interest Rate Reduction Refinance Loans (IRRRL).

Coastal’s new VA loan offerings provide members with several borrower‑friendly advantages intended to make homeownership more accessible for eligible veterans, servicemembers, and surviving spouses. Benefits include:

• Lower closing costs

• More flexible credit requirements

• No private mortgage insurance (PMI)

“Our mission includes empowering members of modest means and strengthening our communities,” said Coastal Credit Union President & CEO Tyler Grodi. “These programs reflect our commitment to making homeownership achievable for more people across North Carolina.”

About Coastal Credit Union

Coastal Credit Union is a not-for-profit, member-owned, financial cooperative, offering a full range of financial products and services. Coastal was chartered on August 31, 1967, with the mission of fostering the credit union philosophy of “people helping people.”  Today, with $6.03 billion in assets, Coastal serves 343,000 members from 1,800 business partners and is among the leading financial institutions in North Carolina. Coastal operates 23 locations in central North Carolina and serves members in all 50 states through a network of 5,600 shared branches, 30,000 surcharge-free ATMs, mobile banking featuring mobile check deposit, and a robust offering of online services at www.COASTAL24.com. For more Coastal news, visit our online newsroom.

Membership Eligibility Required. Federally insured by NCUA. Loan subject to credit approval Equal Housing Lender.