Coast Capital is a member-owned lender which has professional mortgage advisors to help guide you throughout the process. These advisors provide personalized and actionable advice that suits your current financial situation.
Summary: Coast Capital takes a holistic approach to your financial background and history to provide the best possible mortgage solution.
Mortgage Fees & Rates
Safe & Secure
|HQ||Surrey, British Columbia|
|Min. Loan Amount||$150,000|
|Max. Loan Amount||$2,500,000|
|Min. Credit Score||620+ with no derogatory history|
|Min. Down Payment||5%|
|Min. Yearly Income||$150,000|
|Fixed-Rate Terms||1, 2, 3, 4, 5, 7, 10 years|
|Adjustable-Rate Terms||1, 5 years|
|Loan Types||Purchase, Switch, Refinance, HELOC|
|Province Restrictions||Available in all provinces|
Coast Capital has been around for over 80 years and has processed thousands of mortgages. The lender’s principle is to put borrowers first by offering a dedicated mortgage officer that genuinely understands your situation.
You can apply for a mortgage through the website, mobile app, or in-person at your nearest branch. Coast Capital’s mortgage application is straightforward. The process involves:
Coast Capital offers a variety of mortgage products that suit every borrower’s needs. The lender provides the following mortgage products:
|Conventional loan||Coast Capital requires a minimum credit score of 620+ and a down payment of 20% percent.|
|High ratio loan||Great for future homeowners looking to purchase a home for less than 500k as you only need a 5% down payment.|
|Rate and term refinance||Refinance your mortgage and enjoy the best rates. The lender offers up to a $1,500 bonus to borrowers who switch to a Coast Capital mortgage.|
|Home equity lines of credit||If you have built home equity, Coast Capital offers you a chance to borrow against it and use it for any costs you need to cover.|
Borrowers do not incur an origination fee on their applications. The lender also provides a free mortgage calculator to give borrowers an estimate of their closing costs. These costs may vary depending on the mortgage type. However, some of the factors affecting your rates include:
To receive a quote, please visit their website.
Coast Capital has been in the industry for over 80 years and has over 52 branches with 543 members, making it a trustworthy lender. The lender has received several awards, including Top Corporate and Best Managed Company, based on its safe and secure services. Coast Capital also aims to provide top security for your online banking by actively monitoring and securing your account’s activities by using industry-standard firewalls. In addition, the lender uses 256-bit encryption technology to protect your data from landing in the wrong hands. It has also received a CSO50 Award for demonstrating outstanding security initiatives.
You can contact the support staff through the website, mobile app, or in-person visit at several branches. You can also speak directly to the support staff or send an email using the contact details provided.
Use the following numbers to contact the support staff:
The working hours are as follows:
You can also use the FAQ section for fast answers.
Borrowers who want to pay off their mortgage faster enjoy flexible payment terms. If you are looking to purchase, refinance, or get a home equity line of credit loan, the lender will take a holistic approach to your financial background and ensure you enjoy the best possible rates.