Coast Capital Mortgage Review 2024: Customizable Mortgage Solutions

Wendy Wilson

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.

Overall rating


Summary: Coast Capital takes a holistic approach to your financial background and history to provide the best possible mortgage solution.

Coast Capital Mortgage

figure logo


Min. Credit Score


Min. Down Payment



Mortgage Application


Mortgage Products


Mortgage Fees & Rates


Customer Service


Safe & Secure


  • Easy mortgage application process
  • Professional mortgage specialists
  • User-friendly mobile banking app


  • Only for primary residence

Best For

  • No hidden fees
  • Personlized mortgage loan


HQSurrey, British Columbia
Min. Loan Amount$150,000
Max. Loan Amount$2,500,000
Cash-Out LimitVaries
Min. Credit Score620+ with no derogatory history
Min. Down Payment5%
Min. Yearly Income$150,000
Fixed-Rate Terms1, 2, 3, 4, 5, 7, 10 years
Adjustable-Rate Terms1, 5 years
Loan TypesPurchase, Switch, Refinance, HELOC
Province RestrictionsAvailable in all provinces

In depth review on Coast Capital Mortgage

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.

Coast Capital Mortgage is best for

  • Transparency: There are no hidden fees. The loan officers take their time to discuss the mortgage terms with you, so you have a complete understanding of the situation.
  • Flexibility: Coast Capital takes a holistic approach to your financial situation. They may allow a lower credit score, but usually with a higher down payment.

Coast Capital Mortgage benefits

  • Easy mortgage application process: Applying for a mortgage is simple and straightforward. You will need a maximum of 10 minutes to complete the form, and the lender will get in touch within 2 working days. 
  • Professional mortgage specialists: A dedicated mortgage specialist will answer any questions you may have (from start to finish). 
  • Mobile banking app: The mobile app houses all your mortgage and banking needs. You can apply for your mortgage through the app, chat with support staff or even track your mortgage status. 

Coast Capital mortgage drawbacks

  • Only for primary residence: If you’re looking for an investment property to finance, vacation home, or a second property, you’ll have to look for a different lender.

Factors contributing to the overall rating 

Mortgage application


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:

  1. Completing the application form: The form takes a maximum of 10 minutes to complete. You can get pre-approved immediately or within 2 days at most. 
  2. Proving income: You need to submit evidence of your source of income, usually in the form of a Notice of Assessment and pay stubs. Also, If you are employed or self-employed, you must state whether you are full time or part-time. 
  3. Proving source of down payment: The lender usually requires a 20% downpayment. 
  4. Minimum credit score of 620: If you have good credit, you may qualify for a bigger loan and lower rates. Also, you cannot have a bad credit history. 

Mortgage products


Coast Capital offers a variety of mortgage products that suit every borrower’s needs. The lender provides the following mortgage products: 


Conventional loanCoast Capital requires a minimum credit score of 620+ and a down payment of 20% percent. 
High ratio loanGreat for future homeowners looking to purchase a home for less than 500k as you only need a 5% down payment.


Rate and term refinanceRefinance 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 creditIf 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.

Fees and rates


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:

  • Credit score
  • Mortgage type
  • Legal fees
  • Debt to income ratio
  • Financial history

To receive a quote, please visit their website.

Safe and secure


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. 

Customer service


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: 

  • Toll-free: 1.888.517.7000
  • Metro Vancouver: 604.517.7000
  • Greater Victoria: 250.483.7000

The working hours are as follows: 

  • Mon-Sat: 8 am to 8 pm PST
  • Sun: 9 am to 5: 30  pm 

You can also use the FAQ section for fast answers. 

Is Coast Capital Mortgage right for you?

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.