Our Loan Programs

Scroll down and learn more about the various loan programs we offer. If the world of finance is Greek to you, click the button below to contact us today and talk to one of our mortgage specialists. We are always happy to help, so reach out anytime.

Purchasing or Refinance?

Purchasing

Click below to learn all about our purchasing programs.

VISIT CFC PURCHASE

Refinance

Mortgage Broker Coastal Funding Corporation in Pensacola, Florida and Charleston, South Carolina

Click below to learn all about our refinance programs.

VISIT CFC REFINANCE

Eligible Property Types

Single Family (1-4 Units)

Townhomes

Condo (Warrantable/Non-Warrantable)

Condotel

Modular

Manufactured

The Coastal Funding Difference

These are just a few of the ways how we live our slogan of "More Lenders - More Options"

12 Month Bank Statement Program for Self-Employed
(Business or Personal)

Non-Occupying Co-Borrowers allowed

Primary, Second Home and Investment Property

90% Loan-to-value on Condo Loans

Simple Application Process

E-Disclosures

Communication and Support from Application to Close

Fast Closings

No Points or Origination Fees

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All Conventional Fannie Mae - Freddie Mac

15, 20, & 30 Year Fixed

The advantage of a fixed year mortgage is your payment will never increase through the life of the loan.

3/1-5/1-7/1 ARMS

15, 20, & 30 Year Fixed

ARMS initially have lower interest rates than traditional fixed rate mortgages, however the interest rate can fluctuate after the initial term period.

HomePossible

15, 20, & 30 Year Fixed

HomePossible

An alternative to a FHA loan, this Freddie Mac program is often a good fit for younger borrowers and low to moderate income first time home buyers.

HomeReady

HomeStyle Renovation

HomePossible

A program that is more flexible when it comes to contributions from other people, HomeReady loans lower the typical down payment and mortgage insurance requirements.

HomeStyle Renovation

A government-backed loan which lets qualified borrowers add extra remodeling money to an initial home purchase mortgage or a mortgage refinancing.

HomeOne

HomeStyle Renovation

Offering a low 3% down payment, this mortgage option is one which is advantageous to many first time home buyers and no cash-out refinance borrowers.

Credit Scores from 620 FICO

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FHA Loans

All Available FHA Programs

A FHA loan is great for first time home buyers a government guaranteed by the Federal Housing Administration.

3.5% Down Payment

All Available FHA Programs

The low down payment offered by FHA loans makes getting pre-approved easier for many low to moderate income families.

Non-Occupying Co-Borrower

All Available FHA Programs

Non-Occupying Co-Borrower

The FHA loan programs allow someone who wouldn't be living at your residence to cosign on your mortgage.

Streamline Refinances

Non-Occupying Co-Borrower

A program set up by the FHA to make the refinancing process much more quick by reusing the original loan's paperwork.

Cash Out Refinancing

Streamline Refinances

Cash Out Refinancing

A loan taken out on already owned property which is above and beyond the cost of transaction, payoff of existing liens and other related expenses.

203k

Streamline Refinances

Cash Out Refinancing

A loan designed to pay not just the purchase price of a home, but the repair costs as well. This leaves buyers with homes in much better condition than how they found them.

Credit Scores From 580

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VA Loan

All Available VA Programs

Established in 1944, VA loans are issued by private lenders and guaranteed by the U.S. Department of Veterans Affairs.

Up To 100% Financing

All Available VA Programs

With VA loans, borrowers qualify for up to 100% financing, meaning no money down upon purchase.

IRRRL Refinance

All Available VA Programs

No Mortgage Insurance

The Interest Rate Reduction Refinance Loan (IRRRL) allows one to refinance their current mortgage to a lower rate and monthly payment.

No Mortgage Insurance

Credit Scores From 580

No Mortgage Insurance

Borrowers are not required to purchase mortgage insurance with a VA loan.

Credit Scores From 580

learn more

U.S.D.A. Loan

All Available U.S.D.A. Programs

USDA loans are special mortgages meant for low to moderate income home buyers. Guaranteed by the US Department of Agriculture as a form of insurance so they're able to offer below market interest rates and zero down home loans.

Up To 100% Financing

All Available U.S.D.A. Programs

Up to 100% financing with reduced mortgage insurance payments helps borrowers buy homes they never thought possible.

Credit Scores From 620

All Available U.S.D.A. Programs

Credit Scores From 620

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Non-Qualifying Mortgage Loans

Self-Employed Borrower Alternative Income Documentation

12 & 24 month Bank Statement Loans
1099 Only
CPA Letter Only
Rental Income Only
1 Month Bank Statement Program
Stated Income: Primary or Investment

W2 Employee

Bank Statement Program
Assets as Income Program
Verification of Employment Form Only

Bankruptcy, Foreclosure or Shortsale less than 2 years

Jumbo Loans starting at a 580 FICO

A loan is considered Jumbo if the amount of the mortgage exceeds loan-servicing limits set by Fannie Mae and Freddie Mac — currently $510,400 for a single-family home in all states.

Our Jumbo programs start at a 580 FICO. We offer a variety of Jumbo Alternatives as well.

LEARN MORE

Now Offering Business Loans

Business Loan

Start-up
Existing
SBA
Payroll
Working Capital
New Equipment

Business Loan

Learn more

WHAT WILL YOU NEED? VISIT OUR REQUIRED ITEMS CHECKLIST!

Learn More Here

Contact Us

Coastal Funding Corporation

534 South Navy Boulevard, Pensacola, Florida 32507, United States

850-725-6500

Equal Housing Lender. © 2004-2025 Coastal Funding Corporation Inc. NMLS: 103035 Trade/service marks are the property of Coastal Funding Corporation Inc. or their respective affiliates and/or subsidiaries. Some products may not be available in all areas. This is not a commitment to lend. Restrictions apply. All rights reserved. Terms and Condition Apply. Licensed in AL, FL, SC, TN.

COASTAL FUNDING CORPORATION

COASTAL FUNDING CORPORATION

Our Loan Programs

Purchasing or Refinance?

Purchasing

Refinance

Eligible Property Types

Single Family (1-4 Units)

Townhomes

Condo (Warrantable/Non-Warrantable)

Condotel

Modular

Manufactured

The Coastal Funding Difference

These are just a few of the ways how we live our slogan of "More Lenders - More Options"

All Conventional Fannie Mae - Freddie Mac

15, 20, & 30 Year Fixed

15, 20, & 30 Year Fixed

15, 20, & 30 Year Fixed

3/1-5/1-7/1 ARMS

15, 20, & 30 Year Fixed

15, 20, & 30 Year Fixed

HomePossible

15, 20, & 30 Year Fixed

HomePossible

HomeReady

HomeStyle Renovation

HomePossible

HomeStyle Renovation

HomeStyle Renovation

HomeStyle Renovation

HomeOne

HomeStyle Renovation

HomeStyle Renovation

Credit Scores from 620 FICO

Credit Scores from 620 FICO

Credit Scores from 620 FICO

FHA Loans

All Available FHA Programs

All Available FHA Programs

All Available FHA Programs

3.5% Down Payment

All Available FHA Programs

All Available FHA Programs

Non-Occupying Co-Borrower

All Available FHA Programs

Non-Occupying Co-Borrower

Streamline Refinances

Streamline Refinances

Non-Occupying Co-Borrower

Cash Out Refinancing

Streamline Refinances

Cash Out Refinancing

203k

Streamline Refinances

Cash Out Refinancing

Credit Scores From 580

Credit Scores From 580

Credit Scores From 580

VA Loan

All Available VA Programs

All Available VA Programs

All Available VA Programs

Up To 100% Financing

All Available VA Programs

All Available VA Programs

IRRRL Refinance

All Available VA Programs

No Mortgage Insurance

No Mortgage Insurance

Credit Scores From 580

No Mortgage Insurance

Credit Scores From 580

Credit Scores From 580

Credit Scores From 580

U.S.D.A. Loan

All Available U.S.D.A. Programs

All Available U.S.D.A. Programs

All Available U.S.D.A. Programs

Up To 100% Financing