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Home Equity Lines of Credit
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Last Updated: 04/18/2025

Matadors Community Credit Union Home Equity Line of Credit

in Home Equity Lines of Credit from Matadors Community Credit Union

Last Updated: 04/18/2025

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Highlights

Credit Score Range

Starting at 720

Amount Range

Starting at $30,000

Maximum LTV

N/A

Minimum Draw

$30,000

Loan Term (Years)

Up to 25
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Matadors Community Credit Union Home Equity Line of Credit Review

Matadors Community Credit Union Home Equity Line of Credit is offered by Matadors Community Credit Union , a credit union founded in 1963 and based in Los Angeles, CA. Matadors Community Credit Union Home Equity Line of Credit are available in 50 states and Washington, DC.

Key Takeaways

  • Good credit required. You will need a credit score of at least 720 to qualify.
  • Primary and secondary homes considered. Investment homes, such as rental properties, do not qualify for financing. However, Matadors Community Credit Union Home Equity Line of Credit does offer financing for primary and secondary homes (e.g. vacation properties).
  • Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.

Matadors Community Credit Union Home Equity Line of Credit Pros & Cons

Matadors Community Credit Union Home Equity Line of Credit FAQ

What are the terms for Matadors Community Credit Union Home Equity Line of Credit?

HELOCs include a draw period followed by a repayment period. During the draw period, borrowers can access funds as needed up to the credit limit.
Matadors Community Credit Union Home Equity Line of Credit offers home equity loans with a maximum term of 25 years and a draw period of up to 10 years.

Is there a minimum draw requirement?

Yes. The minimum draw requirement is $30,000.00.

What fees does Matadors Community Credit Union Home Equity Line of Credit charge for a HELOC?

Matadors Community Credit Union Home Equity Line of Credit may charge an origination fee.

What types of property can you use as security for a HELOC with Matadors Community Credit Union Home Equity Line of Credit?

Matadors Community Credit Union may consider HELOCs secured by the following property types:
  • Primary residences
  • Secondary or vacation homes

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Contact

Headquarters

20045 Prairie St
Los Angeles, CA 91311
(818) 993-6328
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Email Support

Hours of Operation

Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed

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