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Last Updated: 04/18/2025

Matadors Community Credit Union Home Equity Line of Credit

from Matadors Community Credit Union

Last Updated: 04/18/2025

Matadors Community Credit Union logo
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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.
  • Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for Matadors Community Credit Union Home Equity Line of Credit.

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

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

20045 Prairie St
Los Angeles, CA 91311
(818) 993-6328
Visit Site

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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SuperMoney Net Recommendation Score

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The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

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