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Last Updated: 04/18/2025

Monterra Credit Union Home Equity Loans

in Home Equity Loans from Monterra Credit Union

Last Updated: 04/18/2025

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Highlights

Credit Score Range

N/A

Amount Range

$25,000 - $400,000

Maximum LTV

N/A

Loan Term (Years)

5 - 15
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Monterra Credit Union Home Equity Loans Review

Monterra Credit Union Home Equity Loans is offered by Monterra Credit Union (NMLS #416747), a credit union founded in 1952 and based in Redwood City, CA. Monterra Credit Union Home Equity Loans are available in 50 states, 5 US territories, and Washington, DC.

Key Takeaways

  • No primary residences considered. Monterra Credit Union Home Equity Loans does not offer financing for primary homes.
  • Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.

Monterra Credit Union Home Equity Loans Pros & Cons

Monterra Credit Union Home Equity Loans FAQ

How much can you borrow with a Monterra Credit Union Home Equity Loans home equity loan?

A home equity loan allows homeowners to borrow money using their home as collateral (similar to a mortgage). Loan amounts vary depending on the value of the home minus the balance of any mortgages or liens on the property.
Monterra Credit Union Home Equity Loans allows borrowers to apply for home equity loans of up to $400,000. The actual maximum loan amount will vary depending on the value of the property, how much you owe on it, and your creditworthiness.
Typically, borrowers with good credit can qualify for up to 85 percent of the value of the property less the balance on their first mortgage.
Generally, the APRs of home equity loans do not include points and financing charges, just the interest rate.

What fees does Monterra Credit Union Home Equity Loans charge for a home equity loan?

Monterra Credit Union Home Equity Loans may charge a loan origination fee

Is san mateo credit union a legit company?

san mateo credit union was founded in 1952, it is a well-established company that has been in business for 74 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

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Contact

Headquarters

P.O Box 910
Redwood City, CA 94064
(888) 363-1725
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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
9:00AM - 2:00PM

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