Dear Members,
We have received reports from other financial institutions that there has been an increase in fraudulent activity. Fraudsters are claiming to be from financial institutions with the goal of getting your account and other identification information. If you receive an unsolicited call, email, or text from anyone claiming to be with Downey Federal Credit Union, feel free to call us at (562) 862-8141 to verify before providing any information.

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Whether you're a first-time homebuyer or you've done this before, we've got options tailored to fit your unique needs! Let Downey Federal Credit Union help you get into your first home, your dream home or help you save by refinancing your current loan from another lender.

  • For Purchase or Refinance
  • Offering FHA, VA, Conventional loans + more
  • Custom mortgages starting from 9 to 30 years
  • Conventional loans available with as little as 3% down*
  • FHA loans available with as little as 3.5% down*
  • Low, competitive rates change daily. View current rates here.
  • Jumbo Loan and First-Time Buyer Programs available

To learn more or to apply, call 562.862.8141 ext. 708 for english ext. 712 para español.

Interested in a Home Loan?

Simply provide your name and phone number and we’ll give you a call.

Call Request Form - Mobile

Or call us at 562.862.8141

Let's Talk Home Buying

Conventional Loan

A Conventional Loan is originated + serviced by private mortgage lenders. They are broken down into "conforming" and "non-conforming" loans.

Conforming Loan

A conforming loan is a mortgage that conforms to government guidelines. (Usually loan amounts lower than $726,200)

Jumbo Loan

Jumbo loan is a mortgage that may have high credit quality, but is in an amount above conventional conforming loan limits. (Usually loan amounts higher than $726,200)

FHA Loan

FHA stands for Federal Housing Administration. They are a type of government-backed mortgage that can allow you to purchase a home with more lenient financial requirements.

VA Loan

VA stands for Veterans Affairs. They are a type of government-backed mortgage offered through a U.S Department of Veterans Affairs program. They are available to active and veteran service personnel + their spouses.

*Subject to change without notice. Speak to a DFCU home loan representative for complete details.

  • Conforming loan amounts conform to GSE (Fannie Mae and Freddie Mac) guidelines
  • Jumbo loan amounts are anything above conventional conforming loan limits
  • Payments can be made in branch, by phone, by mail, via online banking or direct deposit
  • Rate based on FICO/credit score
  • 15-day grace period on payments
  • Late payment charge: 5% of payment amount
  • No application fee
  • No pre-payment penalty