For Purchase or Refinance 1
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.
Flexible Loan Options
Loans designed to fit your needs! We offer a variety of loan types to match your situation. Choose from FHA, VA, Conventional, and Jumbo loans, including First-Time Buyer programs, with custom mortgage terms ranging from 9 to 30 years.1
Low Down Payments
Make homeownership more accessible. Get started with minimal upfront costs through Conventional loans with as little as 3% down* or FHA loans with as little as 3.5% down*. These options help you achieve your homeownership goals sooner and with less financial strain.1
Competitive Rates
Affordable rates you can count on. Our low, competitive rates change daily, giving you the flexibility to save money over the life of your mortgage. Explore current rates online and find options for both fixed and adjustable loans, with personalized guidance to ensure you get the best fit for your needs.1
Frequently Asked Questions
What is a conventional mortgage?
A Conventional Loan is originated and serviced by private mortgage lenders. They are broken down into "conforming" and "non-conforming" loans.What is a conforming mortgage and is there limits to loan amounts?
A conforming loan is a mortgage that conforms to government guidelines. The conventional conforming loan limits for 2026 is $832,750.1What is a jumbo mortgage and is there limits to loan amounts?
Jumbo loan is a mortgage that may have high credit quality, but is in an amount above conventional conforming loan limits. The jumbo loan limits for 2026 are above $832,750.1What is an FHA loan and is there limits to loan amounts?
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, such as allowing higher debt-to-income ratios. The FHA loan limit for 2026 is $1,249,125.1What is a 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 and their spouses. These loans allow $0 money down, so you can finance 100% of the mortgage loan amount with no mortgage insurance applied.1Disclosures
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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.
