Buying in Downey or a nearby community, reviewing your current mortgage, or planning an ADU? Start with what you want to accomplish. We can compare purchase, refinance, home equity and ADU financing options, explain the tradeoffs in English or Spanish, and help you understand what may fit your situation. Availability depends on eligibility, property details and program guidelines.
Explore ADU Financing
A fixed-rate mortgage keeps the interest rate and scheduled principal-and-interest payment the same over the loan term. Property taxes, insurance and other costs can still change.
An adjustable-rate mortgage usually starts with a fixed rate for a set period. After that, the rate and payment may change under the loan’s adjustment rules.
During an interest-only period, scheduled payments do not reduce the loan principal. Payments may rise afterward. We can review the long-term costs and risks together.
Graduated-payment mortgages begin with lower scheduled payments that increase over time. Some can add unpaid interest to the balance. Availability and suitability depend on the program.
A conventional loan is a type of loan that is not insured by the government. Conventional loans offer more flexibility and fewer restrictions for borrowers, especially those borrowers with good credit and steady income.
FHA loans are insured by the Federal Housing Administration and have more flexible credit guidelines than many conventional loans.
VA loans are guaranteed by the Department of Veterans Affairs for eligible veterans and service members.
Jumbo loans may help when the amount you need exceeds the conforming loan limit for your county and property type. We can review your purchase plans and compare available options.