Mortgage Broker in Downey, CA — Home Loans for Purchase and Refinance

If you are buying a home or refinancing in Downey, Lendia can help. Lendia, Inc. is a licensed California mortgage broker, not a bank. Instead of offering a single lender’s products, we compare options from the wholesale lenders we work with for FHA, VA, conventional, jumbo and non-QM loans, then walk you through the choices that fit your situation. Downey is in Los Angeles County, and we arrange loans for properties throughout the county.

Buying or Refinancing in Downey

Downey is a southeast Los Angeles County city with established residential neighborhoods, and an aerospace history that dates to the mid-twentieth century. Housing is largely single-family homes, with many ranch-style properties from the post-war decades, plus duplexes, townhomes, condominiums and apartments. Some lots are large enough that owners consider adding a second unit, and freeway access suits households with ties across the region.

Because many homes are older and some owners stay for long stretches, refinancing and equity access come up. Buyers who want a central location with freeway access to Los Angeles and Orange counties often compare FHA, conventional and higher-balance options. Multigenerational living can mean combining incomes or planning an accessory dwelling unit for relatives, and we help you structure a loan that fits that plan. If you already have a loan, we can review whether refinancing makes sense or whether keeping it is the better path. If you are buying, we can compare FHA, conventional and higher-balance options against the specific home, since a ranch house on a larger lot and a condo are often treated differently.

Common Loan Situations in Downey

• Long-held homes. Owners with older mortgages often explore refinancing to adjust the term or tap equity for upgrades.
• Accessory dwelling units. Homeowners with larger lots can compare renovation and cash-out financing for a second unit.
• Combined family income. Co-borrowers and gift funds require clear documentation, which we help prepare.

Los Angeles County Loan Limits for 2026

The 2026 conforming loan limit for a one-unit home in Los Angeles County is $1,249,125. Los Angeles County is a designated high-cost area, so its limit sits at the national ceiling for 2026. Conventional loans above that amount are jumbo loans, which follow different guidelines. VA loans work differently: with full entitlement there is no VA-set loan limit, and the county limit mainly matters for borrowers with reduced or remaining entitlement. You can look up the limit for a specific ZIP code on our California loan limits page.

Home Loan Programs Available in Downey

• Conventional loans — for buyers and homeowners with solid credit; down payment options start as low as 3% for eligible buyers.
• FHA loans — government-insured loans with down payments as low as 3.5% for qualified borrowers and more flexible credit guidelines.
• VA loans — up to 100% financing for eligible veterans, active-duty service members and some surviving spouses.
• Jumbo loans — for conventional loan amounts above the Los Angeles County limit of $1,249,125.
• Non-QM and bank statement loans — alternative documentation for self-employed borrowers, investors and other non-traditional income.
• Refinancing — rate-and-term and cash-out options for current Downey homeowners.

How Working With Lendia Goes

1. Start with your goals. Tell us whether you are buying, refinancing or taking cash out, and what monthly payment feels comfortable. The affordability guide shows how lenders look at your income and debts.
2. Get preapproved. We review your income, assets and credit, then explain which programs fit. See what to expect in our preapproval guide.
3. Compare options. Because we are a broker, we can compare programs from the lenders we work with rather than quoting one product.
4. Close with clear communication. We keep you updated on appraisal, underwriting and closing steps so there are no surprises.

Common Questions From Downey Borrowers

What is the loan limit in Los Angeles County?

For 2026, the one-unit conforming limit in Los Angeles County is $1,249,125. Conventional loan amounts above it are jumbo loans, while VA loans with full entitlement have no VA-set limit. Limits are higher for two- to four-unit properties.

Can I buy in Downey with less than 20% down?

Yes, depending on the program. Conventional loans can go as low as 3% down for eligible buyers, FHA loans as low as 3.5% down for qualified borrowers, and VA loans offer up to 100% financing for eligible borrowers. Lower down payments usually mean mortgage insurance on conventional and FHA loans. Our down payment guide explains the tradeoffs.

Is Lendia a bank or a broker?

Lendia is a mortgage broker, which means we arrange your loan with a lender rather than lending our own money. Lendia, Inc. is licensed in California only. You can verify our license on the NMLS Consumer Access website using NMLS #295073.

Ready to talk about your Downey purchase or refinance? Request a rate quote or call (949) 333-4636.

Lendia, Inc. | 1907 Millwood St, Santa Ana, CA 92705 | NMLS #295073 | Licensed by the California DRE #01877189