Get a Money-Saving Downey Savings Combination
Construction-to-Permanent Loan.
When you want to build a home, this single loan takes the place
of two.
- There's only one application, underwriting fee, title
policy, credit report and Deed of Trust.
- And, since Downey does the disbursements, there are no
third-party costs for construction draws.
- Your construction loan includes a very competitive fixed
rate.
- During construction, you pay interest-only monthly on
amounts disbursed.
Single Family Adjustable Rate Loan
Your construction-to-permanent loan includes permanent, long-term
financing. The type of permanent financing is dependent on
the loan amount and other factors. Once the disbursement of
the final draw is complete, your principal and interest payments
will begin according to the terms of the Note. It's automatic,
with no additional paper work required.*
How to Get Started
Simply go to any one of Downey Savings' more than 190 offices
to complete an application. To find the location nearest you,
use our convenient ATM & Branch
Locator. Or call
1-800-3DOWNEY (1-800-336-9639)
to speak to one of our friendly loan officers today!
* Certain restrictions apply. For details, be sure to consult
your loan officer. All rates, pricing, underwriting requirements and other requirements subject to change at any time without notice. |