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Kinecta Federal Credit Union today announced that it now provides HomePath® Mortgages for buyers purchasing a Fannie Mae-owned home.
The HomePath Mortgage offers special financing terms for the purchase of HomePath properties (Fannie Mae-owned homes) across the nation. Only a few lenders in the U.S. are approved by Fannie Mae to provide these HomePath products. Kinecta is the only approved credit union in California and one of only two in the nation.
“Kinecta is constantly looking for ways to offer more affordable financing options to potential homeowners,” said Brian Robinett, Senior Vice President and Chief Credit Officer at Kinecta. “With the HomePath Mortgage, borrowers receive special financing terms on single-family homes, condominiums and town houses in a variety of neighborhoods. It’s a great option for virtually anyone looking for a home, from first-time homebuyers to experienced investors.”
Borrowers will benefit from very low down payment options and no appraisal or mortgage insurance requirements*. To find HomePath properties, simply go to www.HomePath.com to search the nationwide listings of available homes.
*Ask your loan officer for cost details on loans without mortgage insurance.
Kinecta Federal Credit Union is one of the nation’s largest credit unions, with approximately $3.5 billion in assets as of March 31, 2011; 24 member service centers, 49 Nix customer service centers, and 9 Kinecta at Nix locations throughout Southern California; and more than 227,000 members nationwide. Headquartered in Manhattan Beach, Calif., Kinecta offers its members a full range of financial products through the Credit Union and its subsidiaries, Kinecta Financial & Insurance Services, Apollo Insurance Services Inc., and Kinecta Alternative Financial Solutions, dba Nix Check Cashing. Kinecta Federal Credit Union is a not-for-profit, financial cooperative that is owned by its members, and exists to provide a safe and convenient place for member/owners to conduct their financial business. For more information about Kinecta, visit www.kinecta.org. For more information about Nix Check Cashing, visit www.nixcheckcashing.com.
HomePath is a registered trademark of Fannie Mae.