The 227,000-member Kinecta Federal Credit Union has joined thesmall number of financial institutions approved by Fannie Mae forits HomePath Mortgage program, an effort the organization haslaunched to help it move some of the thousands of properties itcurrently holds.
|The HomePath Mortgage program allows purchasers of FannieMae-owned properties in the HomePath program to have lower downpayment options and not face lender-required appraisals or mortgageinsurance requirements, the CU said.
|“Kinecta is constantly looking for ways to offer more affordablefinancing options to potential homeowners," said Brian Robinett,senior vice president and chief credit officer at the $3.5 billioncredit union in Manhattan Beach, Calif.
|"With the HomePath Mortgage, borrowers receive special financingterms on single-family homes, condominiums and townhouses in avariety of neighborhoods. It's a great option for virtually anyonelooking for a home, from first-time homebuyers to experiencedinvestors," Robinett said.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
