Kinecta Offers Servicers Enhanced Mortgages

""Kinecta Federal Credit Union"":https://www.kinecta.org/about_kinecta.aspx released a statement Tuesday announcing that it will repackage ""HomePath"":http://www.homepath.com/financing/index.html mortgages from ""Fannie Mae"":http://www.fanniemae.com/kb/index?page=home with new incentives and financing terms, with additional incentives offered by the GSE that include revised closing costs and a selling bonus for agents.

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"" ""Kinecta"":https://www.kinecta.org/about_kinecta.aspx is constantly looking for ways to offer more affordable financing options to potential homeowners,"" said Brian Robinett, SVP and chief credit officer for ""Kinecta"":https://www.kinecta.org/about_kinecta.aspx. ""With ""HomePath"":http://www.homepath.com/financing/index.html, our business partners can offer borrowers 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,"" he added.

According to ""Fannie Mae's"":http://www.fanniemae.com/kb/index?page=home Web site, the ""HomePath"":http://www.homepath.com/financing/index.html mortgage is a financial product that allows the borrower to buy a ""Fannie"":http://www.fanniemae.com/kb/index?page=home-owned property without mortgage insurance, with a minimal down payment, flexible mortgage terms, and lender-free appraisal.

""Fannie Mae"":http://www.fanniemae.com/kb/index?page=home also plans to offer a 3.5 percent closing cost and $1,200 bonus to selling agents from June 14 to October 31 the same year.

""Kinecta"":https://www.kinecta.org/about_kinecta.aspx is a national credit union with over $3.5 billion in assets and some 220,000 member-owners countrywide, according to its Web site.