Kinecta Federal Credit Union has announced that it is now providing its brokers and business partners with HomePath mortgages from Fannie Mae that include additional incentives. HomePath is a Fannie Mae product that offers special financing terms for the purchase of select Fannie Mae-owned properties across the nation. Only a few lenders in the U.S. are approved by Fannie Mae to provide HomePath mortgages.
As attractive as the HomePath Mortgage terms are, Fannie Mae is also offering additional incentives. A 3.5 percent closing cost incentive and $1,200 bonus to the selling agent is currently being offered. These incentives will be valid from June 14, 2011 through Oct. 31, 2011.
"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 with Kinecta Federal Credit Union. "With HomePath, 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."