For Immediate Release
July 12, 2011
Local Contact: Jordan Masi
Arizona State Credit Union
Telephone (602) 467-4133
Arizona State Credit Union Now Offers Fannie Mae Homepath Loans
Credit Union’s participation in Fannie Mae program expected to help reduce inventory of foreclosed homes on market
PHOENIX, Ariz. –Arizona State Credit Union is proud to announce they are among the few credit unions in the nation to now offer Fannie Mae HomePath loans.
This loan option presents numerous benefits and opportunities for homeowners including up to 3.5% closing cost assistance if they purchase one of Fannie Mae’s real estate owned properties between now and October 31, 2011. There will also be a $1,200 selling agent bonus for selling agents who meet all of the eligibility requirements.
“The Credit Union’s core values include helping members reach their financial goals so we open our arms to any opportunity that allows us to assist members with getting into a home when they may not otherwise be able to,” said David E. Doss, President/CEO of Arizona State Credit Union. “The Fannie Mae HomePath Loan is truly a great addition to our home loan options and we are excited to offer it.”
The Credit Union is also adding FHA and USDA loans to its wide array of other home loan products, which include fixed loans, jumbo loans and ARMs. Home loan consultants are available to assist first-time homebuyers or those wanting to purchase or refinance. For more information regarding how a home loan consultant can be of assistance, members and nonmembers can call 800.671.1098.
About Arizona State Credit Union
Arizona State Credit Union is a $1.3 billion full-service, not-for-profit financial cooperative with a statewide branch network serving the people of Arizona. More than 128,000 Arizonans turn to Arizona State Credit Union for outstanding service and value. Arizona State Credit Union has grown dramatically since its founding in 1951, providing a full line of financial products and services at 21 branches across the state. Nearly 60 years of excellence and outstanding customer service have helped the Credit Union become a five-time winner of Arizona Business Magazine’s Ranking Arizona and a four-time recipient of the Peter Barron Stark & Associates Award for Workplace Excellence™. Arizona State Credit Union is headquartered in Phoenix and welcomes membership from businesses and individuals throughout the state. Reach us at 800.671.1098 or visit us at www.azstcu.org.