Kinecta Federal Credit Union
Kinecta is a financial cooperative owned by its members, not outside investors. Members come first-we work for them. We are a not-for-profit that currently serves thousands of members and are an active participant in the betterment of our communities. As one of the nation’s leading credit unions, we are federally insured and have a portfolio of home mortgage solutions that will meet your needs.
Duc is a fantastic resource for his organization, even when the deal was coast to coast and I was constantly traveling, he managed to be on top of the entire process, I could not express my sincere gratitude to his effort.
Duc was an amazing loan officer. he was very upfront and honest trhough the whole loan process. I will definitely refer to my friends and family
I would like to thank Paul for doing an excellent job thru-out the refinancing process for my home. Paul was one of the four agents I had contacted and by far he was the most intelligent and helpful in obtaining my new loan. I am very happy with the rate that Paul was able to secure for me. Once again Thank You!
Paul LIbrojo provided great customer service in guiding us through our loan process. He's very knowledgeable and was patient working with us on a number of moving parts. You definitely want to use him and his company when getting a loan in any manor. Top notch! Thanks so much for all your hard work Paul!
Kinecta was initially founded as Hughes Aircraft Employees Federal Credit Union in 1940. In 2001, the company changed its name to Kinecta Federal Credit Union. The lender is headquartered in Manhattan Beach, Calif., and in 2017 originated more than $635 million in mortgage loans.
Kinecta focuses on serving customers in Southern California. It has several credit union branches throughout the region, with two mortgage loan centers – one in Orange County and one in Los Angeles.
Kinecta lends on the following types of properties:
The company does not offer financing on co-ops, manufactured homes or mobile homes.
Kinecta offers a number of different mortgage products for buying or refinancing a home or tapping your home’s equity.
Kinecta offers a unique program for homebuyers and sellers. Its HomeAdvantage program is designed to help homeowners navigate the buying or selling process by connecting them with real estate agents and other resources and information.
The HomeAdvantage program is free to join. Buyers and sellers who select and use a real estate agent from the HomeAdvantage network can earn a cash reward equal to 20% of the agent’s commission.
Kinecta also offers free in-person homebuying and selling workshops. Homebuying workshops are designed to help buyers learn about the homebuying process and avoid common first-time buyer mistakes. If you can’t attend a workshop in person, you can watch a video online and download a digital kit.
Potential borrowers can start the application process by:
Terrence Stewart, a mortgage loan consultant with Kinecta’s Manhattan Beach office recommended calling Kinecta’s mortgage division to talk to a live agent who can guide borrowers on the best way to apply in their situation.
Currently, Kinecta has an online portal for applicants to upload W-2s and other documents and send them to their mortgage consultant. Soon, the company will be releasing a new system that will improve the digital application process and, with the borrower’s authorization, connect with their financial institution to retrieve bank statements and other necessary documentation.
Kinecta’s homebuyer kit describes the following steps in the mortgage process:
Loan selection. Review your loan options and discuss them with your mortgage loan consultant.
Application. Once you’ve identified the property you want to purchase and the type of loan that’s best for you, the lender will order your credit report and help you submit an application and required documentation.
Processing. A loan processor will verify the documents you provided and assemble your loan package for underwriting.
Underwriting. An underwriter will order an appraisal of the property and review your loan for approval.
Documentation. The lender will prepare your final documents for closing and gather signatures on all necessary paperwork.
Funding. Kinecta will review your final loan package, send the funds to escrow, and you’ll receive keys to your new home.
Throughout the mortgage application and closing process, the mortgage consultant will be the borrower’s main point of contact.
Editorial Note: Parts of this article were reviewed by a lender to ensure accuracy prior to publication. The overall conclusions, recommendations and opinions are the author’s alone.
The information in this article is accurate as of the date of publishing.