Origination News reports different lenders have creative incentives to help deplete the glut of affordable houses on the market.  Fannie Mae is offering 3.5 percent closing cost assistance for Fannie’s Owned HomePath Property loan as long as the deal is sealed before June 30, 2011.  The borrower must use it as their primary residence, as it is not available to investors.  It also offers renovation mortgage financing with a three percent down payment.  NASA’s (National Aeronautics and Space Administration) Federal Credit Union is offering two 95 percent refinancing package loan-to-value mortgages for new homes.  One is for homes priced up to $650,000, and another for homes between $650,000 and $850,000.  Portland, Oregon’s, Umpqua Bank offers its  GreenStreet Home Equity loans of $5,000 to $100,000 for energy efficiency improvements, and also offers a 25-year line of credit.  Rick Alero of Umpqua said, “Energy efficient homes protect natural resources and encourage the kind of innovation that spurs economic growth and recovery.”