Love Funding is currently offering two QUICK & EASY loan programs to help lower your interest rates:
Interest Rate Reduction (IRR)
This program permits the modification of an existing FHA loan for the purpose of reducing the interest rate. Properties with existing FHA insured loans are eligible as long as the prepayment lock-out period has expired before the request is submitted to HUD. No underwriting is required, fees and expenses are minimal, and the process can be completed in 30 – 45 days.
The streamlined FHA (a)(7) program is designed to allow borrowers with existing FHA insured loans to refinance with a lower interest rate, extend the term, fund project repairs and increase the replacement reserve.