Attention Freddie Mac or Fannie Mae Harp eligible candidates.
Prosper Mortgage Funding will transfer your existing policy for any HARP eligible home owner.
Many people have run into Road Blocks because most mortgage companies will only allow HARP eligible homeowner's to refinance if they do not have mortgage insurance. This is not a problem at Prosper Mortgage Funding! If you have an existing HARP eligible Fannie Mae or Freddie Mac Mortgage, Prosper Mortgage Funding can transfer the existing Mortgage Insurance to your new loan. The amount of the mortgage insurance would be the same factor as your existing original policy. Even though Mortgage Insurance is in most cases more expensive today than it was in the past, our HARP customer's can still take advantage of today's mortgage rates without increasing the cost of their current mortgage insurance.
We can transfer Mortgage Insurance from any of the major carriers with few restrictions.