Newsflash: Low Credit Score Mortgage Financing

I have seen an onslaught of people claiming they can help people with low credit scores (580) get mortgage financing, even if they’ve been turned down before. This all seems like a big MLM-like scam to me, and I am certain there is some underlying borderline illegal something going on here. Are these firms like Southwest Funding legit, or are my post-housing crisis senses right?I’ve asked the posters about their credentials, time in the industry, what type of loans they secure, the average rates they see, etc.. but no responses, and I can’t find whole lot of information through Googling them.

Read more at https://www.reddit.com/r/RealEstate/comments/6p21nr/low_credit_score_mortgage_financing/?utm_source=ifttt

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