Can you give me a real life case scenario example?

We recently had a closing with a client named Veronica. She had a 589 credit score when we first saw her. We improved her credit to a 657 – 68 points in 60 days. She bought a house for $357,500.00 and all the funds she  used to purchase the property (total cash out of pocket for down payment, closing costs, insurance, etc) was  $15,861.00. Her rate was the same as published by major banks like Bank of America and Wells Fargo for the  day we locked the loan.

Where do the funds come from?

Bluecastle Lending, Realty & Title is owned by the same owner. For FHA & VA loans, we could credit you up to 3.5% for your settlement charges, not charge you origination charges (usually 1% of the loan amount) and exclude you from paying underwriting fees at closing (usually $1,000.00 to $1,500.00). Additionally, through Bluecastle Realty we often get some settlement charges paid by the seller.