Echo Funding in Delaware | Swift Deal Funding
Echo Funding in Delaware
Echo is transactional down-payment funding: we advance the cash an end buyer needs for their down payment at closing, repaid directly from the seller-side proceeds — usually your assignment fee — the same day. It lets a Delaware wholesaler bring a cash-light end buyer to the table without using your own capital. Echo advances here typically run $20,000 to $80,000, with capacity up to $10,000,000 per transaction, at a flat 2.5% fee.
Delaware is small but stable, which suits wholesalers who like less competition. New Castle County around Wilmington and Newark sees the most activity, with Dover and the Sussex County beach communities adding steady flow. With a statewide median roughly in the $361,000–$475,000 range, down payments are mid-sized — a good fit for an Echo advance when an end buyer’s cash is briefly tied up.
How Echo Funding closes in Delaware
Delaware is a wet-funding state and an attorney-closing state. Wet funding means proceeds disburse at signing rather than after recording, so our advance and the flat 2.5% come back from your assignment fee the same day. Settlement must be conducted by a licensed Delaware attorney — there’s no independent title-company table closing here.
The attorney disburses from escrow, so the repayment is clean: your fee comes in, our advance plus fee comes off the top. Plan for the attorney’s settlement fee, commonly around $1,400. Wholesaling is permitted statewide if you disclose your equitable interest; there’s no wholesaler-licensing statute. Confirm with your Delaware closing attorney that the disbursement will include our Echo repayment.
Echo example deal in Delaware
A Wilmington wholesaler resells a rowhome to an end buyer at $230,000 with a $26,000 assignment fee:
| Item | Amount |
|---|---|
| End-buyer purchase price | $230,000 |
| Wholesaler assignment fee | $26,000 |
| Down payment funded by Echo | $18,000 |
| Echo fee (2.5%) | $450 |
| Repaid to us from the assignment fee | $18,450 |
| Wholesaler net | $7,550 |
The end buyer brings less cash; the assignment fee covers our funding plus fee at settlement.
Pricing
Flat 2.5% of the funded amount. No application, origination, or upfront fees — collected through the closing statement.
What you’ll need
- Executed purchase contract
- Executed assignment contract showing your assignment fee
- Assignment fee at least equal to the funded down payment plus our 2.5%
- Settlement attorney ready to disburse proceeds with Echo repayment included
Delaware note: the New Castle County firms handle most investor settlements — pick one comfortable structuring the disbursement.
Apply
Submit your purchase and assignment contracts online. We verify the assignment fee covers the funded amount before approval. Standard turnaround ~48 hours.
Frequently Asked Questions
How does Echo repayment work with a Delaware attorney closing? +
Delaware is an attorney-closing, wet-funding state. A licensed Delaware attorney conducts settlement and disburses from escrow once documents are signed — including repaying our Echo advance directly out of your assignment fee. We fund the end buyer's down payment, the deal closes, and our advance plus the flat 2.5% comes back from your fee the same day. Budget for the attorney's settlement fee, often around $1,400, and confirm the disbursement structure with your Delaware closer.
When does Echo make sense in the Wilmington market? +
Echo fits Delaware deals with a real assignment fee where the end buyer is short on down-payment cash. Most volume is in New Castle County around Wilmington and Newark, with steady flow in Dover and the Sussex County beach towns. With a statewide median roughly $361,000 to $475,000, down payments are mid-range, and a solid assignment fee typically covers both the funded gap and our 2.5%.
How fast can you fund an Echo deal in Delaware? +
About 48 hours from a complete file. We need your purchase contract, the assignment contract showing your fee, and confirmation that the settlement attorney is ready to disburse. Because a Delaware attorney disburses from escrow at signing, an Echo advance funded ahead of settlement is repaid from your assignment fee the same business day — coordinate the timing with the attorney's office.
Apply for Echo Funding in Delaware
Submit your application online — same-day decisions for complete files before 2 PM Eastern.