Echo Funding in Knoxville, TN | Swift Deal Funding
Echo Funding in Knoxville, TN
Echo (transactional down payment) funding fronts your end buyer’s down payment at closing and is repaid directly from the seller proceeds — typically your assignment fee. It’s built for Knoxville assignment deals where a financed buyer, often someone relocating to the area, needs help reaching the closing table. With a median around $330K and a steady inflow of newcomers tied to UT and the Oak Ridge corridor, Knoxville sees plenty of financed end buyers who fit this structure. Flat 2.5%, nothing upfront.
How Echo closes in Knoxville
Tennessee is a wet-funding title/escrow state, so a licensed Knoxville title company disburses seller proceeds at closing — no attorney mandate. That single-disbursement structure is what makes Echo work: title pays the seller side, our repayment is built into the closing statement, and the balance of your assignment fee flows to you. Confirm with title locally that they’ll disburse with the Echo repayment included before closing day.
Pricing
Flat 2.5% of the funded down payment. No application, origination, or upfront fees — collected on the closing statement.
What you’ll need
- Executed purchase contract
- Executed assignment showing your assignment fee
- Assignment fee ≥ funded down payment + 2.5%
- A Knoxville title company ready to disburse with Echo repayment included
No credit, income, or tax docs. Knoxville note: relocation buyers’ lenders can revise the required down payment late — confirm the lender’s number before sizing the Echo request.
A typical Knoxville Echo scenario
You assign a Fountain City home at a $25,000 fee to a relocating buyer whose lender wants 5% down on a $290,000 purchase — $14,500. Echo funds the $14,500 down payment. At closing the Tennessee title company disburses, our $14,500 plus the 2.5% fee ($363) — $14,863 — is repaid from your assignment fee, and you net $10,137 the same day.
Apply
Submit your purchase contract and assignment online. We verify the fee covers the funded amount before approval. ~48-hour standard turnaround.
Frequently Asked Questions
How does Echo help with Knoxville's relocation buyers? +
Many Knoxville end buyers are relocating to the area or buying from out of town, and they often finance with a lender that wants the down payment in escrow before closing. Echo funds that down payment at the table and is repaid from your assignment fee in the seller proceeds. Your buyer brings less cash, the deal stays on track, and you keep the rest of your spread. Your assignment fee must comfortably exceed the funded down payment plus our flat 2.5%.
Echo or double close for a Knoxville assignment? +
If you're assigning the contract and your end buyer only needs help with cash-to-close, Echo is the lighter, cheaper option — it funds just the down payment and is repaid from your fee. If you're taking title then reselling, use a double close to fund the full A-to-B. On Fountain City and South Knox assignments where you have a solid fee, Echo usually fits. Both run through one Knoxville title company under Tennessee's escrow process.
How fast does Echo fund a Knoxville closing? +
Standard turnaround is about 48 hours from a complete application to wire-ready, with same-day possible for files in before 11 AM Eastern with the purchase contract, the assignment showing your fee, and a title office ready to disburse. We confirm your fee covers the funded amount plus 2.5% before approval, then wire to your Knoxville title company by 9 AM Eastern on closing day. Confirm disbursement timing with title locally.
Apply for Echo Funding in Knoxville, TN
Submit your application online — same-day decisions for complete files before 2 PM Eastern.