Echo Funding in Oregon | Swift Deal Funding
Echo Funding in Oregon
Echo funding fronts your end buyer’s down payment at the closing table and is repaid directly from the seller’s proceeds — in a wholesale deal, from your assignment fee. The buyer brings less cash, the deal closes, and we’re repaid the moment escrow disburses. In Oregon’s higher-priced Portland-centered market, funded down payments typically run $15,000 to $60,000, with capacity to $10 million. The fee is a flat 2.5% of what we fund, nothing upfront.
The Oregon wrinkle is timing. Oregon is a dry-funding state, so documents can record before disbursement is fully settled — the reverse of the wire-first rule in most states. For Echo, that doesn’t change the economics; it changes the choreography. Your escrow officer sequences when our funded down payment and your assignment fee move relative to recording, which is why we always confirm the order with your Oregon escrow company before approving.
How Echo closes in Oregon
Oregon closes through title/escrow, not a mandated attorney, so your escrow officer runs the show. On settlement, they disburse to the seller, release your assignment fee, and repay our funded down payment plus the 2.5% from those proceeds. Because Oregon is dry-funding, the recording and disbursement can be ordered to suit the escrow company’s process rather than forcing money into escrow first. We coordinate that sequence with your Portland-area escrow officer and confirm the repayment will route off the settlement statement.
No state sales tax means a cleaner settlement statement, which makes it simple to verify your assignment fee covers the funded amount plus fee.
Echo example deal in Oregon
| Item | Amount |
|---|---|
| End-buyer purchase price | $440,000 |
| Wholesaler assignment fee | $35,000 |
| Down payment funded by Echo | $25,000 |
| Echo fee (2.5%) | $625 |
| Repaid to us at close (from assignment fee) | $25,625 |
| Wholesaler net | $9,375 |
The buyer’s cash burden drops; your assignment fee absorbs our funded amount plus fee, and you net the rest.
Pricing
Flat 2.5% of the funded down payment. No application, origination, or upfront fees — collected through the settlement 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 the 2.5% fee
- Oregon title/escrow company ready to disburse with Echo repayment included
- Agreement on the dry-state recording-and-funding sequence
A typical Oregon Echo scenario
A Portland wholesaler has a $35,000 assignment fee and an end buyer who is $25,000 short on the down payment. We fund the $25,000. The escrow company, working Oregon’s dry-funding sequence, records and disburses: the seller is paid, the assignment fee is released, and our $25,625 is repaid from it. The wholesaler nets $9,375. The buyer closes a deal they couldn’t have funded alone, and with no sales tax on the statement the math stays clean.
Apply
Submit your purchase and assignment contracts online. We verify the fee covers the funded amount before approving. Standard turnaround is about 48 hours.
Frequently Asked Questions
How does Oregon's dry-funding rule affect Echo repayment? +
Oregon allows documents to record before disbursement is finalized, so the escrow officer controls a record-then-fund sequence rather than the wire-before-record order of a wet state. For Echo, that means your escrow company manages when our funded down payment and your assignment fee move relative to recording. We coordinate the exact sequence with your Oregon escrow officer so our funded amount plus the 2.5% is repaid from seller proceeds in the same settlement. Confirm timing with your escrow company.
Who coordinates the Echo repayment in an Oregon closing? +
Your title/escrow company does — Oregon doesn't mandate a closing attorney. The escrow officer holds the file, disburses to the seller, releases your assignment fee, and repays our funded down payment plus 2.5% from those proceeds. We require the assignment contract to show a fee large enough to cover the funded amount plus our fee, and we line up the repayment off the settlement statement with your Portland-area escrow officer before approving the deal.
Is there sales tax to factor into an Oregon Echo deal? +
No. Oregon has no state sales tax, so your settlement statement won't carry a sales-tax line. The numbers that matter for Echo are the end-buyer purchase price, your assignment fee, the down payment we fund, and our flat 2.5%. Because the cost picture is clean, it's easy to confirm your assignment fee comfortably covers the funded amount plus fee before you bring the deal to the table.
Apply for Echo Funding in Oregon
Submit your application online — same-day decisions for complete files before 2 PM Eastern.