Echo Funding in Texas | Swift Deal Funding

Echo Funding in Texas

Echo is transactional down payment funding: we put up the cash your end buyer needs for their down payment, and we are repaid from the seller’s proceeds at closing — usually out of your assignment fee. For Texas wholesalers, that means you can hold a deal together where the buyer is short on closing cash without converting it into a full double close.

Texas is the country’s largest wholesale market, and Echo deals here commonly fund $30,000 to $120,000 in down payment, with capacity up to $10 million per transaction. The fee is a flat 2.5%, with nothing upfront. We never pull credit, verify income, or ask for tax returns.

How Echo funding closes in Texas

Texas closes through title companies and is a wet-funding state, so the money is in escrow before disbursement and everything pays out per the settlement statement on closing day. Echo fits that flow as a single closing:

1. We fund the end buyer’s down payment into escrow before closing.
2. The deal closes as an assignment, with your assignment fee documented on the settlement statement.
3. The title company disburses seller proceeds and repays our funded amount plus the flat 2.5% out of those proceeds.
4. You net your assignment fee minus our repayment — all the same day.

The key requirement is that your assignment fee is large enough to cover the funded down payment plus our fee. We confirm that math before approval. Use a Texas title company comfortable with investor assignments and creative-finance disbursement.

Pricing

Flat 2.5% of the funded amount. No application fee, no origination fee, nothing upfront — collected through the closing statement.

What you’ll need

• Fully executed purchase contract
• Executed assignment showing your assignment fee
• An assignment fee at least equal to the funded down payment plus our 2.5%
• A Texas title company ready to disburse seller proceeds with Echo repayment included

No credit check, no income docs, no tax returns.

A typical Texas Echo scenario

A Dallas wholesaler has a deal under contract and an end buyer who can cover most, but not all, of the cash to close. The buyer needs $20,000 for their down payment. The wholesaler’s assignment fee is $30,000. We fund the $20,000 down payment into escrow. At closing, the title company documents the $30,000 assignment fee, repays us $20,000 plus the 2.5% fee ($500), and the wholesaler nets $9,500 — without putting up a dollar of their own cash. The deal stays a single assignment closing.

Apply

Upload your purchase contract and the assignment showing your fee online. We verify the fee covers the funded amount before approving. Standard turnaround is about 48 hours to wire-ready.

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