Echo Funding in Utah | Swift Deal Funding
Echo Funding in Utah
Echo is transactional down payment funding: we provide the cash your end buyer needs for their down payment, and we are repaid from the seller’s proceeds — your assignment fee — at closing. For Utah wholesalers along the Wasatch Front, Echo keeps a deal alive when the buyer is short on closing cash, without converting it into a full double close.
Utah deals commonly fund $30,000 to $110,000 in down payment across Salt Lake City, Provo, Ogden, and West Valley City, 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 request tax returns.
How Echo funding closes in Utah
Utah uses title and escrow companies — no attorney-closing requirement — and is a wet-funding state, so the money is in escrow before disbursement and pays out per the settlement statement on closing day. Echo runs as a single closing:
- We fund the end buyer’s down payment into escrow before closing.
- The deal closes as an assignment, with your assignment fee documented on the settlement statement.
- The escrow company disburses seller proceeds and repays our funded amount plus the flat 2.5%.
- You net your assignment fee minus our repayment, the same day.
The assignment fee must cover the funded down payment plus our 2.5%, which we verify before approval. Wasatch Front escrow offices handle high volume and most are comfortable with investor assignments.
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 Utah title or escrow company ready to disburse seller proceeds with Echo repayment included
No credit check, no income docs, no tax returns.
A typical Utah Echo scenario
An Ogden wholesaler assigns a deal to a buyer who is $25,000 short on the down payment. The wholesaler’s assignment fee is $34,000. We fund the $25,000 down payment into escrow. At closing, the escrow company documents the $34,000 fee, repays us $25,000 plus the 2.5% fee ($625), and the wholesaler nets $8,375 — no cash out of pocket, and the deal closes as a single assignment.
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.
Frequently Asked Questions
With Wasatch Front prices high, will my assignment fee cover an Echo down payment? +
That is exactly the math to check. Echo is repaid from your assignment fee at closing, so the fee must be at least the funded down payment plus our flat 2.5%. On higher-priced Salt Lake or Provo deals, down payments can be larger, but assignment fees on those deals are often larger too. We confirm the fee covers the funded amount before approving — if it does not, we will tell you up front so you can adjust or look at a different structure.
Does Utah's escrow-closing model support Echo? +
Yes. Utah closes through title and escrow companies rather than attorneys, and it is a wet-funding state, so funds are in escrow before disbursement and everything pays out per the settlement statement on closing day. We fund the buyer's down payment into escrow, the escrow company documents your assignment fee, and our funded amount plus 2.5% is repaid from seller proceeds the same day. Use an escrow office familiar with investor assignments.
Is Echo or Stack the better fit for a Utah creative-finance deal? +
It depends on where the cash gap is. Echo covers a buyer's down payment and is repaid from your assignment fee — best when you have a clear fee and a conventional-style closing. Stack is built for seller carry-back structures, where a recorded second note repays us. The Wasatch Front sees plenty of both. If your Utah deal uses seller financing, Stack usually fits; if it is a straight assignment with a down-payment gap, Echo is simpler.
Apply for Echo Funding in Utah
Submit your application online — same-day decisions for complete files before 2 PM Eastern.