Echo Funding in Vermont | Swift Deal Funding
Echo Funding in Vermont
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 Vermont wholesalers around Burlington or Rutland, Echo keeps a deal alive when the buyer is short on closing cash, without restructuring it into a double close.
Vermont deals commonly fund $15,000 to $55,000 in down payment, with capacity up to $10 million per transaction. The fee is a flat 2.5% with nothing upfront, and there is no minimum deal size. We never pull credit, verify income, or request tax returns.
How Echo funding closes in Vermont
Vermont is an attorney-closing state, so a real estate attorney runs the file and disburses from a trust account. It is also a wet-funding state, so the money must be in trust before anything pays out. Echo runs as a single closing:
- We fund the end buyer’s down payment into the attorney’s trust account before closing.
- The deal closes as an assignment, with your assignment fee documented on the settlement statement.
- The attorney disburses seller proceeds and repays our funded amount plus the flat 2.5%.
- You net your assignment fee minus our repayment, the same day.
Your assignment fee must cover the funded down payment plus our 2.5% — we verify that before approval. Because deal flow is thin, confirm your attorney handles investor assignments with funded down payment.
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 Vermont real estate attorney ready to disburse seller proceeds with Echo repayment included
No credit check, no income docs, no tax returns.
A typical Vermont Echo scenario
A Burlington wholesaler assigns a two-unit to a buyer who is $14,000 short on the down payment. The wholesaler’s assignment fee is $20,000. We fund the $14,000 down payment into the attorney’s trust account. At closing, the attorney documents the $20,000 fee, repays us $14,000 plus the 2.5% fee ($350), and the wholesaler nets $5,650 with no cash out of pocket. 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
Vermont closings go through attorneys — does Echo still work? +
Yes. Vermont is an attorney-closing state, so a real estate attorney runs your closing and disburses from a trust account per the settlement statement. For Echo, the attorney documents your assignment fee on the seller side and repays our funded down payment plus the flat 2.5% from those proceeds. Because the attorney controls disbursement directly, repayment is clean. Confirm your Vermont attorney is comfortable handling an investor assignment with a funded down payment.
Vermont has very little wholesale volume — can I fund a single deal? +
Absolutely. Vermont is the smallest wholesale market in the country, mostly active around Burlington and Rutland, but we fund individual transactions with no minimum deal size or monthly volume. If you have a deal where the buyer is short on the down payment and you have an assignment fee to repay us from, Echo works the same way it would anywhere. Many Vermont properties are modest in price, so funded amounts and our flat 2.5% fee scale down accordingly.
How does Vermont's wet-funding requirement affect an Echo closing? +
Vermont is a wet-funding state, so funds must be in the attorney's trust account before disbursement. We fund the down payment into trust ahead of closing, and the attorney disburses per the settlement statement the same day — including our repayment from seller proceeds. With a complete file, standard turnaround is about 48 hours to wire-ready, and same-day funding is available for documents in before 11 AM Eastern.
Apply for Echo Funding in Vermont
Submit your application online — same-day decisions for complete files before 2 PM Eastern.