Echo Funding in Washington | Swift Deal Funding
Echo funding in Washington
Echo fronts the down payment your end buyer owes at closing, and we get paid back out of the seller side of the deal — which, for a wholesaler, is your assignment fee. Your buyer shows up with far less cash, the transaction records, and once escrow disburses, our principal plus a flat 2.5% peels off your fee. Funded amounts in Washington typically run $15,000 to $60,000, with capacity to $10 million per transaction, and there’s no upfront cost.
Echo earns its keep in Washington’s high-cost metros. Seattle and Bellevue down payments can be hefty, and Echo keeps an end buyer from collapsing the deal over cash on hand. In Spokane and Tacoma, where price points are lower, Echo frees you to run more concurrent assignments without parking your own money in each one.
How Echo closes in Washington
Washington is a dry-funding escrow state, which shapes the timing. Escrow holds the file until the deed records with the county; only then does it disburse. So Echo’s repayment rides the same post-recording disbursement that releases your assignment fee — escrow applies our funds to the buyer’s down payment, records, then pays your fee and routes our principal plus 2.5% back to us. Coordinate the recording and disbursement schedule with your escrow company so the order is clean, especially against the county’s daily recording cutoff.
Pricing for Echo funding in Washington
Flat 2.5% of the funded amount. No application fee, no origination fee, no upfront cost — collected through escrow.
A $15,000 funded down payment costs $375; a $40,000 down payment costs $1,000.
What you’ll need for Echo in Washington
- Executed purchase contract
- Executed assignment contract showing your assignment fee
- An assignment fee at least equal to the funded down payment plus 2.5%
- A Washington escrow company ready to disburse seller proceeds with our repayment included
No credit, income, or tax documentation.
A typical Washington Echo scenario
A wholesaler assigns a Spokane contract for a $24,000 fee. The end buyer’s lender wants $18,000 down and the buyer is tight on cash. Echo funds the $18,000. Once the deed records, the escrow office disburses: it repays us $18,450 ($18,000 plus 2.5%) from the assignment fee, and the wholesaler nets $5,550 — having never fronted the buyer’s down payment.
Apply for Echo funding in Washington
Upload your purchase and assignment contracts online. We confirm the assignment fee covers the funded amount before approving. Standard turnaround is ~48 hours.
Frequently Asked Questions
When does Echo get repaid under Washington's dry-funding rules? +
Echo funds the end buyer's down payment and is repaid from the seller-side proceeds — your assignment fee. Because Washington is a dry-funding state, escrow doesn't disburse until the deed records, so repayment to us comes out of the same post-recording disbursement that pays your fee. The timing simply follows the county recording; once it records, escrow disburses your assignment fee and routes our funded amount plus 2.5% back to us. Confirm the disbursement schedule with your escrow agent.
Does the assignment fee have to cover the Echo amount in Washington? +
Yes. Your executed assignment must show a fee at least equal to the funded down payment plus our 2.5%, because that fee is our repayment source. On higher-priced Seattle and Eastside deals, the down payment can be large, so a strong assignment fee matters. In more affordable Spokane and Tacoma markets the funded amount is smaller and easier to cover. Either way, escrow disburses your fee and repays us in one run after recording.
Echo or Stack for a Washington creative-finance deal? +
Use Echo when you're assigning a contract and collecting a fee at closing — that fee repays us directly through escrow, with no note to record afterward. Use Stack when the deal uses seller financing and a carry-back note covers the down payment. Since Washington records before any disbursement, both products are timed to the county recording, but Stack also requires recording the second-position note. For a clean Puget Sound assignment, Echo is usually the simpler path.
Apply for Echo Funding in Washington
Submit your application online — same-day decisions for complete files before 2 PM Eastern.