EMD Funding in Des Moines, IA | Swift Deal Funding
EMD Funding in Des Moines, IA
EMD funding puts up the earnest money deposit on your Des Moines contract so you can lock a property without committing your own cash. We send the deposit — $5,000 to $25,000 — straight to the escrow holding the deal, usually within 24 hours of a complete application. It’s our cheapest, fastest product, and it matters in Des Moines, where investors run several contracts at once across older neighborhoods like Drake, Highland Park, the East Side, and Beaverdale. The deposit must be refundable under your contract’s inspection or due-diligence terms.
How EMD funding works in Des Moines
Iowa is a wet-funding state, so the deposit is typically held in a Des Moines title/closing company’s escrow (or a broker’s trust account). Once we have your executed contract with refundable EMD language, the escrow/closing contact, written confirmation the deposit is refundable, and your ID, we wire — typically within 24 hours, and same-day for complete files in before 11 AM Eastern. If the deal closes, you’re done; if it dies in due diligence, the refundable deposit returns to us. Local note: Iowa runs on an abstract of title and Iowa Title Guaranty, so the closing company will continue the abstract — funding your deposit holds the deal while that title work moves. Confirm refund terms in writing before relying on them.
Pricing
| Option | Upfront | At close | Best for |
|---|---|---|---|
| A | 5% of EMD (min $500) | 20% of EMD | High close-through rates |
| B | 10% of EMD (min $1,000) | 0% | Predictable per-deal cost (most popular) |
A $10,000 EMD under Option B costs $1,000 total — paid once, nothing at closing.
What you’ll need
- Executed purchase contract with refundable EMD language
- Des Moines escrow / closing company contact
- Written confirmation that the EMD is refundable
- Your photo ID
No credit check, income verification, or tax returns. Local note: because Iowa uses an abstract of title rather than standard title insurance, give the closing company room to continue the abstract — your funded, refundable deposit holds the contract while that work finishes.
A typical Des Moines EMD scenario
You go under contract on a $165,000 home in Drake you plan to assign. The seller wants a $7,000 deposit to take it off market ahead of competing investors. Under Option B, we wire $7,000 to the closing company’s escrow within 24 hours for a $1,000 fee. Your cash stays free to chase the next deal, and if inspection kills the numbers, the refundable deposit returns to us.
Apply
Submit your contract and escrow contact online — most files take under ten minutes.
Frequently Asked Questions
Where is the earnest money held on a Des Moines deal? +
We wire the EMD to the escrow holding your Des Moines contract — typically within 24 hours of a complete application and written confirmation. Iowa is a wet-funding state where the deposit is usually held in a title/closing company's escrow account (or a broker's trust account). The deposit must be refundable under your contract's inspection or due-diligence terms, with written confirmation it returns to us if the deal doesn't close. Coordinate the holder and refund terms with your closing company before relying on them.
How much earnest money will you fund in Des Moines? +
We fund EMDs from $5,000 to $25,000, which covers most Des Moines residential contracts — from a sub-$130K East Side rehab to a near-median $220K Beaverdale home where competing investors push deposits higher. Two options: Option A is 5% upfront (min $500) plus 20% at close; Option B is 10% upfront (min $1,000) with nothing at close — the popular pick for predictable cost. A fast, funded deposit helps you secure contracts ahead of other investors in a steady, affordable market.
Why use EMD funding instead of my own cash in Des Moines? +
Running several Des Moines contracts at once locks your working capital in multiple escrows. EMD funding lets you tie up deals across Drake, Highland Park, and the East Side while your cash stays free for marketing and acquisitions. Because the deposit is refundable per your contract, your downside is limited to our fee if the deal dies in due diligence. That flexibility helps while a closing company continues the abstract and confirms clean title on older Iowa homes.
Apply for EMD Funding in Des Moines, IA
Submit your application online — same-day decisions for complete files before 2 PM Eastern.