EMD Funding in Flint, MI | Swift Deal Funding
EMD Funding in Flint, MI
EMD funding covers the earnest money deposit on a Flint purchase contract — typically $5,000–$25,000 — so you can lock up a property without committing your own cash. We wire the deposit directly to the title and escrow company handling the deal, usually within 24 hours of a complete file. The deposit must be refundable under the contract’s inspection or due-diligence terms.
Flint is a low-price, high-volume distressed market (median ~$80K) where the play is almost always volume — tying up several cheap houses at once before out-of-state cash-flow buyers or competing wholesalers grab them in neighborhoods like Carriage Town and the East Side. Keeping working capital free matters when you’re juggling deals. Two local due-diligence notes: the water-crisis legacy means service-line and disclosure questions can affect a buyer, and tax-foreclosure inventory may sit inside a six-month redemption window. EMD funding lets you go under contract fast while you complete that review.
How EMD funding works in Flint
Michigan is a wet-funding state, and closings — along with the earnest money held against them — run through title and escrow companies rather than attorneys. The refundable deposit sits in the title company’s escrow account. We wire within ~24 hours of complete docs and the title company’s written confirmation that the deposit is refundable per the contract. Given Flint’s water and tax-foreclosure history, keep your contract refundable while you review service-line, redemption, and disclosure items, and confirm details with your title company.
Pricing
Two options on every EMD, no credit check required:
| 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) |
Example: a $5,000 Flint EMD under Option B costs $1,000 total (the $1,000 minimum applies), paid once, nothing due at closing.
What you’ll need
- Fully executed purchase contract with refundable EMD language
- The Flint title company’s contact information
- Written confirmation from that title company that the EMD is refundable per the contract
- Your identification
No credit check, no income verification, no tax returns.
A typical Flint EMD scenario
You’re tying up three distressed houses on the East Side in the same week, and one seller wants a $5,000 earnest money deposit. The property has the kind of older service line worth flagging to your end buyer, so you want time to review before you’re fully committed. Rather than tie up your own $5,000 during diligence, you have us fund the refundable EMD to the title company’s escrow account within 24 hours, with your contract preserving a refundable path while you check water-line, redemption, and disclosure records. Under Option B, your cost is $1,000 (the minimum), and your capital stays free for the next two deals.
Apply
Submit your contract and the title company’s contact online — under 10 minutes. Same-day wires are possible for complete files before 11 AM Eastern.
Frequently Asked Questions
Who holds earnest money on a Flint deal? +
Michigan closes through title and escrow companies, so the refundable earnest money is generally held in the title company's escrow account rather than by an attorney. We wire the deposit directly to that Flint-area title office once we have written confirmation it's refundable under the contract. Funding moves within 24 hours of a complete file, which matters when you're chasing several low-cost distressed houses at once before out-of-state buyers or other wholesalers grab them.
Should I check water-service and tax-foreclosure history before funding a Flint EMD? +
Yes — both are smart due diligence here. Flint's water-crisis legacy means service-line and disclosure questions can matter to your end buyer, and much distressed inventory carries tax-foreclosure history with a possible six-month redemption window. We fund only refundable earnest money, so keep your contract's inspection or due-diligence terms refundable while you review water, redemption, and title items. Your Flint title company should confirm refundability in writing before we wire.
How fast can earnest money be funded for a Flint offer? +
Usually within 24 hours of a complete application and the title company's confirmation. In a low-price, high-volume market, that speed lets you tie up multiple distressed houses — East Side rentals, Carriage Town rehabs — without spreading your own cash across each. Same-day wires are possible before 11 AM Eastern, and we never check credit, income, or tax returns. Michigan also requires no wholesaler license to put a property under contract.
Apply for EMD Funding in Flint, MI
Submit your application online — same-day decisions for complete files before 2 PM Eastern.