EMD Funding in North Carolina | Swift Deal Funding
EMD Funding in North Carolina
EMD funding puts up the earnest money your purchase contract requires so you can lock up a North Carolina property without spending your own cash. Swift Deal Funding wires the deposit — generally $5,000 to $25,000 — to the closing attorney’s trust account within 24 hours of a complete file. As a direct lender we don’t run credit, verify income, or ask for tax returns; the contract is what we underwrite. The deposit must be refundable under your due-diligence contingencies.
How EMD funding works in North Carolina
North Carolina is an attorney-closing state, and its standard purchase contract structures buyer deposits in a way worth understanding: there’s a refundable earnest money deposit held in escrow and a separate due diligence fee that’s typically non-refundable. We fund the refundable earnest money deposit — the portion held in an attorney trust account (or listing firm escrow). Once your contract is signed with refundable EMD language and you give us the trust-account contact, we confirm the deposit is refundable, then wire it directly into escrow with written confirmation of receipt. Because North Carolina funds wet, the deposit sits in escrow through closing; if the deal collapses inside your contingency window, the earnest money returns per the contract. Confirm with your closing attorney that the funded amount is the refundable EMD, not the due diligence fee, before posting.
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) |
Example: a $15,000 EMD under Option B costs $1,500 total — paid once, nothing at closing.
What you’ll need
- Fully executed purchase contract with refundable EMD language
- Closing attorney / escrow trust-account contact information
- Written confirmation that the EMD is refundable
- Borrower ID
No credit check, no income verification, no tax returns.
A typical North Carolina EMD scenario
A wholesaler spots a tired three-bed in Charlotte’s University City area and needs to beat competing investors to contract. The seller wants $15,000 earnest money in the closing attorney’s trust account within 48 hours, separate from the due diligence fee. With working capital spread across other deals, the wholesaler submits to us that morning. We confirm the $15,000 is the refundable EMD with the attorney’s office and wire it into the trust account the same day. The property is locked, due diligence runs, and an end buyer gets lined up — none of it from the wholesaler’s own cash.
Apply
Submit your contract and the closing attorney’s trust-account contact online — usually under ten minutes. Same-day wire is possible for complete files in before 11 AM Eastern.
Frequently Asked Questions
Where does the earnest money go in a North Carolina deal? +
Into the closing attorney's trust account, or the listing firm's escrow, depending on the contract. North Carolina requires a licensed attorney to handle the closing, so the deposit is typically held in an attorney trust account rather than by a standalone title agent. We wire the EMD directly to that escrow within 24 hours and get written confirmation it's received. The deposit must be refundable under your contract's due-diligence terms so it can be returned if the deal doesn't close.
How does North Carolina's due diligence fee differ from earnest money? +
North Carolina's standard contract splits the buyer's deposits into a refundable earnest money deposit and a separate, usually non-refundable due diligence fee. We fund the earnest money deposit — the refundable portion held in escrow — not the due diligence fee. Make sure your contract clearly identifies refundable EMD held in escrow so the deposit qualifies, and confirm the handling with your closing attorney.
How fast can you fund earnest money on a North Carolina contract? +
Typically within 24 hours of a complete file and escrow confirmation, with same-day possible for applications in before 11 AM Eastern. In hot Charlotte and Raleigh-Durham markets, sellers often want EMD posted within days of acceptance, and our turnaround lets you compete with cash buyers without your own capital tied up. We coordinate the wire directly with the attorney's trust account.
Apply for EMD Funding in North Carolina
Submit your application online — same-day decisions for complete files before 2 PM Eastern.