EMD Funding in North Dakota | Swift Deal Funding
EMD Funding in North Dakota
EMD funding puts up the earnest money your purchase contract requires so you can lock up a North Dakota property without spending your own cash. Swift Deal Funding wires the deposit — generally $5,000 to $25,000 — to the closing escrow 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 inspection or due-diligence contingencies.
How EMD funding works in North Dakota
North Dakota closings commonly involve a closing attorney, with the deposit held in the closing escrow rather than by the seller directly. Once your contract is signed with refundable EMD language and you give us the closer’s contact, we confirm the deposit is refundable, then wire it straight into escrow with written confirmation of receipt. Because North Dakota funds wet, the deposit is held in escrow through closing; if the deal collapses inside your contingency window, the EMD returns per the contract. That refundability is what lets us put our money at risk for you, and it’s why the contract language matters more than your balance sheet. Conventions differ between the Red River Valley around Fargo, Bismarck, and the western Bakken energy markets, so confirm escrow handling with your closer — and note North Dakota is on Central time when coordinating the wire.
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 $7,500 EMD under Option B costs $1,000 total (the $1,000 minimum applies) — paid once, nothing at closing.
What you’ll need
- Fully executed purchase contract with refundable EMD language
- Closing attorney / title company escrow contact information
- Written confirmation that the EMD is refundable
- Borrower ID
No credit check, no income verification, no tax returns.
A typical North Dakota EMD scenario
A wholesaler finds a tired rambler in south Fargo and wants it locked before another investor moves in. The seller asks for $6,000 earnest money in the closing escrow within a couple of days. Rather than tie up his own working capital, the wholesaler submits the deal to us that morning. We confirm refundability with the closer’s office and wire the $6,000 into escrow the same afternoon. He locks the property, completes due diligence, and lines up an end buyer — all without touching his own cash.
Apply
Submit your contract and the closer’s escrow 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 Dakota deal? +
To the closing escrow — typically the closing attorney's or title company's account, depending on how the deal is set up. North Dakota closings commonly involve an attorney, so the deposit is held in that closing escrow rather than handed to the seller. We wire the EMD directly to that account within 24 hours and get written confirmation it's received. The deposit must be refundable under your contract's inspection or due-diligence terms so it can be returned if the deal doesn't close.
How fast can you fund earnest money on a North Dakota contract? +
Usually within 24 hours of a complete file and escrow confirmation, with same-day possible for applications in before 11 AM Eastern. Even in a smaller market like Fargo or Bismarck, a motivated seller may want the deposit posted quickly, and our turnaround lets you lock the deal without your own cash. North Dakota is on Central time, so coordinate the cutoff with your closer.
How much EMD funding is available on North Dakota deals? +
Generally $5,000 to $25,000, sized to what your contract requires. North Dakota's moderate price points mean many residential deals call for deposits at the lower end of that range, while larger Williston/Bakken or commercial contracts may run higher. We fund the amount your contract specifies as long as the deposit is refundable per the agreement's contingencies.
Apply for EMD Funding in North Dakota
Submit your application online — same-day decisions for complete files before 2 PM Eastern.