EMD Funding in Plano, TX | Swift Deal Funding
How EMD funding works in Plano, TX
EMD funding covers the earnest money deposit so you can lock up a Plano property without pulling cash from your own account. We send the deposit — usually $5,000 to $25,000 — directly to the title company named in your contract, typically within 24 hours of a complete application. The deposit stays refundable per your contract’s TREC option period or due-diligence terms.
Plano’s market runs on corporate relocations — Toyota, JPMorgan, and the Tollway-corridor employers — which keeps well-priced deals competitive and earnest money expectations high. With a median sale price around $500,000, sellers in east Plano and near Legacy often expect a substantial deposit, frequently at the top of our range. Funded EMD lets you lock up a property fast and finish due diligence without committing your own capital until you are sure of the deal.
How EMD funding closes in Plano
Because Texas closings happen at title companies and the TREC contract pairs an option period with title-held earnest money, funded EMD slots in cleanly:
- Submit the executed contract, your Plano title company’s contact, and your ID.
- The title company confirms to us that the deposit is refundable under your contract terms.
- We wire the earnest money over, typically within 24 hours.
- On a closed deal the deposit is credited at closing; on a termination inside the option window it is refunded.
Pricing
Two options on every EMD, the same in Plano as everywhere:
| 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 typical $25,000 Plano EMD under Option B costs $2,500 total, paid once, with nothing due at closing.
What you’ll need
- Fully executed purchase contract with refundable EMD language
- Plano title company contact information
- Written confirmation from title that the EMD is refundable per contract terms
- Your photo ID
No credit check, no income verification, no tax returns. A local note: Plano deposits often run to the top of our range on relocation deals, so funding the EMD keeps a large chunk of capital free for your next contract.
A typical Plano EMD scenario
A wholesaler ties up an east Plano home in a competitive relocation market and the seller wants $25,000 earnest money to take it off the table, but the wholesaler wants to underwrite fully before committing personal cash. We confirm the deposit is refundable through the TREC option period and wire $25,000 to the title company within 24 hours. Under Option B, the wholesaler pays $2,500 once. The contract is locked, the wholesaler runs due diligence and markets it, and either assigns before the option expires or terminates with the deposit refunded.
Apply
Submit your contract and title company contact online — usually under 10 minutes. Same-day wires are available for complete files in before 11 AM Eastern. We coordinate directly with your title company.
Frequently Asked Questions
How does EMD funding work with a TREC option period on a Plano contract? +
The TREC residential contract gives you a negotiated option period to terminate while keeping earnest money refundable, and funded EMD fits right in. We wire your earnest money — $5,000 to $25,000 — to the Plano title company within 24 hours. As long as your contract keeps the deposit refundable through the option or due-diligence window, you are protected if you terminate. We do not give legal advice, so confirm your specific option and EMD language with your title company before signing the contract.
Do Plano's higher prices mean larger earnest money deposits? +
Usually, yes. With a median around $500,000, Plano sellers — especially on relocation-driven deals — often expect earnest money at the upper end of our $5,000 to $25,000 range, and sometimes more, to take a contract seriously in a competitive North Dallas market. Funded EMD lets you meet that expectation within 24 hours without tying up personal capital. Under Option B you pay a flat 10% once — for example $2,500 on a $25,000 deposit — with nothing at closing. Confirm the deposit amount and refundable terms with your title company.
Why use funded EMD in Plano's competitive market? +
Corporate-relocation demand keeps well-priced Plano deals moving fast, so a serious earnest money deposit submitted quickly can be the difference in winning the contract. Funded EMD lets you put up a credible deposit on an east Plano property within 24 hours, then underwrite inside the option period. If the numbers do not pencil, you terminate and the deposit is refunded — and your own capital stays free for the next high-dollar deal. Confirm your refundable terms with your title company before you sign.
Apply for EMD Funding in Plano, TX
Submit your application online — same-day decisions for complete files before 2 PM Eastern.