EMD Funding in Sarasota, FL | Swift Deal Funding
EMD Funding in Sarasota, FL
EMD funding puts up the earnest money deposit on your Sarasota contract so you can lock a property without committing your own cash. We send the deposit — $5,000 to $25,000 — straight to the title company holding escrow, usually within 24 hours of a complete application. It’s the cheapest, fastest product we offer, built for wholesalers juggling several Sarasota deals at once: a retiree-owned home heading to flip, a Newtown value-add, or a Gulf-coast condo where the seller wants a serious deposit. The deposit must be refundable under your contract’s inspection or due-diligence terms.
How EMD funding works in Sarasota
Florida is a title-company closing state, so your earnest money goes to the Sarasota title or escrow office, not an attorney as in Georgia. Once we have your executed contract with refundable EMD language, the title company’s contact, written confirmation the deposit is refundable, and your ID, we wire to escrow — 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 during due diligence, the refundable deposit returns to us. Always confirm refund terms in writing with the title company before you rely 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 $15,000 EMD under Option B costs $1,500 total — paid once, nothing at closing.
What you’ll need
- Executed purchase contract with refundable EMD language
- Sarasota title / escrow company contact
- Written confirmation from title that the EMD is refundable
- Your photo ID
No credit check, income verification, or tax returns. Local note: in Florida, post-Ian insurance availability and condo recertification can stretch due-diligence timelines — make sure your refund window is wide enough to clear those before the deposit goes hard.
A typical Sarasota EMD scenario
You go under contract on a $300,000 home near Newtown that you plan to assign. The seller wants a $10,000 earnest deposit to take it off market. Under Option B, we wire $10,000 to the title company within 24 hours for a $1,000 fee. Your cash stays free to chase the next deal, and if inspection blows the numbers up, the refundable deposit comes back to us.
Apply
Submit your contract and title company contact online — most files take under ten minutes.
Frequently Asked Questions
Where does the earnest money go on a Sarasota deal? +
We wire the EMD straight to the Florida title company holding escrow for your Sarasota contract — typically within 24 hours of a complete application and written confirmation. Florida is a title-company closing state, so the title or escrow office is your point of contact, not an attorney as you'd see in Georgia. The deposit must be refundable under the inspection or due-diligence terms of your contract, and we need the title company's written confirmation that it will be returned to us if the deal doesn't close.
How much earnest money will you fund in Sarasota? +
We fund EMDs from $5,000 to $25,000, which covers most Sarasota residential contracts — from a sub-$200K Newtown rehab to a near-median $450K Gulf-coast home where sellers often expect a stronger deposit. Two pricing options: Option A is 5% upfront (minimum $500) plus 20% at close; Option B is 10% upfront (minimum $1,000) with nothing at close — the most popular for predictable per-deal cost. Pick based on how often your deals make it to the table.
Why use EMD funding instead of my own cash in Sarasota? +
Sarasota's competitive Gulf-coast inventory often demands a sizable deposit to win a contract, and tying your own cash up in escrow on several deals at once drains working capital. EMD funding lets you lock multiple properties — say a Siesta Key condo and a Newtown flip — while your cash stays free for marketing and acquisitions. Because the deposit is refundable per your contract terms, your downside is limited to our fee if the deal falls through during due diligence.
Apply for EMD Funding in Sarasota, FL
Submit your application online — same-day decisions for complete files before 2 PM Eastern.