EMD Funding in Spokane, WA | Swift Deal Funding
How EMD Funding Works in Spokane, WA
EMD funding covers the earnest money deposit on your Spokane contract — typically $5,000 to $25,000 in this market — wired directly to your Washington escrow company, usually within 24 hours of a complete file. The deposit must be refundable under the inspection or due-diligence terms of the contract. You lock up the property without committing your own cash before you’ve found an end buyer or finished your numbers.
Spokane is the most affordable of Washington’s major metros, with a median around $400,000. Inventory turns over on value-add homes in West Central, Hillyard, and East Central, where Seattle and California migrants keep flippers and landlords active. Deposits run modest, but keeping your own capital free across several live contracts is what lets a wholesaler scale here.
How it closes in Spokane (escrow-company state)
Washington closings run through an escrow company, which holds the earnest money. We wire the deposit straight to your Spokane escrow company once we have written confirmation it’s refundable per the contract’s inspection period. Washington is also a dry-funding state — sale proceeds disburse only after Spokane County recording — but that affects the final close, not the deposit. Cancel within the inspection window and the deposit returns to the escrow company and back to us, documented and clean.
Pricing
Two fixed options on every EMD:
| 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 $8,000 Spokane EMD under Option B costs $1,000 total — paid once, nothing at closing.
What you’ll need
- Executed purchase contract with refundable EMD language
- Spokane escrow company contact information
- Written confirmation from escrow that the EMD is refundable per the contract
- Your ID
No credit check, income verification, or tax returns; no Washington wholesaler license required — disclose your equitable interest.
A typical Spokane EMD scenario
You go under contract on a bungalow in East Central and the seller wants an $8,000 earnest money deposit. Rather than wire your own cash, you submit the contract and your escrow company’s details. Within 24 hours we wire $8,000 to your Spokane escrow company. Your inspection period protects the deposit while you assign the contract to a migrant buyer. Under Option B your cost is a flat $1,000, and your capital stayed free for the next West Central deal.
Apply
Submit your contract and escrow company contact online — under 10 minutes. Same-day wire is possible for complete files in before 11 AM Eastern. We coordinate directly with your Spokane escrow company.
Frequently Asked Questions
Where does earnest money go on a Spokane deal? +
Washington closings run through escrow companies, so your earnest money is held by the escrow office handling the deal, not an attorney. We wire the deposit — usually $5,000 to $25,000 in this market — directly to your Spokane escrow company within 24 hours of a complete file and written confirmation the EMD is refundable. The deposit holds your contract while you finish due diligence or line up an end buyer in West Central, Hillyard, or East Central. On Spokane's lower price points, deposits often sit toward the bottom of that range.
Does Washington's dry-funding rule affect EMD funding in Spokane? +
Not for the deposit itself. Dry-funding governs when sale proceeds disburse at closing — after Spokane County recording — but earnest money is simply held against your contract during the inspection period. What matters for EMD funding is that the deposit is refundable under your contract's due-diligence terms and the escrow company confirms it in writing. If you cancel within that window, the deposit returns from the Spokane escrow company back to us, with none of your own capital exposed.
Why do Spokane wholesalers use EMD funding? +
Spokane's median is around $400,000 and deposits run modest, but keeping your capital free still matters when you're working several affordable contracts at once across West Central and Hillyard. EMD funding lets you put up a credible deposit on each deal without spending your own funds, and because a Washington escrow company holds the money, it's clean and documented. You pay a fixed per-deal cost and stay liquid for the next inland-Northwest opportunity.
Apply for EMD Funding in Spokane, WA
Submit your application online — same-day decisions for complete files before 2 PM Eastern.