Stack Funding in Mobile, AL | Swift Deal Funding
Stack Funding in Mobile, AL
Stack funding — built on the Morby Method — supplies the cash a Mobile closing needs when a seller carry-back is covering the buyer’s down payment but the closing attorney still requires real funds in escrow to close. We wire that cash to the table, and the recorded second-position note repays our advance plus a flat 2.5%, often the same day.
The Gulf-coast market makes this practical. With a metro median near $200,000 and a deep base of equity-rich, long-hold owners of older homes in midtown and downtown, owner-finance and subject-to deals come up regularly — exactly the structures Stack is built for. Because insurance and condition can weigh on these properties, a seller carry is often the cleanest path to a deal. Typical funded amounts run $20,000 to $70,000, with capacity to $10 million per transaction.
How a Stack Deal Closes in Mobile
Alabama is an attorney-closing, wet-funding state, so a licensed Alabama attorney conducts the closing, handles the title work, and records the carry-back — the key difference from Missouri, where a title company can close alone. You structure a seller carry-back covering the down payment and costs, we wire the required cash on closing day, the attorney disburses to the seller and records the carry-back as a second-position mortgage, and that note repays us plus 2.5%, typically same-day.
Given Gulf-coast insurance and condition factors, price the carry-back to cover the full down payment and costs, and confirm second-position recording mechanics with your Mobile attorney locally.
Pricing
Flat 2.5% of the funded amount. No upfront fees — collected through the closing statement:
| Funded Amount | Fee |
|---|---|
| $50,000 | $1,250 |
| $100,000 | $2,500 |
| $500,000 | $12,500 |
| Up to $10,000,000 | 2.5% flat |
What You’ll Need
- Executed purchase contract with seller-financing terms
- A seller carry-back large enough to cover the required down payment plus closing costs
- An Alabama closing attorney prepared to record the second-position mortgage right after closing
- Written confirmation from the attorney that the note will be recorded as agreed
No credit check, no income verification, no tax returns.
A Typical Mobile Stack Scenario
An out-of-state owner of a paid-off downtown duplex, tired of managing it from afar and the Gulf-coast insurance hassle, agrees to owner-finance and carry back a note covering your $36,000 down payment and costs. The closing attorney still needs that $36,000 in escrow to close. We wire it; the deal closes; your Alabama attorney records the seller’s carry-back as a second-position mortgage and repays us $36,000 plus 2.5% ($900) — same day. You take the duplex with little of your own cash at the table.
Apply
Submit your purchase contract and seller-financing terms online. We coordinate directly with your Mobile closing attorney on the carry-back recording.
Frequently Asked Questions
Who records the seller carry-back on a Mobile Stack deal? +
Alabama is an attorney-closing state, so a licensed Alabama attorney conducts the closing, handles the title work, and records the seller's carry-back mortgage in second position right after closing. That recorded note repays our advance plus a flat 2.5%. Alabama is also a wet-funding state, so our cash must be in escrow to close. Confirm second-position recording and the title work with your Mobile attorney before you set a date.
Do Gulf-coast insurance and condition issues affect a Mobile Stack deal? +
They shape the structure more than the Stack mechanics. Mobile's hurricane and flood exposure plus humid-climate condition issues mean a seller carrying back a note should price the deal with insurance and repairs in mind. Stack simply supplies the cash the attorney needs in escrow at closing, repaid by the recorded second note. Make sure the carry-back covers the full down payment and costs. We underwrite the contract and carry terms, not your credit, income, or tax returns.
When does Stack beat Echo on a Mobile deal? +
Use Stack when the deal includes seller financing — a motivated Mobile seller with equity who carries back a note covering the down payment and costs. Use Echo when there is no carry and you only need the end buyer's down payment funded against your assignment fee. Equity-rich, long-hold owners of older midtown and downtown homes make owner-finance and subject-to deals common in Mobile, and those structures are where Stack fits.
Apply for Stack Funding in Mobile, AL
Submit your application online — same-day decisions for complete files before 2 PM Eastern.