Stack Funding in Virginia | Swift Deal Funding
Stack (Morby Method) funding in Virginia
Stack funding supplies the cash a Virginia closing needs when a seller carry-back note is covering the buyer’s down payment but the settlement office still requires real funds in escrow to close. We wire that cash to the table; a recorded second-position note then repays our principal plus a flat 2.5%. Funded amounts in Virginia typically run $30,000 to $100,000, with capacity to $10 million per transaction. This is the engine behind Morby Method creative-finance deals across the Commonwealth.
Virginia’s mix of long-term owners and motivated sellers — particularly retirees in Richmond and longtime homeowners in Hampton Roads cashing out around military relocations — produces plenty of seller-carry opportunities. In Northern Virginia’s high-equity market, sellers who’d rather collect interest than take a full cash payout make Stack a natural fit.
How a Stack deal closes in Virginia
Because Virginia is a wet-funding, CRESPA settlement-agent state, the settlement office can disburse against our wire at the table and record the carry-back note immediately afterward. The seller agrees to carry a note covering the down payment plus costs; we wire the cash the closing needs; the settlement agent disburses to the seller and records the seller-carry note in second position; that recorded note repays us our principal plus 2.5%, usually same-day through the office. Confirm the recording sequence with your settlement agent — circuit court recording timelines vary by jurisdiction.
Pricing for Stack in Virginia
Flat 2.5% of the funded amount, collected on the settlement statement. No upfront fee.
| Funded Amount | Fee | Example |
|---|---|---|
| $50,000 | 2.5% | $1,250 |
| $100,000 | 2.5% | $2,500 |
| $500,000 | 2.5% | $12,500 |
| Up to $10,000,000 | 2.5% | $250,000 |
What you’ll need for Stack in Virginia
- Executed purchase contract with seller-financing terms
- A carry-back amount at least covering the required down payment plus closing costs
- A Virginia settlement agent or closing attorney ready to record the second-position note immediately after closing
- Written confirmation from that office that the note will record as agreed
A typical Virginia Stack scenario
An investor structures a subject-to purchase of a Roanoke rental at $240,000. The seller carries back a $50,000 note covering the down payment and costs, but the settlement office needs $50,000 in escrow to close. We wire the $50,000; the closing attorney disburses and records the seller’s second-position note; that note repays us $51,250 (principal plus 2.5%) the same day. The investor wraps the creative-finance purchase without putting any personal cash into the closing.
Apply for Stack funding in Virginia
Submit your contract and seller-financing terms online. We coordinate the carry-back recording directly with your settlement agent or closing attorney.
Frequently Asked Questions
How does the second note get recorded on a Virginia Stack deal? +
Your settlement agent or closing attorney records the seller carry-back note in second position right after the closing instrument. Virginia is a wet-funding state, so the settlement office disburses against our wire at the table; the recorded second note is what repays us, principal plus a flat 2.5%, typically through the settlement office the same day. Recording timelines vary by Virginia circuit court, so confirm with your settlement agent that the second-position note will record as agreed before you close.
Does Stack work for subject-to deals in Virginia? +
Yes — subject-to and other creative-finance structures are exactly where Stack fits. When a Virginia seller carries back a note that covers what would otherwise be the buyer's down payment, title still needs real funds in escrow to close. We provide that cash at the table, and the recorded carry-back note repays us. This is common with motivated sellers holding equity in Richmond and Hampton Roads. Have the seller-financing terms in your contract and confirm the recording plan with your closing attorney.
Is Stack or Echo better for a Virginia wholesaler? +
Stack is built for deals with seller financing, where a carry-back note covers the down payment and gets recorded after closing to repay us. Echo is for straight assignments, where your assignment fee repays us directly at settlement with nothing to record afterward. If your Virginia deal involves a seller carry, owner financing, or subject-to structure, choose Stack. If it's a clean wholesale assignment with a solid fee, choose Echo. Both deliver cash at the closing table.
Apply for Stack Funding in Virginia
Submit your application online — same-day decisions for complete files before 2 PM Eastern.