Echo Funding in Baltimore, MD | Swift Deal Funding
Echo Funding in Baltimore, MD
Echo funding fronts the end buyer’s down payment at closing so a Baltimore assignment deal can close even when your buyer is short on cash at the table. Swift Deal Funding is a direct lender; the advance repays the same day out of the seller’s proceeds — in a wholesale deal, your assignment fee. The cost is a flat 2.5% of the funded amount, nothing upfront. With Baltimore homes around $200,000, Echo most often covers $12,000–$25,000 down-payment gaps on assignment deals from Canton to Hampden, with capacity to $10M.
No credit check, no income verification, no tax returns.
How Echo closes in Baltimore
Maryland is a wet-funding state: settlement runs through a title company or a settlement attorney, and our funds sit in escrow before closing. On closing day we cover the end buyer’s down payment; when the seller’s proceeds disburse, your assignment fee repays our advance plus the 2.5% fee straight off the settlement statement.
The Baltimore wrinkle is what can hold up that disbursement. Many older rowhomes sit on ground-rent lots — leased land with a small annual ground rent owed to a holder — which has to be identified and resolved in title before the agent can pay out. Because Echo repays from those proceeds, a ground-rent snag delays your repayment, so open title early. Note too that block-by-block value swings make assignment fees uneven across neighborhoods, which is why we verify your fee clears the advance plus 2.5%. Confirm specifics with a local Maryland closing professional.
Pricing
Flat 2.5% of the funded amount. No application, origination, or upfront fees. Collected through the settlement statement.
What you’ll need
- Executed purchase contract
- Executed assignment contract showing your assignment fee
- Assignment fee large enough to cover the funded down payment plus 2.5%
- Title company or attorney ready to disburse with the Echo repayment included
Baltimore note: confirm any ground rent on the parcel is identified and resolved so settlement disbursement — and your repayment — isn’t delayed.
A typical Baltimore Echo scenario
You’ve assigned a Canton rowhome to an end buyer at $235,000 for a $24,000 assignment fee. Your buyer is $15,000 short on the down payment the morning of closing. Echo funds the $15,000 to the title company; our fee is $375. When the deal settles, your $24,000 fee repays the $15,000 advance plus the $375 fee, and you net about $8,625 — instead of losing the deal at the table.
Echo vs. Stack in Baltimore
Both front cash at closing; they differ in repayment. Echo repays from your assignment fee in the seller’s proceeds — best when the fee is substantial. Stack repays through a recorded second-position note when seller financing is part of the deal. Choose Echo for fat-fee assignments; choose Stack for seller-carry structures.
Apply
Submit your purchase and assignment contracts online. We verify the fee covers the advance plus 2.5% before approval. Standard turnaround is about 48 hours.
Frequently Asked Questions
Do Baltimore ground rents affect an Echo deal? +
Not the funding mechanics — Echo turns on the assignment fee and the settlement disbursement, not the land tenure. But many older Baltimore rowhomes sit on ground-rent lots, and any ground rent has to be identified and resolved in the title work before the settlement agent can disburse. Since Echo repays from those proceeds, a ground-rent issue that stalls disbursement stalls your repayment. Open title early so the parcel is clean when the deal is ready to close.
Is my Baltimore assignment fee big enough for Echo? +
Your assignment fee must cover the funded down payment plus our flat 2.5%. With Baltimore values near $200,000, fees vary sharply block to block — a strong Canton or Hampden assignment can carry a $20,000–$30,000 fee that easily covers a $15,000 funded down payment plus the fee, while a thin deal in a softer pocket may not pencil. We verify the math before approval. If the fee clears the advance plus 2.5%, Echo works.
Who repays Echo at a Maryland settlement? +
The title company or settlement attorney does, off the settlement statement. Maryland is a wet-funding state, so funds are in escrow before closing; when seller proceeds disburse, your assignment fee repays our down-payment advance plus 2.5% at the same table. There's no second note and no post-closing collection. The settlement agent must be ready to disburse with the Echo repayment built into the statement — confirm that when you open the file.
Apply for Echo Funding in Baltimore, MD
Submit your application online — same-day decisions for complete files before 2 PM Eastern.