Echo Funding in Des Moines, IA | Swift Deal Funding
Echo Funding in Des Moines, IA
Echo funding supplies the cash for your end buyer’s down payment at closing and is repaid directly from the seller-side proceeds — your assignment fee. In Des Moines, that’s a frequent fit on rental and value-add deals where the end buyer is qualified but light on closing cash. With a stable insurance-capital economy anchored by Principal and Nationwide and a median sale price around $220,000, investors buy early-1900s frame homes and bungalows across Drake, Highland Park, the East Side, and Beaverdale. A tight down payment shouldn’t sink a clean assignment. Instead of fronting an entire purchase price, you fund only the down payment, and your assignment fee carries the repayment. Flat 2.5% fee, no upfront cost.
How Echo funding closes in Des Moines
Iowa is a wet-funding state, and closings run through a title/closing company using an abstract of title plus an Iowa Title Guaranty certificate rather than standard title insurance. We wire the down-payment funds ahead of closing. At the table the closing company closes the deal, disburses the seller’s proceeds, and repays our funded amount plus the 2.5% fee from your assignment fee on the settlement statement. Standard turnaround is about 48 hours from a complete file; same-day is possible for files in before 11 AM Eastern. The gate is simple: your assignment fee must exceed the funded down payment plus our fee, and the closing company must be ready to disburse our repayment with the abstract current.
Pricing
Flat 2.5% of the funded amount. No application, origination, or upfront fees — collected through the settlement statement at close.
What you’ll need
- Executed purchase contract
- Executed assignment contract showing your fee
- An assignment fee large enough to cover the funded down payment plus the 2.5% fee
- A Des Moines-area closing company ready to disburse with our Echo repayment included
No credit check, income verification, or tax returns. Local note: because Iowa relies on an abstract of title and Iowa Title Guaranty, confirm the abstract continuation is done early so the closing isn’t held up while your funded down payment sits in escrow.
A typical Des Moines Echo scenario
You assign a $210,000 Highland Park rental to an end buyer for a $20,000 assignment fee. The buyer is approved but short the $15,000 down payment. Echo funds the $15,000 ahead of closing. At the closing table the company closes the deal and, from your $20,000 fee, repays us $15,000 plus a $375 fee (2.5%). You net about $4,625, the buyer brings far less cash, and none of your capital is tied up.
Apply
Upload your purchase contract and assignment showing the fee — we verify the fee covers the funded amount before approval.
Frequently Asked Questions
How is Echo repaid on a Des Moines deal? +
Through the closing company's escrow. Iowa is a wet-funding state where closings run through a title/closing company using an abstract of title and Iowa Title Guaranty. Echo funds your end buyer's down payment ahead of closing, and the closing company repays us from the seller-side proceeds — your assignment fee — directly on the settlement statement. The non-negotiable is that your assignment fee covers the funded down payment plus our flat 2.5%. Confirm the closing company will disburse our Echo repayment as structured before closing day.
When does Echo beat a double close in Des Moines? +
Echo fits when your Des Moines end buyer is qualified but short on down-payment cash while you carry a solid assignment fee — common on rental deals in Drake, Highland Park, and the East Side, where landlord demand is steady. Rather than fronting the full purchase like a double close, Echo covers only the down payment and is repaid from your fee at a flat 2.5%, leaving one less leg for the closing company to sequence. If the buyer is all cash, or there's no real assignment fee, a double close usually fits better.
Do I need a license to assign a Des Moines wholesale deal? +
No. Iowa doesn't require a wholesaler license to assign contracts, though you should disclose the assignment so the fee and our Echo repayment are transparent on the settlement statement. Keep in mind Iowa runs on an abstract of title rather than standard title insurance, so the abstract should be current. We're a direct lender — no credit, income, or tax review — so approval rests on the purchase contract, the assignment showing your fee, and the closing company being ready to disburse our repayment.
Apply for Echo Funding in Des Moines, IA
Submit your application online — same-day decisions for complete files before 2 PM Eastern.