Echo Funding in Lubbock, TX | Swift Deal Funding
Echo Funding in Lubbock, TX
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 Lubbock, where a median near $230,000 keeps deals affordable but buyers still need closing cash, that’s a frequent fit. Investor-active pockets near Texas Tech and in North and East Lubbock produce deals where the end buyer is qualified but light on down-payment funds. 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 Lubbock
Texas is a wet-funding, title-company state — money is in escrow before disbursement and a title company conducts the closing, no attorney required. We wire the down-payment funds ahead of the closing date. At the table the title 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 title company must be ready to disburse our repayment.
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 Lubbock title company ready to disburse with our Echo repayment included
No credit check, income verification, or tax returns. Local note: because Lubbock closings run through the title company, confirm the office will disburse our Echo repayment from your assignment fee exactly as structured before the deal goes to the table.
A typical Lubbock Echo scenario
You assign a $210,000 home near the Texas Tech campus to a buy-and-hold investor for a $22,000 assignment fee. The buyer is approved but short the $18,000 down payment. Echo funds the $18,000 ahead of closing. At the table the title company closes the deal and, from your $22,000 fee, repays us $18,000 plus a $450 fee (2.5%). You net about $3,550, 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 does Echo repayment work through a Lubbock title company? +
Texas closes at title companies, not attorneys, so your Lubbock title office handles the disbursement. Echo funds your end buyer's down payment ahead of closing, and the title company repays us straight from the seller-side proceeds — your assignment fee — on the settlement statement. The one hard rule is that your assignment fee must cover the funded down payment plus our flat 2.5%. Confirm with your title company that they will disburse our Echo repayment from the assignment fee exactly as structured before the deal goes to the table.
When does Echo beat a double close on a Lubbock deal? +
Echo fits when your end buyer is qualified but short on closing cash and you're carrying a solid assignment fee — a common pattern on Tech Terrace rentals and North Lubbock value-add deals. 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%, which also keeps the close to a single transaction. If the buyer is all cash or there's no real assignment fee, a double close usually fits better. We never pull credit, income, or tax records.
Do I need a license to use Echo funding in Lubbock? +
No. Texas does not require a wholesaler license to assign a contract, so Lubbock investors can run Echo deals without one. You should still disclose the assignment so your fee and our Echo repayment are transparent on the settlement statement at the title company. We're a direct lender — no credit, income, or tax review — so approval rests on the purchase contract, the assignment showing your fee, that fee covering the funded amount plus 2.5%, and the title company being ready to disburse our repayment.
Apply for Echo Funding in Lubbock, TX
Submit your application online — same-day decisions for complete files before 2 PM Eastern.