Echo Funding in Ohio | Swift Deal Funding
Echo Funding in Ohio
Echo funding covers the cash an end buyer needs for their down payment at closing, repaid directly from the seller’s proceeds — which on a wholesale deal is your assignment fee. For Ohio wholesalers, that lets a cash-light buyer close while you collect your fee at the table. Swift Deal Funding is a direct lender, so there’s no credit, income, or tax review. In Ohio’s affordable, high-volume markets funded down payments typically run $15,000–$60,000, capacity to $10 million, at a flat 2.5%.
How Echo closes in Ohio
Ohio is a title/escrow-closing, wet-funding state, so the mechanics run through a title company and settle at the table — no closing attorney needed. We wire the funded down payment into the title company’s escrow ahead of closing. The purchase contract and assignment are signed, and because Ohio funds wet, the title office disburses at the closing — proceeds to the seller, our advance plus the 2.5% fee repaid from your assignment fee, and your net to you. No waiting on recording for money to move. Across Ohio’s strong wholesale markets — Cleveland, Columbus, Cincinnati, Dayton, Akron — the assignment and disbursement instructions go to your title company, which controls escrow. Build the Echo repayment into the disbursement schedule with that title office before you set a closing date.
Pricing
Flat 2.5% of the funded amount. No application fee, no origination fee, nothing upfront — collected through the closing statement and netted from your assignment fee.
What you’ll need
- Executed purchase contract
- Executed assignment showing your assignment fee
- Assignment fee ≥ funded down payment + 2.5% fee
- Title company ready to disburse with the Echo repayment included
- All parties aligned on the closing timeline
A typical Ohio Echo scenario
A wholesaler in Dayton has a buyer who’s approved on financing but short on closing cash. Purchase price is $135,000 with a $22,000 assignment fee. The buyer needs $13,000 for the down payment, which we fund into the title company’s escrow. Ohio funds wet, so at closing the title office disburses: our $13,000 plus the 2.5% fee ($325) comes out of the assignment fee, and the wholesaler nets $8,675. The buyer brought far less cash to a deal that closes at the table the same day.
Apply
Apply online with your purchase and assignment contracts. After we confirm the assignment fee covers the funded amount plus 2.5%, we coordinate disbursement with your Ohio title company. Turnaround runs about 48 hours.
Frequently Asked Questions
How does Echo funding work at an Ohio closing? +
Echo funds your end buyer's down payment so the deal can close, repaid from the seller proceeds — your assignment fee — at disbursement. Ohio is a title/escrow-closing state, so the funded down payment sits in the title company's escrow and that office handles disbursement; no closing attorney is required. Because Ohio funds wet, repayment happens at the table: our advance plus the flat 2.5% fee comes out of your assignment fee before your net releases. Confirm the disbursement order with your title company.
Do Ohio's low prices affect Echo down-payment amounts? +
Yes, in your favor on the math. Ohio's affordable Cleveland, Dayton, and Akron inventory means down payments are often smaller, so even a moderate assignment fee comfortably covers the funded amount plus our 2.5%. On a typical Ohio wholesale flip, a $20,000–$30,000 assignment fee easily covers a $10,000–$20,000 funded down payment with room to profit. We confirm the fee clears the math before approving.
What does Echo funding cost in Ohio? +
A flat 2.5% of the funded amount — no application fee, no origination fee, nothing upfront. It's collected through the closing statement and netted from your assignment fee when the title company disburses. Because Ohio funds wet, that repayment settles at the table rather than after recording, but the cost is identical to every state we fund in.
Apply for Echo Funding in Ohio
Submit your application online — same-day decisions for complete files before 2 PM Eastern.