Echo Funding in Oklahoma City, OK | Swift Deal Funding
Echo Funding in Oklahoma City, OK
Echo funding solves a different problem than double close: instead of funding your purchase, it funds your end buyer’s down payment at closing, then gets repaid from the seller-side proceeds — usually your assignment fee. It’s a transactional product for assignment deals where the buyer is a little short on cash to close but the spread is healthy. Swift Deal Funding charges a flat 2.5% of the funded amount, with nothing upfront.
Oklahoma City’s affordability is the backdrop here. With a median near $200,000 and a deep base of energy-sector and entry-level buyers, a lot of OKC assignments stall at the last step not because the deal is bad but because the end buyer needs help bridging the down payment. Echo keeps those Capitol Hill and Del City-adjacent deals from falling apart at the table.
How Echo Closes in Oklahoma City
Oklahoma is a wet-funding, title/escrow state. Your assignment shows the fee, the end buyer’s purchase contract sets the down payment, and one OKC title company disburses our repayment out of the seller proceeds before paying your balance. We fund once title confirms in writing that it can disburse with Echo repayment included.
Because Echo never touches how you acquired or marketed the contract, it sits cleanly alongside Oklahoma’s 2021 Predatory Real Estate Wholesaler Prevention Act — but your equitable-interest disclosure on the assignment itself is still your responsibility. Confirm locally.
Pricing
Flat 2.5% of the funded down payment. No application, origination, or upfront fees — collected on the closing statement.
What You’ll Need
- Executed purchase contract
- Executed assignment showing your fee
- Assignment fee ≥ funded down payment + 2.5%
- Title company ready to disburse seller proceeds with Echo repayment included
Local note: keep your assignment disclosure consistent with the Oklahoma wholesaler act, and line up your OKC title company early so the repayment is built into the closing statement.
A Typical Oklahoma City Echo Scenario
You have a Del City-area bungalow under contract and assign it for a $28,000 fee on a $230,000 sale. Your end buyer is $18,000 short on the down payment. Echo funds the $18,000; the fee runs $450. At closing, the OKC title company disburses $18,450 back to us out of your assignment fee, and you net roughly $9,550 — a deal that would have died on the down payment instead closes on time.
Apply
Submit your purchase contract and assignment online. We verify the fee covers the funded amount before approving. About 48 hours to wire-ready.
Frequently Asked Questions
Does Echo funding conflict with Oklahoma's wholesaler act? +
No. Echo funds the end buyer's down payment and is repaid from the seller proceeds at closing — it doesn't change how you took or marketed your contract. Your obligations under Oklahoma's 2021 Predatory Real Estate Wholesaler Prevention Act (hold a license or disclose equitable interest before marketing) still apply to the assignment itself, and we recommend confirming your disclosure language with an OKC closing attorney. Echo simply makes the down payment available so the deal closes on schedule.
How does Echo get repaid through an Oklahoma City title company? +
Oklahoma is a wet, title/escrow state. Your assignment fee shows on the closing statement as part of the seller-side proceeds, and the OKC title company disburses our repayment — the funded down payment plus the flat 2.5% — directly from those proceeds before paying you the balance. We need written confirmation from title that it's prepared to disburse with Echo repayment included before we fund.
How big does my assignment fee need to be for an OKC Echo deal? +
Your assignment fee must be at least the funded down payment plus the 2.5% Echo fee. On a typical Oklahoma City deal with a $250,000 sale price and a $25,000 fee, a $20,000 down payment funded by Echo costs $500, so $20,500 comes out of your fee and you keep the rest. If the fee can't cover both, the deal doesn't qualify for Echo.
Apply for Echo Funding in Oklahoma City, OK
Submit your application online — same-day decisions for complete files before 2 PM Eastern.