Echo Funding in San Diego, CA | Swift Deal Funding
Echo Funding in San Diego, CA
Echo funding (transactional down-payment funding) supplies the cash an end buyer needs to close, repaid directly from the seller-side proceeds — in a wholesale deal, your assignment fee. When the buyer is short on the down payment but the spread still holds, Echo keeps the deal together. San Diego Echo deals often run $70,000–$250,000 funded, with capacity to $10,000,000 per transaction, at a flat 2.5% fee and no upfront cost.
San Diego is a high-priced coastal market with a median around $950,000. End buyers — flippers and landlords, many of them current or former military households cycling through with PCS moves — stay active on single-family homes in City Heights and Encanto and multifamily in Logan Heights. Down payments are large, which is exactly where Echo earns its keep, especially when a buyer’s cash is briefly tied up between a relocation and a home sale, and California’s dry-funding model frames how the repayment clears.
How Echo closes in San Diego (dry-funding, record-first)
California is a dry-funding, escrow state. The independent San Diego escrow company cannot pay out at signing — disbursement follows recording with the San Diego County Recorder. With Echo:
- We wire the down-payment funds into escrow before closing.
- The deal signs; the deed records with San Diego County.
- Once recording confirms, the escrow company disburses.
- Out of that same disbursement, your assignment fee repays our funded amount plus the flat 2.5%.
Because repayment hinges on recording rather than signing, check your escrow company’s recording cutoff so the disbursement lands the same day instead of slipping to the next morning. In San Diego these typically run through an independent escrow company.
Pricing
Flat 2.5% of the funded amount, collected on the settlement statement at disbursement. No application, origination, or upfront fees.
What you’ll need
- Executed purchase contract (typically the CAR Residential Purchase Agreement)
- Executed assignment contract showing your assignment fee
- Assignment fee ≥ funded down payment + 2.5% fee
- A San Diego escrow company prepared to disburse seller proceeds with the Echo repayment included
No credit check, income verification, or tax returns; California has no wholesaler-licensing statute, so disclose your assignment or equitable interest.
A typical San Diego Echo scenario
You have a City Heights single-family home under contract and assign it to an end buyer at an $710,000 purchase price with an $80,000 assignment fee. The buyer — a Marine household mid-PCS — is $95,000 short on the down payment while their prior home sale clears. We wire $95,000 into your San Diego escrow company. The deal signs, the deed records with San Diego County, and at disbursement escrow repays our $95,000 plus the $2,375 fee from your assignment fee. You net about $77,625, and the buyer closed without the full down payment in hand. Since California pays out post-recording, getting the file in early keeps it same-day.
Apply
Submit your purchase contract and assignment contract online. Before we approve, we verify the assignment fee covers the funded amount. Standard turnaround is ~48 hours.
Frequently Asked Questions
How does Echo funding work with California's record-first escrow rule in San Diego? +
Echo funds your end buyer's down payment and is repaid from seller-side proceeds — your assignment fee. California is a dry-funding, escrow state, so the independent San Diego escrow company disburses only after the San Diego County Recorder confirms the deed records. We wire the down payment into escrow before closing; once the deal signs and records, escrow releases seller proceeds and repays our funded amount plus the flat 2.5% from your assignment fee. Confirm the recording cutoff with your escrow company so disbursement clears the same business day.
Does my San Diego assignment fee need to cover the full Echo amount? +
Yes. Your assignment fee must be at least the funded down payment plus our flat 2.5%, because repayment comes from those seller-side proceeds at disbursement. San Diego's median near $950,000 means down payments run large — and Echo is especially useful when an end buyer is a relocating military household between a PCS payout and selling their last home. We check the assignment contract closely before approval. As long as the fee covers the funded amount plus 2.5%, the Echo repayment clears once San Diego County recording confirms.
Do I need a license to use Echo funding in San Diego? +
No. California has no wholesaler-licensing statute, so you can control and assign a contract without a real estate license — just disclose your assignment or equitable interest. You'll need an executed CAR purchase contract, an assignment contract showing your fee, and a San Diego escrow company ready to disburse with the Echo repayment on the statement. We don't check credit, income, or tax returns. Because California disburses after recording rather than at signing, schedule the close so the San Diego County recording clears within the business day.
Apply for Echo Funding in San Diego, CA
Submit your application online — same-day decisions for complete files before 2 PM Eastern.