Echo Funding in Seattle, WA | Swift Deal Funding
Echo Funding in Seattle, WA
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. It keeps a deal alive when the buyer is short on the down payment but the spread holds. Seattle Echo deals run larger than most markets given local prices, typically $40,000–$150,000 funded, with capacity to $10,000,000 per transaction, at a flat 2.5% fee and no upfront cost.
Seattle is a high-cost tech market with a median around $870,000. Demand stays strong on value-add homes in Beacon Hill, Rainier Valley, and White Center, where flippers and landlords compete for inventory. Because down payments scale with those prices, matching the right deal to Echo matters, and Washington’s dry-funding model frames how the repayment clears.
How Echo closes in Seattle (dry-funding, record-first)
Washington is a dry-funding state. The Seattle escrow company cannot pay out at signing — disbursement follows recording with the King County Recorder. With Echo:
- We wire the down-payment funds into escrow before closing.
- The deal signs; the deed records with King County.
- Once recording confirms, the escrow company disburses.
- Your assignment fee repays our funded amount plus the flat 2.5% in that same disbursement.
Repayment is tied to recording, not signing, so confirm your escrow company’s King County recording cutoff to keep disbursement same-day rather than rolling to the next morning.
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
- Executed assignment contract showing your assignment fee
- Assignment fee ≥ funded down payment + 2.5% fee
- A Seattle escrow company prepared to disburse seller proceeds with the Echo repayment included
No credit check, income verification, or tax returns; no Washington wholesaler license required — disclose your equitable interest.
A typical Seattle Echo scenario
You have a Beacon Hill home under contract and assign it to an end buyer at an $820,000 purchase price with a $70,000 assignment fee. The buyer is $55,000 short on the down payment. We wire $55,000 into your Seattle escrow company. The deal signs, the deed records with King County, and at disbursement escrow repays our $55,000 plus the $1,375 fee from your assignment fee. You net about $13,625, and the buyer closed without the full down payment in hand. Because Washington disburses post-recording, an early file keeps it same-day.
Apply
Submit your purchase contract and assignment contract online. We confirm the assignment fee covers the funded amount before approval. Standard turnaround is ~48 hours.
Frequently Asked Questions
How does Echo funding work with Washington's record-first rule in Seattle? +
Echo funds your end buyer's down payment and is repaid from seller-side proceeds — your assignment fee. Washington is a dry-funding state, so the Seattle escrow company disburses only after the deed records with King County. 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% out of your assignment fee. Confirm the King County recording cutoff with your escrow company so disbursement clears the same business day.
Does Seattle's high price point change how Echo is sized? +
It can. With a median near $870,000, down payments on Seattle deals run larger, so the funded Echo amount is often bigger than in cheaper markets — but the rule is the same: your assignment fee must be at least the funded down payment plus our 2.5%. On a $900,000 purchase, a buyer's down payment shortfall could run well into five figures, so we check the assignment contract closely. As long as the fee covers funded amount plus 2.5%, repayment clears when King County recording confirms.
Do I need a license to use Echo funding in Seattle? +
No Washington wholesaler or real estate license is required to control and assign a contract — disclose your equitable interest and keep the paperwork clean. You'll need an executed purchase contract, an assignment contract showing your fee, and a Seattle escrow company ready to disburse with the Echo repayment on the statement. We don't check credit, income, or tax returns. Because Washington disburses after recording rather than at signing, schedule the close so the King County recording clears within the business day.
Apply for Echo Funding in Seattle, WA
Submit your application online — same-day decisions for complete files before 2 PM Eastern.