EMD Funding in Connecticut | Swift Deal Funding
How EMD Funding works in Connecticut
EMD funding covers the earnest money deposit on your contract — typically $5,000 to $25,000 — so you can tie up a Connecticut property without using your own working capital. We send the deposit directly to whoever holds escrow under your contract, usually within 24 hours of a complete application and confirmation. The EMD must be refundable under the contract’s inspection or due-diligence terms.
Connecticut’s market is steady and higher-priced, but the action is real — Hartford has ranked among the hottest markets in the Northeast, with New Haven, Bridgeport and Waterbury producing assignable deals. With a statewide median around $375,000–$400,000, sellers expect meaningful earnest money, and a funded deposit keeps you competitive without draining cash.
How EMD Funding closes in Connecticut
Connecticut is a wet-funding state and an attorney-closing state. Because a licensed Connecticut attorney conducts the closing, your earnest money is commonly held by that attorney (or the listing broker) in escrow rather than by an independent escrow company. That’s a meaningful difference from title-company states — confirm who holds your EMD before you submit. Wholesaling is permitted statewide if you disclose your equitable interest; there’s no wholesaler-licensing statute. Verify refundability and the escrow holder with your Connecticut closing attorney.
Pricing
Two options on every EMD, regardless of state:
| Option | Upfront | At Close | Best For |
|---|---|---|---|
| A | 5% of EMD (min $500) | 20% of EMD | High close-through rates |
| B | 10% of EMD (min $1,000) | 0% | Predictable cost (most popular) |
Example for Connecticut: a $10,000 EMD under Option B costs $1,000 total, paid once, nothing at closing.
What you’ll need
- Fully executed purchase contract with refundable EMD language
- Escrow holder (closing attorney or broker) contact information
- Written confirmation that the EMD is refundable per contract terms
- Borrower ID
No credit, income, or tax-return checks. Connecticut note: confirm with your attorney whether the firm or the broker holds the deposit so we wire to the right place.
A typical Connecticut EMD scenario
A Hartford wholesaler offers on a two-family and the seller wants a $10,000 earnest money deposit held by the listing broker pending the closing attorney’s review. We wire $10,000 within 24 hours, the offer is accepted, and the wholesaler markets the deal to landlord buyers — without spending their own cash. Under Option B, the cost is a flat $1,000, and the refundable deposit protects them if due diligence ends the deal.
Apply
Submit your contract and escrow holder contact online — under 10 minutes. Same-day wire is possible for complete files before 11 AM Eastern. We coordinate directly with your escrow holder.
Frequently Asked Questions
Where does my EMD go in a Connecticut deal? +
Connecticut is an attorney-closing state, so your earnest money is typically held by the closing attorney (or a broker) in escrow rather than an independent escrow company. We send the EMD — usually $5,000 to $25,000 — to the holder named in your contract within about 24 hours of a complete application and written refundable confirmation. The deposit must be refundable under the contract's inspection or due-diligence terms. Confirm who holds the EMD with your Connecticut closing attorney.
Why do Connecticut wholesalers use EMD funding? +
Hartford has been one of the hottest markets in the Northeast, and competitive offers in Hartford, New Haven and Bridgeport often require a credible earnest money deposit. EMD funding lets you put up a serious deposit and keep pace with cash buyers without tying up your own capital before you've lined up an end buyer or completed due diligence.
How fast can you fund a Connecticut earnest money deposit? +
We send the EMD to the contract's escrow holder within about 24 hours of a complete application and refundable confirmation, with same-day possible for files in before 11 AM Eastern. The application takes under 10 minutes — bring the executed contract with refundable EMD language, the escrow holder's contact, and ID. Coordinate with your closing attorney on who receives the deposit.
Apply for EMD Funding in Connecticut
Submit your application online — same-day decisions for complete files before 2 PM Eastern.