EMD Funding in Grand Rapids, MI | Swift Deal Funding
EMD Funding in Grand Rapids, MI
EMD funding covers the earnest money deposit on a Grand Rapids purchase contract — typically $5,000–$25,000 — so you can lock up a property without committing your own cash. We wire the deposit directly to the title and escrow company handling the deal, usually within 24 hours of a complete file. The deposit must be refundable under the contract’s inspection or due-diligence terms.
Grand Rapids is an appreciating West Michigan market (median ~$320K) anchored by the furniture industry and the downtown Medical Mile, where good deals in Creston, Eastown, and Wyoming-Kentwood move fast. The play here is often speed — getting under contract before another investor does — so keeping working capital free matters. One local due-diligence note: West Michigan’s tax-foreclosure inventory means a property may sit inside a six-month redemption window, so check redemption and title before you’re committed. EMD funding lets you lock the deal fast while you complete that review and place an end buyer.
How EMD funding works in Grand Rapids
Michigan is a wet-funding state, and closings — along with the earnest money held against them — run through title and escrow companies rather than attorneys. The refundable deposit sits in the title company’s escrow account. We wire within ~24 hours of complete docs and the title company’s written confirmation that the deposit is refundable per the contract. Given the region’s tax-foreclosure inventory, make sure your contract keeps the EMD refundable while you review redemption and disclosure items, and confirm details with your title company.
Pricing
Two options on every EMD, no credit check required:
| 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 per-deal cost (most popular) |
Example: a $7,500 Grand Rapids EMD under Option B costs $1,000 total (the $1,000 minimum applies), paid once, nothing due at closing.
What you’ll need
- Fully executed purchase contract with refundable EMD language
- The Grand Rapids title company’s contact information
- Written confirmation from that title company that the EMD is refundable per the contract
- Your identification
No credit check, no income verification, no tax returns.
A typical Grand Rapids EMD scenario
You’re tying up a value-add ranch in Wyoming, and the seller wants a $7,500 earnest money deposit. The property recently surfaced from tax foreclosure, so you still want to confirm title is clear of any redemption claim before you’re fully committed. Rather than park your own $7,500 during diligence, you have us fund the refundable EMD to the title company’s escrow account within 24 hours, with your contract preserving a refundable path while you check the redemption and disclosure records. Under Option B, your cost is $1,000 (the minimum), and your capital stays free for the next deal.
Apply
Submit your contract and the title company’s contact online — under 10 minutes. Same-day wires are possible for complete files before 11 AM Eastern.
Frequently Asked Questions
Who holds earnest money on a Grand Rapids deal? +
Michigan closes through title and escrow companies, so the refundable earnest money is generally held in the title company's escrow account rather than by an attorney. We wire the deposit directly to that Grand Rapids title office once we have written confirmation it's refundable under the contract. Funding moves within 24 hours of a complete file, which helps when you're locking up appreciating West Michigan inventory in Creston or the Wyoming-Kentwood corridor before another investor does.
Should I check tax-foreclosure history before funding the EMD on a Grand Rapids property? +
It's smart due diligence. West Michigan carries a steady tax-foreclosure inventory, and a property still inside a six-month redemption window can complicate title. We fund only refundable earnest money, so make sure your contract's inspection or due-diligence terms keep the EMD refundable while you review redemption and title status. Your Grand Rapids title company should confirm refundability in writing before we wire the deposit.
How fast can earnest money be funded for a Grand Rapids offer? +
Usually within 24 hours of a complete application and the title company's confirmation. In an appreciating market where good deals move quickly, that speed lets you tie up a bungalow in Creston or a value-add in Kentwood without committing your own cash. Same-day wires are possible before 11 AM Eastern, and we never check credit, income, or tax returns. Michigan also requires no wholesaler license to put a property under contract.
Apply for EMD Funding in Grand Rapids, MI
Submit your application online — same-day decisions for complete files before 2 PM Eastern.