EMD Funding in Knoxville, TN | Swift Deal Funding
EMD Funding in Knoxville, TN
EMD funding covers the earnest money deposit on your Knoxville contracts — typically $5,000 to $25,000 — wired to your title company within about 24 hours so you can lock up a property without spending your own cash. With Knoxville pulling steady relocation demand at a median around $330K, well-priced homes in Old North Knoxville, South Knox, and Fountain City don’t sit long. EMD funding lets you tie several up while you match them to relocating buyers and investors, keeping your working capital free. The deposit must be refundable under your contract’s inspection or due-diligence terms.
How EMD funding works in Knoxville
Tennessee is a title/escrow, wet-funding state, so your earnest money is held by the closing escrow agent — a licensed Knoxville title company, no attorney required. We wire the funded EMD straight to that title office, where it sits in escrow under your contract, never released to the seller before closing. We need written confirmation from title that the EMD is refundable per your terms before we fund. Confirm refund handling and any non-refundable date with title locally.
Pricing
| Option | Upfront | At Close |
|---|---|---|
| A | 5% of EMD (min $500) | 20% of EMD |
| B | 10% of EMD (min $1,000) | 0% — most popular |
A $12,000 Knoxville EMD on Option B costs $1,200 total, paid once, with nothing due at closing.
What you’ll need
- Executed purchase contract with refundable EMD language
- Knoxville title company / escrow contact
- Written confirmation from title that the EMD is refundable
- Your ID
No credit, income, or tax docs.
A typical Knoxville EMD scenario
You go under contract on a $285,000 home in South Knox that’s attracting relocation interest. The seller wants $8,000 earnest money to hold it. Rather than commit your own cash while you shop it to your buyer list, you order EMD funding. We wire $8,000 to the Knoxville title company within 24 hours; on Option B your cost is $1,000 (the minimum), paid once. If due diligence kills the deal, the deposit comes back refundable.
Apply
Submit your contract and title contact online — under 10 minutes. Same-day wire possible before 11 AM Eastern.
Frequently Asked Questions
Why do Knoxville wholesalers use EMD funding? +
Knoxville's relocation-driven demand keeps good entry-level inventory moving in Old North Knoxville, South Knox, and Fountain City. EMD funding lets you put real earnest money behind contracts to lock up properties while you match them to relocating buyers and investors — without draining your own cash. We send the deposit, typically $5,000–$25,000, to your Knoxville title company within about 24 hours, and it stays refundable under your contract's inspection or due-diligence terms.
Who holds the earnest money on a Knoxville deal? +
In Tennessee the earnest money goes to the closing escrow agent — a licensed Knoxville title company, with no attorney-closing requirement. We wire the funded EMD directly to that title office, not to the seller, and it's held in escrow per your contract. Before we fund, we need written confirmation from title that the deposit is refundable under your contract terms, so your downside is protected if the deal falls through during due diligence.
How fast can you fund earnest money on a Knoxville contract? +
We wire the EMD to your Knoxville title company within about 24 hours of a complete application and title confirmation. For tight deposit deadlines, same-day funding is possible for complete files in before 11 AM Eastern. The application takes under 10 minutes: the contract with refundable EMD language, your title contact, and ID. We don't check credit, verify income, or require tax returns — the deal documents underwrite the funding.
Apply for EMD Funding in Knoxville, TN
Submit your application online — same-day decisions for complete files before 2 PM Eastern.