EMD Funding in Lexington, KY | Swift Deal Funding
How EMD Funding Works in Lexington, KY
EMD funding lets Lexington wholesalers lock up property without fronting their own earnest money. We send the deposit — usually $5,000 to $25,000 — to the escrow holder in your contract, generally within 24 hours of a complete application. The deposit must be refundable under your inspection or due-diligence contingencies, which keeps your risk and ours contained.
In a Bluegrass market with a median near $280,000, deals move fast on student rentals near the University of Kentucky and on value-add homes near downtown. EMD funding lets you bind multiple contracts and compete with cash buyers without draining working capital.
How EMD Closes in Lexington
Kentucky is an attorney-closing, wet-funding state, so a licensed Kentucky attorney typically holds your earnest money in escrow — not a standalone title company, as in Missouri. We coordinate directly with that attorney: confirm the deposit amount, verify the refundable language, and wire. Because the same attorney later conducts the closing and issues the title opinion, looping them in early keeps the timeline tight. Confirm escrow handling and refund timing with your attorney locally.
Pricing
Two options on every EMD, with nothing else added:
| 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) |
A $15,000 EMD under Option B costs $1,500 total, paid once, with nothing at closing.
What You’ll Need
- Fully executed purchase contract with refundable EMD language
- Lexington closing attorney / escrow contact information
- Written confirmation from the attorney that the deposit is refundable per contract terms
- Borrower identification
No credit check, no income verification, no tax returns.
A Typical Lexington EMD Scenario
You find a motivated seller on a four-bedroom near campus that screams student rental and need to bind it before another investor moves. The contract calls for a $10,000 refundable earnest deposit with a 10-day inspection window. You apply, we confirm refundability with your Lexington closing attorney, and the $10,000 lands in escrow within 24 hours. Under Option B your cost is $1,000, paid once. Your own cash stays free to chase the next Bluegrass deal.
Apply
Submit your contract and the attorney’s contact online — under 10 minutes. Same-day wire is possible for complete files before 11 AM Eastern. We coordinate directly with your Lexington closing attorney.
Frequently Asked Questions
Where does my earnest money go on a Lexington deal? +
We send the earnest money to the escrow holder in your contract — in Kentucky, typically the closing attorney handling the transaction, since Kentucky is an attorney-closing state. We usually fund within 24 hours of a complete application. Your contract must include refundable EMD language tied to inspection or due-diligence contingencies, and we get written confirmation from the attorney that the deposit is refundable per those terms before we wire.
How fast can EMD funding reach a Lexington contract? +
We fund earnest money between $5,000 and $25,000 and can have it at your Lexington closing attorney within 24 hours of a complete file. The Bluegrass market moves quickly around the University of Kentucky and on infill near downtown, where investors compete for student rentals and value-add homes. The wholesaler who can bind a contract fast wins. Send your contract and the attorney's contact and we move the same business day. No credit, income, or tax returns.
Does Kentucky's attorney-closing rule affect EMD funding in Lexington? +
It changes who holds the deposit, not how we fund. In Lexington a Kentucky closing attorney typically holds earnest money in escrow rather than a standalone title company, so we coordinate the confirmation and wire with that attorney. The deposit must be refundable under your contract, which is how we recover it if the deal dies. We do not check credit, verify income, or pull tax returns — your contract and the attorney's confirmation are what we underwrite.
Apply for EMD Funding in Lexington, KY
Submit your application online — same-day decisions for complete files before 2 PM Eastern.