EMD Funding in Maine | Swift Deal Funding
How EMD Funding Works in Maine
EMD funding puts up the earnest money deposit so you can lock a Maine property without committing your own cash. We wire the deposit directly to the closing attorney’s office named in your contract, usually within 24 hours of a complete application and confirmation. The deposit stays refundable to you under the contract’s inspection or due-diligence terms.
Maine is a small, seasonal market where good deals can be hard to replace, so the ability to lock a property quickly matters. Most activity is in Greater Portland, with Bangor and Lewiston-Auburn adding modest flow. Deposits here are usually small, which keeps EMD funding inexpensive while letting you keep more than one contract open at a time without tying up your own cash.
Pricing for EMD Funding in Maine
Two flat-fee options on every deposit:
| 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) |
On a small Maine deposit, the $500 / $1,000 minimums usually govern. A $5,000 Portland EMD under Option B costs $1,000 total — paid once, nothing at closing.
Document Requirements
- Executed purchase contract with refundable EMD language
- Maine closing attorney / settlement office contact
- Written confirmation from the attorney that the EMD is refundable per contract
- Your ID
No credit check, no income verification, no tax returns. Local note: Maine earnest money usually sits in the closing attorney’s trust account — get the attorney’s written refundability confirmation, which is the document we release against.
Why Maine Investors Use EMD Funding
In a thin market, the deals you find are worth protecting. EMD funding lets you tie up a Portland or Bangor property the moment you find it, without parking your own cash in escrow while you finish due diligence or line up a buyer. That keeps your working capital free for marketing and the next contract instead of frozen across deposits.
Apply for EMD Funding in Maine
Submit your contract and Maine closing attorney contact online — about ten minutes. Complete files before 11 AM Eastern can wire same-day. We coordinate directly with the attorney’s office.
Frequently Asked Questions
Where is my Maine earnest money held? +
With the closing attorney's office handling the deal. Maine is an attorney-closing state, so earnest money is typically held in the attorney's trust account rather than at a standalone title company. We wire the deposit directly to that attorney — usually within 24 hours of a complete file and confirmation — and never to you. You provide the attorney's contact and the executed contract; we handle the wire and confirm receipt.
What earnest money amounts are typical in Maine? +
Maine deposits tend to be modest given the state's lower price points and thinner inventory — many Portland and Bangor contracts call for only a few thousand dollars, though we can fund up to about $25,000 when a larger deposit strengthens an offer. We fund whatever the contract specifies, with a $500 minimum fee under Option A and a $1,000 minimum under Option B, provided the EMD is refundable.
Does the EMD have to be refundable in Maine? +
Yes. We fund only earnest money that's refundable to you under the contract's inspection or due-diligence terms, and we ask the closing attorney to confirm that in writing before we release. Because Maine is a wet-funding, attorney-closing state, the deposit genuinely sits in the attorney's trust account, which keeps the refundability mechanics clean. If your contract makes the EMD non-refundable, we can't fund it.
Apply for EMD Funding in Maine
Submit your application online — same-day decisions for complete files before 2 PM Eastern.