EMD Funding in Michigan | Swift Deal Funding
How EMD funding works in Michigan
EMD funding fronts the earnest money deposit on a Michigan deal — typically $5,000 to $25,000 — and wires it directly to the title company holding escrow within 24 hours of a complete application. The deposit must be refundable under the contract’s inspection or due-diligence terms, so your money is protected if you walk during the contingency window.
Michigan is one of the most active wholesale markets in the country, anchored by Detroit’s low entry prices and deep distressed inventory across Detroit, Warren, Dearborn, Flint and Pontiac. On cheap properties, earnest money is often just a few thousand dollars — frequently right around our $5,000 minimum — and wholesalers here tend to run multiple offers at once. EMD funding lets you keep deposits live on several contracts without committing your own cash to any single deal that might not clear due diligence.
Pricing
Two flat-fee options on every EMD, anywhere in Michigan:
| 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 $5,000 EMD on a Detroit deal under Option B costs $1,000 total — paid once, nothing at closing.
What you’ll need
- Executed contract with refundable EMD language
- Title company / escrow agent contact information
- Written confirmation from the title company that the deposit is refundable per contract terms
- Borrower identification
No credit check, no income verification, no tax returns. Michigan note: confirm the title company named to hold escrow so we wire to the correct party.
A typical Michigan EMD scenario
You’re chasing three distressed singles on Detroit’s west side, each wanting a $5,000 deposit. Locking all three with your own cash would tie up $15,000 before you’ve finished due diligence. Instead you use EMD funding under Option B: we wire $5,000 to each deal’s title company within 24 hours, you pay $1,000 per deal once, and every deposit is refundable if you cancel within the inspection window. Your working capital stays free to chase the next opportunity.
Apply
Submit your contract and the title company’s contact online — usually under 10 minutes. Same-day wire is possible for complete files before 11 AM Eastern. We coordinate directly with your title company.
Frequently Asked Questions
How small are earnest money deposits on Michigan wholesale deals? +
On low-priced Detroit-area inventory, sellers often accept earnest money in the low thousands, so many Michigan deposits land near our $5,000 minimum funded amount. We fund EMDs from $5,000 to $25,000 and wire to the title company within 24 hours. Because Detroit-metro wholesalers frequently run several offers at once, EMD funding lets you cover deposits across multiple low-dollar contracts without draining your own cash on any single one.
Who holds the deposit in a Michigan transaction? +
Michigan closes through title companies and escrow agents, so the earnest money is typically held in escrow by the title company named in the contract rather than by an attorney. We wire our EMD funds directly to that title company within 24 hours of a complete application and written confirmation that the deposit is refundable under the contract's contingencies. The money never passes through the buyer — it goes straight to the contractual escrow holder.
Will EMD funding work on a Detroit land-contract or wholesale deal? +
EMD funding covers the refundable earnest money deposit on a standard purchase contract, which is the most common Michigan wholesale setup. As long as the contract has refundable EMD language tied to inspection or due-diligence contingencies and a title company is named to hold escrow, we can fund it. For creative structures, send the contract and we'll confirm the deposit qualifies before wiring. Disclose your equitable interest as the standard rule expects.
Apply for EMD Funding in Michigan
Submit your application online — same-day decisions for complete files before 2 PM Eastern.