EMD Funding in Ohio | Swift Deal Funding
EMD Funding in Ohio
EMD funding puts up the earnest money your purchase contract requires so you can lock up an Ohio property without spending your own cash. Swift Deal Funding wires the deposit — generally $5,000 to $25,000 — directly to the title company within 24 hours of a complete file. As a direct lender we don’t run credit, verify income, or ask for tax returns; the contract is what we underwrite. The deposit must be refundable under your inspection or due-diligence contingencies.
How EMD funding works in Ohio
Ohio closes through title/escrow companies — no attorney sits in the chain — so the path is direct. Once your contract is signed with refundable EMD language and you give us the title company’s contact, we confirm with that office that the deposit is refundable, then wire it straight into escrow. You get written confirmation of receipt. Because Ohio funds wet, the deposit is held in escrow through closing; if the deal dies inside your contingency window, the deposit comes back per the contract. That refundability is exactly what lets us put our money at risk for you, which is why the contract language matters far more than your balance sheet. In Ohio’s high-volume distressed markets — Cleveland, Dayton, Akron, Youngstown, plus Columbus and Cincinnati — EMD funding is a common tool for running several contracts at once. Confirm escrow handling with your title company.
Pricing
| 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 EMD on an affordable Cleveland deal costs $1,000 under Option B (the $1,000 minimum applies) — paid once, nothing at closing.
What you’ll need
- Fully executed purchase contract with refundable EMD language
- Title company contact information
- Written confirmation from title that the EMD is refundable
- Borrower ID
No credit check, no income verification, no tax returns.
A typical Ohio EMD scenario
A wholesaler spots a vacant duplex in Akron priced well below market and needs to lock it before another investor circles. The seller wants $7,500 earnest money at the title company within 48 hours. With working capital already spread across three other Cleveland-area contracts, he submits the deal to us in the morning. We confirm refundability with the title company and wire the $7,500 into escrow the same afternoon. He locks the property, runs due diligence, and lines up an end buyer — none of it from his own pocket, leaving his cash free for the next deal.
Apply
Start the online application with your contract and Ohio title company contact — most wholesalers finish in under ten minutes. Files in before 11 AM Eastern can wire same-day, keeping your cash free for the next distressed deal.
Frequently Asked Questions
Who holds the earnest money on an Ohio deal? +
The title company handling the closing. Ohio is a title/escrow-closing state, so there's no closing attorney in the chain — we wire the EMD directly to your Cleveland, Columbus, Cincinnati, or Dayton title office and get written confirmation it's received. The deposit must be refundable under your contract's inspection or due-diligence terms so it can be returned if the deal doesn't close.
How fast can you fund earnest money on an Ohio contract? +
Typically within 24 hours of a complete file and title confirmation, with same-day possible for applications in before 11 AM Eastern. In Ohio's fast-moving distressed markets — where investors compete for affordable Cleveland and Dayton inventory — a seller may want EMD posted within a day or two of acceptance. Our turnaround lets you lock the deal without your own cash. We coordinate the wire directly with your title company.
How much EMD funding can I get on an Ohio deal? +
Generally $5,000 to $25,000, sized to the deposit your contract requires. Ohio's low entry prices mean many deals call for deposits at the lower end of that range, which keeps your per-deal cost down. We fund the amount your contract specifies as long as the deposit is refundable per the agreement's contingencies.
Apply for EMD Funding in Ohio
Submit your application online — same-day decisions for complete files before 2 PM Eastern.