EMD Funding in San Diego, CA | Swift Deal Funding
How EMD Funding Works in San Diego, CA
EMD funding covers the earnest money deposit on your San Diego contract — typically $5,000 to $25,000 in this market — wired directly to your independent California escrow company, usually within 24 hours of a complete file. The contract’s contingency or inspection terms must make the deposit refundable. That lets you tie up the property without putting your own cash at risk before you’ve lined up an end buyer or run your numbers.
San Diego is a high-priced coastal market with a median around $950,000. Inventory turns over on single-family homes in City Heights and Encanto and multifamily in Logan Heights, where flippers and landlords compete — and Prop 19 keeps a steady flow of inherited and probate properties hitting the market. Deposits skew to the higher end in this market, so staying liquid across several live contracts is what lets a wholesaler scale here.
How it closes in San Diego (escrow state)
California closings run through an independent escrow company, which holds the earnest money. We wire the deposit straight to your San Diego escrow company once we have written confirmation it’s refundable per the CAR contract’s contingency period. California is also a dry-funding state — sale proceeds disburse only after the San Diego County deed records — but that affects the final close, not the deposit. If you cancel inside the contingency window, the deposit flows back through escrow to us, documented and clean.
Pricing
Two fixed options on every EMD:
| 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 typical $15,000 San Diego EMD under Option B costs $1,500 total — paid once, nothing at closing.
What you’ll need
- Executed purchase contract with refundable EMD language (typically the CAR Residential Purchase Agreement)
- San Diego escrow company contact information
- Written confirmation from escrow that the EMD is refundable per the contract
- Your ID
No credit check, income verification, or tax returns; California has no wholesaler-licensing statute.
A typical San Diego EMD scenario
You go under contract on an Encanto inherited home — a Prop 19 sale the heirs want closed quickly — and they want a $15,000 earnest money deposit. Instead of spending your own cash, you send us the contract and your escrow company’s details. Within 24 hours we wire $15,000 to your San Diego escrow company. The contingency period shields the deposit while you assign the contract to a flipper. Under Option B your cost is a flat $1,500, and your capital stayed free for the next City Heights deal.
Apply
Submit your contract and escrow company contact online — under 10 minutes. Complete files in before 11 AM Eastern can wire the same day. We coordinate directly with your San Diego escrow company.
Frequently Asked Questions
Where does earnest money go on a San Diego deal? +
California is an escrow state, so your earnest money is held by an independent escrow company, not an attorney. We wire the deposit — usually $5,000 to $25,000 in this market — straight to your San Diego escrow company within 24 hours of a complete file and written confirmation the EMD is refundable. The deposit holds your contract while you finish due diligence or line up an end buyer in City Heights, Logan Heights, or Encanto. Many San Diego deals move fast, so a credible deposit matters.
Does California's dry-funding rule affect EMD funding in San Diego? +
Not for the deposit itself. Dry-funding governs when sale proceeds disburse at closing — only after the San Diego County deed records — but earnest money is simply held against your contract during the inspection and contingency period. What matters for EMD funding is that the deposit is refundable under your CAR contract's contingency terms and the escrow company confirms it in writing. If you cancel within that window, the deposit returns from the San Diego escrow company back to us, with none of your own capital exposed.
Why do San Diego wholesalers use EMD funding? +
San Diego's median near $950,000 pushes deposits toward the high end of the $5,000–$25,000 range, and Prop 19 has produced a steady flow of inherited-property deals worth chasing — but you can't tie up that much cash on every contract. EMD funding lets you put up a credible deposit on each deal — an Encanto probate sale, a Logan Heights duplex — without spending your own funds, and because an independent California escrow company holds the money, it's clean and documented. You pay a fixed per-deal cost and stay liquid.
Apply for EMD Funding in San Diego, CA
Submit your application online — same-day decisions for complete files before 2 PM Eastern.