EMD Funding in Tulsa, OK | Swift Deal Funding
How EMD Funding Works in Tulsa, OK
EMD funding fronts your earnest money so you can lock up a Tulsa property without tying up your own cash. Swift Deal Funding wires the deposit — usually $5,000 to $25,000 — straight to the Tulsa title company or closing attorney named on your contract, generally within 24 hours. As long as your contract’s inspection or due-diligence terms keep the deposit refundable, your downside is contained.
In Tulsa, the inspection window does double duty. A lot of midtown and north Tulsa homes sit on shifting red-clay foundations, so the contingency period is when wholesalers both confirm condition and line up an end buyer. EMD funding lets you commit a strong deposit to win the contract and use that window without committing your own capital.
How EMD Closes in Tulsa
Oklahoma is a wet-funding, title/escrow state. The deposit lives with one Tulsa title company or closing attorney from the moment we wire it until closing — or until your contingency triggers a refund. We fund only after the closer confirms in writing that the EMD is refundable per your contract.
EMD funding doesn’t change how you acquire or market the contract, so it’s independent of Oklahoma’s 2021 Predatory Real Estate Wholesaler Prevention Act — but your equitable-interest disclosure obligation on the contract still applies. Confirm locally.
Pricing
| Option | Upfront | At close |
|---|---|---|
| A | 5% of EMD (min $500) | 20% of EMD |
| B (popular) | 10% of EMD (min $1,000) | 0% |
An $8,000 Tulsa deposit under Option B is a flat $1,000 (the minimum), paid once.
What You’ll Need
- Executed purchase contract with refundable EMD language
- Tulsa title company / closing attorney contact
- Written confirmation from the closer that the EMD is refundable
- Your ID
Local note: make sure your due-diligence contingency genuinely covers Tulsa’s common foundation findings, and confirm deposit handling with your closer before we wire.
A Typical Tulsa EMD Scenario
A wholesaler wants a midtown bungalow but suspects the red-clay slab has moved. They write a $7,500 earnest deposit with a firm inspection contingency. Under Option B the cost is $1,000. We wire $7,500 to the named Tulsa title company within 24 hours, the offer is accepted, and the inspection confirms the foundation is workable — so they assign to a rehab buyer, none of their own cash ever tied up.
Apply
Submit your contract and title contact online — about ten minutes. Same-day wire is possible for complete files before 11 AM Eastern.
Frequently Asked Questions
Where does my earnest money sit on a Tulsa deal? +
With the Tulsa title company or closing attorney named in your contract. We wire the EMD — typically $5,000 to $25,000 — directly to that escrow, usually within 24 hours of a complete file. Oklahoma is a wet, title/escrow state, so the deposit stays with the closer until closing or until your inspection or due-diligence contingency triggers a refund back to us. We need the closer's contact and written confirmation the EMD is refundable.
Will a Tulsa foundation problem put my earnest deposit at risk? +
Not if your contract keeps the EMD refundable through inspection. Tulsa's red-clay soils make foundation movement a frequent inspection finding, so a properly written due-diligence contingency lets you walk and get the deposit back if the structural picture is worse than expected. That refundability is exactly what we require before funding — the deposit comes back to us, not out of your pocket, if the deal dies in due diligence.
What does an EMD cost on a typical Tulsa contract? +
Two options. Option A is 5% upfront (minimum $500) plus 20% of the EMD at closing. Option B — the popular one — is 10% upfront (minimum $1,000) with nothing at closing. On a common $8,000 Tulsa earnest deposit, Option B is a flat $800 — though the $1,000 minimum applies, so budget $1,000. Given Tulsa's roughly $200,000 median, deposits usually run $5,000–$10,000.
Apply for EMD Funding in Tulsa, OK
Submit your application online — same-day decisions for complete files before 2 PM Eastern.