EMD Funding in Virginia | Swift Deal Funding
How EMD funding works in Virginia
EMD funding puts up the earnest money deposit so you can lock a Virginia contract without spending your own cash. We wire the deposit — $5,000 to $25,000 — directly to the settlement agent or closing attorney holding escrow, usually within 24 hours of a complete application. The deposit has to be refundable under your contract’s inspection or due-diligence contingencies, so if a deal dies inside those windows, the money comes back through the settlement office.
This is a real edge in Virginia’s competitive corners. In the DC-metro suburbs, listings draw multiple offers and sellers favor strong earnest money; EMD funding lets you match a serious deposit without locking up capital. In Hampton Roads, where military turnover keeps fresh inventory cycling through Norfolk and Virginia Beach, EMD funding lets you tie up several contracts at once and decide which to push to settlement.
Pricing for EMD funding in Virginia
Two 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% | One predictable cost (most popular) |
A $15,000 EMD under Option B costs $1,500, paid once, nothing at settlement.
What you’ll need for EMD funding in Virginia
- Executed purchase contract with refundable EMD language
- Virginia settlement agent or closing attorney escrow contact
- Written confirmation from that office that the deposit is refundable per your contract
- Your ID
No credit, income, or tax documents.
A typical Virginia EMD scenario
A wholesaler spots a Henrico County property and needs to beat two cash offers. The listing wants $10,000 earnest money. Rather than wire personal funds, the wholesaler applies before 11 AM; we confirm the refundable contingency language with the Richmond settlement office and wire $10,000 the same day. Under Option B, the cost is a flat $1,000. The wholesaler ties up the deal, finds an end buyer during the inspection period, and keeps their own cash free for the next contract.
Apply for EMD funding in Virginia
Submit your contract and your settlement agent’s escrow contact online — under ten minutes. Same-day wire for complete files in before 11 AM Eastern. We coordinate the deposit directly with your settlement office.
Frequently Asked Questions
Where does my EMD go on a Virginia deal? +
We wire the earnest money straight to the Virginia settlement agent or closing attorney holding escrow for your contract — not to you. Under CRESPA, that office is the licensed escrow holder, and we need their contact and written confirmation that the deposit is refundable per your contract's contingencies. The wire typically lands within 24 hours of a complete file. This keeps your EMD in a regulated settlement escrow from day one, which sellers and listing agents in Northern Virginia expect to see.
Is my earnest money refundable if a Virginia deal falls through? +
Only if your contract makes it refundable. We fund EMD on deals where the standard Virginia inspection, financing, or due-diligence contingencies let you recover the deposit if you walk inside those windows. The contract must contain that refundable language and your settlement agent must confirm it in writing before we wire. If you cancel within the contingency period, the deposit returns to us through the settlement office. Always confirm your specific contingency terms with your agent or attorney.
How much EMD funding can I get for a Virginia contract? +
We fund earnest money from $5,000 to $25,000 per deal, which covers the typical 1–3% deposits sellers expect across Richmond, Hampton Roads, and the DC-metro suburbs. On higher-priced Northern Virginia listings, the larger end of that range lets you put up a serious, competitive deposit against cash offers without draining your working capital. Same-day wires are available for complete files submitted before 11 AM Eastern.
Apply for EMD Funding in Virginia
Submit your application online — same-day decisions for complete files before 2 PM Eastern.