EMD Funding in West Virginia | Swift Deal Funding
How EMD funding works in West Virginia
EMD funding puts up the earnest money so you can lock a West Virginia contract without spending your own cash. We wire the deposit — from $5,000 up to $25,000 — directly to the closing attorney’s trust account, usually within 24 hours of a complete application. The deposit must be refundable under your contract’s inspection or due-diligence contingencies, so if a deal dies inside those windows, the money comes back to us through the attorney’s trust account.
West Virginia’s low price points mean many contracts ask for only modest earnest money, but the strategic value still holds: in a thinner buyer pool around Charleston, Huntington, and Morgantown, the ability to tie up several contracts at once without draining capital lets you work more deals than your cash position would otherwise allow. The larger deposits on small-commercial or Eastern Panhandle commuter properties fall right in our funding range.
Pricing for EMD funding in West 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 $10,000 EMD under Option B costs $1,000, paid once, nothing at closing.
What you’ll need for EMD funding in West Virginia
- Executed purchase contract with refundable EMD language
- West Virginia closing attorney’s escrow/trust contact
- Written confirmation from that attorney that the deposit is refundable per your contract
- Your ID
No credit, income, or tax documents.
A typical West Virginia EMD scenario
A wholesaler finds an underpriced rental near Morgantown and wants to lock it before a competing investor moves. The seller asks for $8,000 earnest money. Rather than wire personal funds, the wholesaler applies before 11 AM; we confirm the refundable inspection contingency with the closing attorney and wire $8,000 the same day. Under Option B, the flat cost is $1,000. The contract is secured, the wholesaler finds an end buyer during due diligence, and their own cash stays free for the next deal.
Apply for EMD funding in West Virginia
Submit your contract and your closing attorney’s trust-account contact online — under ten minutes. Same-day wire for complete files in before 11 AM Eastern. We coordinate the deposit directly with the attorney.
Frequently Asked Questions
Who holds the EMD on a West Virginia deal? +
We wire the earnest money directly to the licensed West Virginia closing attorney holding escrow for your contract — not to you. West Virginia is an attorney-closing state, so the attorney's trust account is the neutral holder, and we need that attorney's contact plus written confirmation the deposit is refundable per your contingencies before we fund. The wire usually arrives within 24 hours of a complete file, putting your deposit in a regulated attorney trust account from the start.
Will my earnest money come back if a West Virginia deal falls apart? +
Yes, provided your contract makes it refundable. We fund EMD on deals where the inspection or due-diligence contingencies in your West Virginia purchase agreement let you recover the deposit if you cancel inside those windows. The refundable language must be in the contract and your closing attorney must confirm it in writing before we wire. Cancel within the contingency period and the attorney returns the deposit to us from trust. Confirm your exact terms with that attorney.
Are West Virginia EMDs small enough that funding still makes sense? +
Often the deposits are modest because purchase prices are low — many West Virginia contracts ask $1,000 to $5,000 in earnest money. We fund EMD from $5,000 up to $25,000, so the larger residential and small-commercial deposits fall squarely in range, while very small deposits may be cheaper to cover yourself. Where it shines is letting you keep several low-cost contracts alive at once without tying up cash. Same-day wires are available for files in before 11 AM Eastern.
Apply for EMD Funding in West Virginia
Submit your application online — same-day decisions for complete files before 2 PM Eastern.