Echo Funding in Augusta, GA | Swift Deal Funding
Echo Funding in Augusta, GA
Echo funding supplies the cash for your end buyer’s down payment at closing and is repaid directly from the seller-side proceeds — your assignment fee. In Augusta, where prices are among Georgia’s most affordable (a median near $190,000), the funded amounts are smaller, which keeps your cost low. It’s a clean fit when a buyer near Fort Eisenhower or in revitalizing Harrisburg is qualified but short on down-payment cash, and you’re carrying a real assignment fee. Instead of fronting the purchase, you fund only the down payment. Flat 2.5% fee, no upfront cost.
How Echo funding closes in Augusta
In Georgia, closings are attorney-conducted — a licensed Georgia attorney runs the closing and disburses funds, and a title company alone cannot. In a smaller market like Augusta, that often means a single attorney’s office handles the whole file. We wire the down-payment funds ahead of the date; at the table the attorney closes, releases the seller’s proceeds, and repays our funded amount plus 2.5% out of your assignment fee on the settlement statement. Standard turnaround runs about 48 hours from a complete file, with same-day available for files in before 11 AM Eastern. The only gate: your assignment fee has to clear the funded down payment plus our fee, and the attorney must be set to disburse our repayment.
Pricing
Flat 2.5% of the funded amount. No application, origination, or upfront fees — collected through the settlement statement at close.
What you’ll need
- Executed purchase contract
- Executed assignment contract showing your fee
- An assignment fee large enough to cover the funded down payment plus the 2.5% fee
- A licensed Georgia closing attorney ready to disburse with our Echo repayment included
No credit check, income verification, or tax returns. Local note: because Georgia requires an attorney to close, confirm your Augusta closing attorney will disburse our Echo repayment from the assignment fee exactly as structured before the deal goes to the table.
A typical Augusta Echo scenario
You assign a $190,000 home near Fort Eisenhower to a buyer for an $18,000 assignment fee. The buyer is approved but short the $12,000 down payment. Echo funds the $12,000 ahead of closing. At the table the closing attorney closes the deal and, from your $18,000 fee, repays us $12,000 plus a $300 fee (2.5%). You net about $5,700, the buyer brings far less cash, and none of your capital is tied up.
Apply
Upload your purchase contract and assignment showing the fee — we verify the fee covers the funded amount before approval.
Frequently Asked Questions
Does a Georgia attorney handle Echo repayment in Augusta? +
Yes. Georgia is an attorney-closing state, so a licensed Georgia attorney must conduct the closing and disburse — a title company alone cannot. Echo funds your end buyer's down payment, and the closing attorney repays us from the seller-side proceeds (your assignment fee) on the settlement statement. Confirm the attorney's office will disburse our Echo repayment as structured. The hard rule: your assignment fee must cover the funded down payment plus our flat 2.5%.
Does Echo make sense on Augusta's affordable price points? +
It can, when the deal carries a real assignment fee even at Augusta's lower prices. On a $190,000 Harrisburg or Fort Eisenhower-area home, the down payment a buyer needs is modest, so Echo's funded amount and fee are small. If your assignment fee comfortably covers that down payment plus our 2.5%, Echo lets a stretched-but-qualified buyer close without you fronting the whole purchase. With thin assignment fees or all-cash buyers, a double close or simply standing aside may fit better.
Do I need a license to use Echo funding in Augusta? +
No. Georgia doesn't require a wholesaler license to assign contracts, but you should disclose your assignment so the fee and our Echo repayment are transparent to the closing attorney and on the settlement statement. A licensed Georgia attorney must still conduct the closing. We're a direct lender — no credit, income, or tax review — so approval rests on the purchase contract, the assignment showing your fee, and the attorney being ready to disburse our repayment.
Apply for Echo Funding in Augusta, GA
Submit your application online — same-day decisions for complete files before 2 PM Eastern.