Echo Funding in Columbia, SC | Swift Deal Funding
Echo Funding in Columbia, SC
Echo funding (transactional down payment funding) supplies the cash an end buyer needs for their down payment at closing, then is repaid from the seller-side proceeds — usually your assignment fee — at that same closing. It’s the fit for a Columbia wholesaler whose buyer is qualified but short on closing-day cash.
Columbia’s demand is steady rather than frothy — state government, USC student rentals, and Fort Jackson military families keep buyers in the market year-round. But affordability (median ~$250K) means assignment fees here are often modest, so Echo is about sizing the funded down payment to the spread you have. Typical Columbia Echo amounts run $15,000–$60,000, with capacity up to $10M. The fee is a flat 2.5%, no upfront cost.
How Echo closes in Columbia (SC attorney-must-close)
South Carolina is a wet-funding state, and the SC Supreme Court requires a licensed SC attorney to supervise the closing and disburse from the trust account. For Echo, that attorney disburses the end buyer’s down payment from our funds, then repays us from the seller-side proceeds (your assignment fee) on the settlement statement. We wire by 9 AM Eastern on closing day; standard turnaround is ~48 hours from a complete file. Have your Columbia closing attorney confirm in writing that the Echo repayment line is on the statement, and verify timing locally.
Pricing
Flat 2.5% of the funded amount. No application, origination, or upfront fees — collected on the closing statement.
What you’ll need
- Executed purchase contract
- Executed assignment contract showing your assignment fee
- An assignment fee large enough to cover the funded down payment plus the 2.5% fee
- A licensed SC closing attorney ready to disburse seller proceeds with Echo repayment included
- All parties aligned on the closing timeline
No credit check, no income verification, no tax returns.
A typical Columbia Echo scenario
You assign a contract on a home near Fort Jackson to a relocating military buyer at a $210,000 price with a $22,000 assignment fee. The buyer’s financing is approved, but a cross-country move has tied up their cash and they need $15,000 for the down payment. Echo funds the $15,000 to the SC closing attorney. At closing, the attorney disburses your $22,000 fee, repays our $15,000 plus the 2.5% fee ($375), and you net about $6,625 — the buyer closes on schedule despite the move.
Apply
Submit your purchase and assignment contracts online. We confirm the assignment fee covers the funded amount before approval. Standard turnaround ~48 hours.
Frequently Asked Questions
Will my assignment fee cover Echo on an affordable Columbia deal? +
It's worth checking. Columbia's affordability (median around $250K) often means tighter assignment fees, and yours has to cover the funded down payment plus our flat 2.5%. We verify the assignment contract shows a large enough fee before approving. On student-rental or military-buyer deals with a healthy spread, the math usually works; if it's tight, a smaller funded down payment keeps it viable at the SC attorney's table.
How is Echo repaid through a South Carolina attorney closing? +
Echo funds the end buyer's down payment and is repaid from seller-side proceeds — your assignment fee — at the same closing. Since the SC Supreme Court requires attorney-supervised closings, a licensed SC attorney disburses the funds and handles the repayment line on the settlement statement. We need that Columbia attorney's written confirmation that Echo repayment is built into the disbursement before we fund.
Does Echo help when my buyer is a military family near Fort Jackson? +
It can. Buyers relocating for Fort Jackson sometimes have approved financing but limited liquid cash for a down payment during a move. Echo funds that down payment, repaid from your assignment fee at closing, so the deal doesn't stall. Everything settles through the SC Supreme Court–required attorney closing; we run no credit check, income verification, or tax returns on either party.
Apply for Echo Funding in Columbia, SC
Submit your application online — same-day decisions for complete files before 2 PM Eastern.