Echo Funding in Columbus, OH | Swift Deal Funding
Echo Funding in Columbus, OH
Echo funding fronts the cash for your end buyer’s down payment at closing, then gets repaid straight from the seller’s proceeds — your assignment fee, in a wholesale deal. Swift Deal Funding is a direct lender: flat 2.5% fee, no upfront cost, no credit check, no income or tax docs, all 50 states.
Columbus is Ohio’s fastest-growing market, with Intel’s arrival and steady population growth pushing the median near $280K. Rising prices mean healthy assignment fees — and they also mean end buyers sometimes stretch and come up short on cash-to-close. Echo bridges that gap so a good Franklin County deal doesn’t fall apart over the buyer’s down payment.
How Echo Closes in Columbus
Ohio is a title/escrow, wet-funding state with no attorney mandate, so a Franklin County title company runs the disbursement. We send the down payment into escrow; at closing, title repays our funded amount plus 2.5% out of seller proceeds before releasing your net assignment fee. The buyer brings less cash; you net your spread minus our fee.
Confirm your Columbus closer can add the Echo payoff as a line item on the disbursement sheet.
Pricing
Flat 2.5% of the funded down payment, collected at close — nothing upfront.
| Funded Down Payment | Echo Fee (2.5%) |
|---|---|
| $20,000 | $500 |
| $40,000 | $1,000 |
| $80,000 | $2,000 |
What You’ll Need
- Executed purchase contract
- Executed assignment contract showing your assignment fee
- Assignment fee ≥ funded down payment + 2.5%
- Franklin County title company ready to disburse with the Echo repayment included
A Typical Columbus Echo Scenario
A wholesaler assigns a rehabbed single near the South Side to a local buyer at a $295,000 purchase price with a $34,000 assignment fee. The buyer, stretched by Columbus’s rising prices, is $28,000 short on the down payment. Echo funds the $28K for a $700 fee. At the Franklin County table, title repays us $28,700 from seller proceeds, the buyer closes, and the wholesaler nets $5,300. The deal survives a cash shortfall in a hot market.
Apply
Submit your purchase and assignment contracts online. We confirm your fee covers the funded amount before approval. Standard turnaround ~48 hours.
Frequently Asked Questions
Does Columbus's price appreciation help Echo deals? +
It tends to. As Ohio's fastest-growing market, Columbus supports healthy assignment fees — and Echo only works when your fee covers the funded down payment plus our 2.5%. With a median near $280K and demand fueled by the Intel build-out, spreads in Franklinton and the South Side are often generous enough to carry an end buyer's down payment comfortably. We verify the math before approval so you know it clears before the Franklin County closing.
When does an Echo deal beat a straight assignment in Columbus? +
When your end buyer is qualified but short on cash-to-close. Columbus's rising prices mean buyers sometimes stretch on the purchase and run thin on the down payment. Rather than lose the deal or renegotiate your fee, Echo funds the buyer's down payment and is repaid from your assignment fee at the table. You preserve your spread (minus 2.5%) and keep a motivated buyer in the deal in a competitive, fast-moving market.
Do you need an end buyer before applying for Echo in Columbus? +
Yes. Echo funds the end buyer's down payment, so we need the executed purchase contract and an assignment contract showing your fee. It's not for locking up a property — that's EMD funding. If you've got a Linden or Hilltop deal under contract and a buyer who's qualified but a few thousand short at closing, Echo is the right tool. We confirm your assignment fee covers the funded amount plus the 2.5% before approving.
Apply for Echo Funding in Columbus, OH
Submit your application online — same-day decisions for complete files before 2 PM Eastern.