Echo Funding in Kansas | Swift Deal Funding
Echo Funding in Kansas
Echo (transactional down-payment) funding covers the end buyer’s down payment at a Kansas closing, then gets repaid from the seller’s proceeds — for a wholesaler, that’s your assignment fee. The buyer brings less cash, the deal closes, and we’re made whole at the table. Flat 2.5%, nothing out of pocket upfront.
In Kansas this product fits the assignment-heavy end of the market. Wichita and the Johnson County suburbs — Overland Park, Olathe — generate the steadiest assignment volume, where a buyer with financing is short on liquid down payment but the spread is solid. Funded amounts here typically land $15,000–$60,000, with capacity to $10 million.
How Echo closes in Kansas
Kansas is a title/escrow state, so a single title company runs the closing and handles disbursement off one settlement statement — no attorney-closing mandate to coordinate around. That’s ideal for Echo, because the buyer’s down payment and our repayment both flow through the same escrow officer in one motion.
Kansas’s wet-funding rule actually reinforces how Echo is supposed to work: funds must be in escrow before the deed records, so the down payment we provide is wired to the title company and confirmed before closing. When the deal records, the assignment fee on the seller’s side is split to repay our principal and the 2.5% fee. On wholesaling, Kansas relies on equitable-interest disclosure rather than a licensing statute. Confirm with your title officer that the Echo repayment will appear as a line on the seller-side proceeds.
Pricing
Flat 2.5% of the funded down payment. 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 assignment fee
- Assignment fee ≥ funded down payment + 2.5%
- Kansas title company ready to disburse the Echo repayment from seller proceeds
Local note: on lower-priced Kansas deals, double-check the fee clears the funded-amount-plus-2.5% threshold before you commit.
A typical Kansas Echo scenario
You’ve got an Overland Park flip under contract and assign it to a buyer at a $26,000 fee. The buyer is financed but needs $18,000 for the down payment to close on time. Echo wires the $18,000 to the title company; at closing it records, your $26,000 fee disburses, and $18,450 (principal + 2.5%) comes back to us off the settlement statement. You net $7,550 without fronting the buyer’s cash.
Echo vs. Stack in Kansas
Both put cash at the table; they differ in repayment. Echo is repaid directly from seller proceeds (your assignment fee) at closing — use it when the fee is substantial. Stack is repaid by a recorded seller-carry second note — use it when seller financing is part of the structure.
Apply
Submit your purchase and assignment contracts online. We verify the fee covers the funded amount before approval. Standard turnaround is about 48 hours.
Frequently Asked Questions
How does Echo get repaid at a Kansas title closing? +
Echo funds your end buyer's down payment, and we're repaid out of the seller's proceeds — in a wholesale deal that's your assignment fee — at the same closing. Because Kansas is a title/escrow state, the title company disburses everything off one settlement statement: the buyer's down payment funds in, the deal closes, and your assignment fee is split so our principal plus the 2.5% fee comes back to us before you net out. One escrow officer, one disbursement.
Is my Kansas assignment fee big enough to use Echo? +
It needs to be. The rule is simple: your assignment fee has to be at least the funded down payment plus our flat 2.5%. On a $250,000 Overland Park assignment with a $20,000 down payment funded, you'd need a fee of roughly $20,500 or more. Kansas's lower price points keep down payments modest, so Echo tends to work well here on deals where the spread is healthy relative to the purchase price.
Does Kansas's wet-funding requirement matter for Echo? +
It works in your favor. Because Kansas requires funds in escrow before recording, the down payment we provide has to be sitting at the title company anyway. We wire it so the buyer's side is fully funded at the table, the closing records cleanly, and repayment comes straight out of the same disbursement. Confirm with your Kansas title officer that they'll show the Echo repayment as a line item on the seller's proceeds.
Apply for Echo Funding in Kansas
Submit your application online — same-day decisions for complete files before 2 PM Eastern.