Echo Funding in North Dakota | Swift Deal Funding
Echo Funding in North Dakota
Echo funding covers the cash an end buyer needs for their down payment at closing, repaid directly from the seller’s proceeds — which on a wholesale deal is your assignment fee. For North Dakota wholesalers, that means a cash-light buyer can still close while you collect your fee at the table. Swift Deal Funding is a direct lender, so there’s no credit, income, or tax review. Funded down payments in this smaller market typically run $10,000–$40,000, capacity to $10 million, at a flat 2.5%.
How Echo closes in North Dakota
North Dakota is a wet-funding state, and its real estate closings commonly involve a closing attorney, so the funds settle around the table through the closer’s escrow. We wire the funded down payment into the closing escrow ahead of closing. The purchase contract and assignment are signed, and because North Dakota funds wet, the closer disburses at the closing — proceeds to the seller, our advance plus the 2.5% fee repaid from your assignment fee, and your net to you. No waiting on recording for money to move. Whether the deal is in the Fargo–Moorhead area along the Red River, in Bismarck, or out in the Williston/Bakken region, the assignment and disbursement instructions go to your closer. Build the Echo repayment into the disbursement schedule with that attorney or title company before you set a closing date, and remember North Dakota runs on Central time when coordinating wires.
Pricing
Flat 2.5% of the funded amount. No application fee, no origination fee, nothing upfront — collected through the closing statement and netted from your assignment fee.
What you’ll need
- Executed purchase contract
- Executed assignment showing your assignment fee
- Assignment fee ≥ funded down payment + 2.5% fee
- Closer ready to disburse with the Echo repayment included
- All parties aligned on the closing timeline
A typical North Dakota Echo scenario
A wholesaler in Bismarck has a buyer who’s approved on financing but short on closing cash. Purchase price is $215,000 with a $24,000 assignment fee. The buyer needs $15,000 for the down payment, which we fund into the closing escrow. North Dakota funds wet, so at closing the closer disburses: our $15,000 plus the 2.5% fee ($375) comes out of the assignment fee, and the wholesaler nets $8,625. The buyer brought far less cash to a deal that closes around the table the same day.
Apply
Submit your purchase contract and assignment through the online form. We verify the assignment fee covers the funded down payment plus our fee, then work with your Fargo or Bismarck closer on disbursement. Turnaround is about 48 hours.
Frequently Asked Questions
How does Echo funding work in North Dakota? +
Echo funds your end buyer's down payment so the deal can close, repaid from the seller proceeds — your assignment fee — at disbursement. North Dakota is a wet-funding state, so the closer disburses around the table: our advance plus the flat 2.5% fee comes out of your assignment fee before your net releases. Because closings here often involve a closing attorney, the funded down payment goes into the closing escrow and that closer handles disbursement. Confirm the order with your attorney or title company.
What assignment fee do I need for an Echo deal in North Dakota? +
Enough to cover the funded down payment plus our 2.5% fee and still leave a profit. North Dakota's price points are moderate, so funded down payments here tend to be smaller — often $10,000–$25,000 — and a $20,000–$30,000 Fargo or Bismarck assignment fee usually covers that comfortably. We confirm the assignment fee clears the math before approving.
What does Echo funding cost in North Dakota? +
A flat 2.5% of the funded amount — no application fee, no origination fee, nothing upfront. It's collected through the closing statement and netted from your assignment fee when the closer disburses. Because North Dakota funds wet, that repayment settles around the table rather than after recording, but the cost is identical to every state we fund in.
Apply for Echo Funding in North Dakota
Submit your application online — same-day decisions for complete files before 2 PM Eastern.