Echo Funding in Pennsylvania | Swift Deal Funding
Echo Funding in Pennsylvania
Echo funding covers your end buyer’s down payment at the closing table and is repaid directly from the seller’s proceeds — in a wholesale deal, from your assignment fee. The buyer brings less cash, the deal closes, and we’re repaid the moment the closing agent disburses. In Pennsylvania’s Philadelphia- and Pittsburgh-driven markets, funded down payments typically run $15,000 to $60,000, with capacity to $10 million. The fee is a flat 2.5% of what we fund, nothing upfront.
Echo is an assignment-based product, and in Pennsylvania assignments sit inside a real regulatory frame: Pennsylvania regulates wholesaling, and the City of Philadelphia licenses residential wholesalers through a dedicated ordinance. Funding the down payment doesn’t change that — it only makes the deal possible by closing the buyer’s cash gap. If you’re assigning here, particularly on Philadelphia properties, build your licensing and disclosure compliance into the deal and confirm it with a Pennsylvania attorney.
How Echo closes in Pennsylvania
Pennsylvania’s wet-funding rule keeps repayment tidy. Funds must be in escrow before recording, so at closing the agent is holding both your assignment fee and our funded down payment. When the deal records, they disburse to the seller, release your fee, and repay our funded amount plus the 2.5% from those proceeds — same session, no post-closing wire to chase. PA closes through either a title company or an attorney; attorney closings are common in the east and Philadelphia, and either can run the Echo repayment off the closing statement. We confirm the arrangement before approving.
Echo example deal in Pennsylvania
| Item | Amount |
|---|---|
| End-buyer purchase price | $245,000 |
| Wholesaler assignment fee | $30,000 |
| Down payment funded by Echo | $20,000 |
| Echo fee (2.5%) | $500 |
| Repaid to us at close (from assignment fee) | $20,500 |
| Wholesaler net | $9,500 |
The buyer’s cash burden drops; your assignment fee absorbs our funded amount plus fee, and you net the difference.
Pricing
Flat 2.5% of the funded down payment. No application, origination, or upfront fees — collected through the closing statement.
What you’ll need
- Executed purchase contract
- Executed assignment contract showing your assignment fee
- Assignment fee at least equal to the funded down payment plus the 2.5% fee
- Pennsylvania closing agent (title company or attorney) ready to disburse with Echo repayment included
- License/disclosure compliance consistent with PA and, if applicable, Philadelphia rules
A typical Pennsylvania Echo scenario
A Pittsburgh wholesaler has a $30,000 assignment fee and an end buyer who is $20,000 short on the down payment. They confirm their assignment is compliant with Pennsylvania’s wholesaling rules. We fund the $20,000; the closing agent holds it alongside the fee. At closing the seller is paid, our $20,500 is repaid from the fee, and the wholesaler nets $9,500 — while the end buyer closes a deal that otherwise would have stalled on the down payment.
Apply
Submit your purchase and assignment contracts online. We verify the fee covers the funded amount before approving. Standard turnaround is about 48 hours.
Frequently Asked Questions
Does Echo funding trigger Pennsylvania's wholesaler-licensing rules? +
Echo funds your end buyer's down payment and is repaid from your assignment fee, so it presumes a contract assignment — exactly the activity Pennsylvania regulates and the City of Philadelphia licenses through its residential wholesaler ordinance. Echo finances the buyer's cash gap; it does not exempt you from licensing or disclosure. If you're assigning in PA, and especially in Philadelphia, confirm your license status and disclosure obligations with a Pennsylvania real estate attorney first.
How does Pennsylvania's wet-funding rule affect Echo repayment? +
Pennsylvania requires funds in escrow before recording, so on closing day the closing agent is already holding both your assignment fee and our funded down payment. That makes repayment clean: the agent disburses to the seller, releases your assignment fee, and repays our funded amount plus 2.5% from those proceeds in the same session. There's no separate post-closing wire to wait on, whether your closing agent is a title company or an attorney.
Can a Pennsylvania closing attorney handle the Echo repayment? +
Yes. Pennsylvania closes through either a title company or an attorney, and attorney closings are common in eastern PA and Philadelphia. Whichever handles your deal disburses our repayment off the closing statement. We need the assignment contract to show a fee large enough to cover the funded down payment plus our 2.5%, and the closing agent prepared to repay from seller proceeds. We confirm that arrangement before approving the file.
Apply for Echo Funding in Pennsylvania
Submit your application online — same-day decisions for complete files before 2 PM Eastern.