Echo Funding in Tulsa, OK | Swift Deal Funding
Echo Funding in Tulsa, OK
Echo funding covers your end buyer’s down payment at closing and gets repaid from the seller-side proceeds — usually your assignment fee. It’s the right tool for a Tulsa assignment where the deal is solid but the buyer is short on closing cash. Swift Deal Funding charges a flat 2.5% of the funded amount, with nothing upfront.
Tulsa’s buyer pool skews toward first-time and working-class purchasers chasing affordable midtown bungalows and north Tulsa starter homes, where the median sits near $200,000. Plenty of those assignments stall at the down payment, not the price. Echo bridges that gap so a deal that’s already under contract actually closes.
How Echo Closes in Tulsa
Oklahoma is a wet-funding, title/escrow state. Your assignment shows the fee, the end buyer’s contract sets the down payment, and one Tulsa title company disburses our repayment out of seller proceeds before paying your balance. We fund once the closer confirms in writing that it can disburse with Echo repayment included.
Echo never touches how you acquired or marketed the contract, so it sits cleanly alongside Oklahoma’s 2021 Predatory Real Estate Wholesaler Prevention Act — though your equitable-interest disclosure on the assignment is still your responsibility. Confirm locally.
Pricing
Flat 2.5% of the funded down payment. No application, origination, or upfront fees — collected on the closing statement.
What You’ll Need
- Executed purchase contract
- Executed assignment showing your fee
- Assignment fee ≥ funded down payment + 2.5%
- Title company ready to disburse seller proceeds with Echo repayment included
Local note: keep your assignment disclosure consistent with the Oklahoma wholesaler act and line up your Tulsa title company early so the repayment is built into the closing statement.
A Typical Tulsa Echo Scenario
You assign a north Tulsa starter home for a $24,000 fee on a $205,000 sale. Your end buyer is $15,000 short on the down payment. Echo funds the $15,000; the fee is $375. At closing, the Tulsa title company returns $15,375 to us from your assignment fee, and you net roughly $8,625 — a deal that would have collapsed on the down payment instead closes on schedule.
Apply
Submit your purchase contract and assignment online. We verify the fee covers the funded amount before approving. About 48 hours to wire-ready.
Frequently Asked Questions
How does Echo repayment flow through a Tulsa closing? +
Oklahoma is a wet, title/escrow state. Your assignment fee appears on the closing statement as part of the seller-side proceeds, and the Tulsa title company disburses our repayment — the funded down payment plus the flat 2.5% — out of those proceeds before paying your balance. We fund only after the closer confirms in writing that it can disburse with Echo repayment included.
Does Echo funding affect my obligations under the Oklahoma wholesaler act? +
No. Echo funds the end buyer's down payment and is repaid from seller proceeds; it doesn't change how you took or marketed the contract. Your obligations under the 2021 Predatory Real Estate Wholesaler Prevention Act — license or equitable-interest disclosure before marketing — still attach to the assignment itself. Confirm your disclosure language with a Tulsa closing attorney; Echo just gets the down payment to the table so the deal closes.
Is my Tulsa assignment fee big enough for Echo? +
Your fee must be at least the funded down payment plus the 2.5% Echo fee. On a typical Tulsa deal — say a $215,000 sale with a $22,000 assignment fee — a $16,000 down payment funded by Echo costs $400, so $16,400 comes out of your fee and you keep the rest. If the fee can't cover both the funded amount and the fee, the deal doesn't qualify.
Apply for Echo Funding in Tulsa, OK
Submit your application online — same-day decisions for complete files before 2 PM Eastern.