Echo Funding in West Virginia | Swift Deal Funding
Echo funding in West Virginia
With Echo, we put up the cash the end buyer needs for their down payment, then recover it from the seller’s proceeds at settlement — in a wholesale deal, that means your assignment fee. The buyer comes in light on cash, the attorney closes, and our principal plus a flat 2.5% is drawn from your fee in the same payout. Funded amounts in West Virginia typically run $10,000 to $40,000, reflecting the state’s affordable price points, with capacity to $10 million per transaction and no upfront cost.
West Virginia is a specialized, lower-volume wholesale market — Charleston, Huntington, Morgantown, and the Eastern Panhandle commuter towns near the DC line. Buyer pools are thinner here, so anything that helps an end buyer get to the table matters. Echo does exactly that, covering the down payment so a cash-light buyer can still close your deal.
How Echo closes in West Virginia
West Virginia is an attorney-closing, wet-funding state. A licensed West Virginia attorney conducts the settlement and disburses at the table against our wire — no waiting on the county recorder. We fund the down payment; the attorney applies it to the buyer’s side, then disburses your assignment fee on the seller side, repaying us our principal plus 2.5% before your net comes out. There’s no separate recording step for repayment; it happens inside the single attorney-run disbursement. Confirm the sequence with your closing attorney up front.
Pricing for Echo funding in West Virginia
Flat 2.5% of the funded amount. No application fee, no origination fee, no upfront cost — collected on the settlement statement.
A $10,000 funded down payment costs $250; a $30,000 down payment costs $750.
What you’ll need for Echo in West Virginia
- Executed purchase contract
- Executed assignment contract that shows your assignment fee
- An assignment fee at least equal to the funded down payment plus 2.5%
- A West Virginia closing attorney ready to disburse seller proceeds with our repayment built in
No credit, income, or tax documentation.
A typical West Virginia Echo scenario
A wholesaler assigns a Morgantown contract for a $16,000 fee. The end buyer’s lender requires $12,000 down but the buyer is short. Echo funds the $12,000. At closing, the Monongalia County attorney disburses the $16,000 fee, repays us $12,300 ($12,000 plus 2.5%), and the wholesaler nets $3,700 — without having fronted the buyer’s down payment.
Apply for Echo funding in West Virginia
Upload your purchase and assignment contracts online. We confirm the assignment fee covers the funded amount before approving. Standard turnaround is ~48 hours.
Frequently Asked Questions
How is Echo repaid at a West Virginia attorney closing? +
Echo funds the end buyer's down payment and is repaid from the seller-side proceeds — your assignment fee. West Virginia closings are run by a licensed attorney, who disburses the assignment fee on the seller side and routes our funded amount plus 2.5% back to us in the same settlement. Because West Virginia is wet-funding, the attorney can disburse at the table without waiting on recording. Your assignment fee just needs to cover the funded down payment plus our 2.5%.
Do Echo's economics work on smaller West Virginia deals? +
Yes. West Virginia's lower price points mean down payments — and our funded amounts — tend to be smaller, often $10,000 to $40,000. The 2.5% fee is a percentage of that funded amount, so a modest deal carries a modest fee. The one rule that always applies: your assignment fee must be at least the funded down payment plus 2.5%, since that fee is our repayment source. Confirm the disbursement plan with your closing attorney.
Echo or Stack for a West Virginia wholesale deal? +
Use Echo when you're assigning a contract for a fee — that fee repays us directly at the attorney's closing, with nothing to record afterward. Use Stack when seller financing is involved and a carry-back note covers the down payment. For a straight assignment in Charleston, Huntington, or the Eastern Panhandle, Echo is the simpler structure. Both deliver cash at the table; they differ only in how repayment reaches us.
Apply for Echo Funding in West Virginia
Submit your application online — same-day decisions for complete files before 2 PM Eastern.