EMD Funding in Baltimore, MD | Swift Deal Funding
EMD Funding in Baltimore, MD
EMD funding puts the earnest money deposit on a Baltimore contract so you can lock up a property without tying up your own cash. Swift Deal Funding wires the deposit — generally $5,000 to $25,000 — straight to your title company or settlement attorney, usually within 24 hours. With Baltimore sale prices near $200,000 and sharp block-by-block swings, a fast, firm deposit is often what wins a well-located Canton or Patterson Park rowhome over a slower buyer.
The deposit must be refundable under your contract’s inspection or due-diligence terms. No credit check, no income docs, no tax returns.
How EMD funding works in Baltimore
We send the deposit directly to the Maryland title company or settlement attorney handling the deal — never to you — after the agent confirms in writing that the EMD is refundable under your contract. Maryland is a wet-funding state and closings settle through title or an attorney, so the deposit sits where it belongs from day one.
The Baltimore caveat is the housing stock. Much of the rowhome inventory is old and frequently vacant — pre-1978 lead paint, deferred maintenance, and ground-rent lots are common — so keep a meaningful inspection or due-diligence window in the contract you fund against. That window lets you investigate the parcel (including any ground rent and the heavy transfer/recordation tax picture at the eventual closing) before your contingencies lapse, protecting both your deposit and our funds. Confirm specifics with a local Maryland closing professional.
Pricing
Two options on every EMD:
| Option | Upfront | At Close |
|---|---|---|
| A | 5% of EMD (min $500) | 20% of EMD |
| B | 10% of EMD (min $1,000) | 0% (most popular) |
Example: a $10,000 EMD under Option B costs $1,000, paid once, with nothing at closing.
What you’ll need
- Executed purchase contract with refundable EMD language
- Title company or settlement attorney contact
- Written confirmation from title that the EMD is refundable per contract
- Your ID
No credit, income, or tax verification.
A typical Baltimore EMD scenario
You find a vacant Hampden rowhome listed at $190,000 and want to lock it before a cash investor does. The contract calls for a $7,500 deposit, refundable through a 14-day due-diligence window — sensible given the age and likely lead-paint and ground-rent checks. You apply at 9 AM; we confirm refundable terms with the settlement agent and wire $7,500 the same day. Under Option B you pay $1,000, and your cash stays free while you complete due diligence.
Apply
Submit your contract and title contact online — usually under 10 minutes. Same-day wire is possible for complete files before 11 AM Eastern. We coordinate directly with your Maryland settlement agent.
Frequently Asked Questions
Should my Baltimore contract have a due-diligence window for a vacant rowhome? +
Yes. Many Baltimore rowhomes are vacant and pre-1978, so lead paint, deferred maintenance, and ground-rent surprises are common. A real inspection or due-diligence window protects you — and your deposit. We require refundable EMD language and written confirmation from the settlement agent before funding. Cancel within that window and the deposit returns to us; waive contingencies and then walk and it can be at risk. Confirm contingency terms with a Maryland closing professional.
How fast can you fund earnest money on a Baltimore deal? +
Usually within 24 hours of a complete file and title confirmation, and same-day for clean files submitted before 11 AM Eastern. We wire directly to your Maryland title company or settlement attorney, never to you. Speed matters in Baltimore, where good rowhomes in Hampden, Canton, and Patterson Park can move fast and a firm deposit helps you compete against cash buyers without committing your own working capital.
Does a ground rent change how EMD funding works in Baltimore? +
Not at the deposit stage. EMD funding simply places the earnest money so you can tie up the contract; ground rent is a title and settlement matter that surfaces later. But it's worth flagging early because an unresolved ground rent can complicate the eventual closing your deposit is riding on. Keep your due-diligence window intact so you can investigate the parcel's ground-rent status before your contingencies expire.
Apply for EMD Funding in Baltimore, MD
Submit your application online — same-day decisions for complete files before 2 PM Eastern.