EMD Funding in Lubbock, TX | Swift Deal Funding
How EMD funding works in Lubbock, TX
EMD funding covers the earnest money deposit so you can lock up a Lubbock property without pulling cash from your own account. We send the deposit — usually $5,000 to $25,000 — directly to the title company named in your contract, typically within 24 hours of a complete application. The deposit stays refundable per your contract’s TREC option period or due-diligence terms.
Lubbock’s affordability — a median near $230,000 — means wholesalers here often juggle several contracts at once rather than chasing one expensive deal. Whether it’s a value-add house near Texas Tech, a North Lubbock rental, or a south-side flip, funded EMD lets you lock up properties fast and run due diligence without committing your own cash until you’re sure of each deal. That matters in a market where the margins come from volume and smart selection, not high price points.
How EMD funding closes in Lubbock
Because Texas closings happen at title companies and the TREC contract pairs an option period with title-held earnest money, funded EMD slots in cleanly:
- Submit the executed contract, your Lubbock title company’s contact, and your ID.
- The title company confirms to us that the deposit is refundable under your contract terms.
- We wire the earnest money over, typically within 24 hours.
- On a closed deal the deposit is credited at closing; on a termination inside the option window it is refunded.
Pricing
Two options on every EMD, the same in Lubbock as everywhere:
| Option | Upfront | At Close | Best For |
|---|---|---|---|
| A | 5% of EMD (min $500) | 20% of EMD | High close-through rates |
| B | 10% of EMD (min $1,000) | 0% | Predictable per-deal cost (most popular) |
A typical $10,000 Lubbock EMD under Option B costs $1,000 total, paid once, with nothing due at closing.
What you’ll need
- Fully executed purchase contract with refundable EMD language
- Lubbock title company contact information
- Written confirmation from title that the EMD is refundable per contract terms
- Your photo ID
No credit check, no income verification, no tax returns. A local note: if you’re working several Lubbock contracts at once, funded EMD keeps your own capital free — just confirm refundable option terms with your title company on each one.
A typical Lubbock EMD scenario
A wholesaler ties up a North Lubbock rental and the seller wants $10,000 earnest money to take it off the market, but the wholesaler is also working two other contracts and wants to keep personal cash free. We confirm the deposit is refundable through the TREC option period and wire $10,000 to the title company within 24 hours. Under Option B, the wholesaler pays $1,000 once. The contract is locked, the wholesaler finishes due diligence and markets it, and either assigns before the option expires or terminates with the deposit refunded.
Apply
Submit your contract and title company contact online — usually under 10 minutes. Same-day wires are available for complete files in before 11 AM Eastern. We coordinate directly with your title company.
Frequently Asked Questions
How does EMD funding work with a TREC option period on a Lubbock contract? +
The TREC residential contract gives you a negotiated option period to terminate while keeping earnest money refundable, and funded EMD fits right in. We wire your earnest money — $5,000 to $25,000 — to the Lubbock title company within 24 hours. As long as your contract keeps the deposit refundable through the option or due-diligence window, you're protected if you terminate. We don't give legal advice, so confirm your specific option and EMD language with your title company or a Texas attorney before signing.
Are earnest money deposits large in Lubbock? +
Usually moderate. With a median near $230,000, most Lubbock sellers expect earnest money in the lower-to-middle part of our $5,000 to $25,000 range — enough to show you're serious on a Tech Terrace or North Lubbock deal without the high deposits common in pricier metros. Funded EMD lets you meet that expectation fast without tying up personal capital. Under Option B you pay a flat 10% once — for example $1,000 on a $10,000 deposit — with nothing at closing. Confirm the deposit amount and refundable language with your title company.
Can I lock up multiple Lubbock deals at once with funded EMD? +
Yes — that's a common reason West Texas wholesalers use it. Lubbock's affordability means investors often work several contracts at a time across Tech Terrace, East Lubbock, and the south-side growth areas, and funded EMD keeps your own cash free to chase all of them. Each deal needs its own executed contract with refundable EMD language, a title contact, written refundability confirmation, and your ID. We wire each deposit within 24 hours of a complete file. Confirm refundable terms with your title company on every contract.
Apply for EMD Funding in Lubbock, TX
Submit your application online — same-day decisions for complete files before 2 PM Eastern.