EMD Funding in Minnesota | Swift Deal Funding
How EMD funding works in Minnesota
EMD funding covers the earnest money deposit on a Minnesota deal — typically $5,000 to $25,000 — and wires it straight to the title company or broker holding escrow within 24 hours of a complete application. The deposit must be refundable under the purchase agreement’s contingencies, so your funds are protected if you cancel within those terms.
Minnesota is a steady, mid-priced market, and earnest money expectations reflect that — deposits on Twin Cities deals are usually a meaningful few thousand dollars rather than the rock-bottom figures seen in deep-discount metros. Most investor activity sits in Minneapolis, St. Paul, Brooklyn Park and Bloomington, with regional volume in Rochester, Duluth and St. Cloud. EMD funding lets a wholesaler keep deposits live across several purchase agreements without locking up personal capital before due diligence wraps.
Pricing
Two flat-fee options on every EMD, anywhere in Minnesota:
| 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) |
Example: a $7,500 EMD on a St. Paul deal under Option B costs $1,000 total — paid once, nothing at closing.
What you’ll need
- Executed purchase agreement with refundable EMD language
- Title company / escrow holder contact information
- Written confirmation from the escrow holder that the deposit is refundable per the agreement
- Borrower identification
No credit check, no income verification, no tax returns. Minnesota note: identify whether the broker or the title company holds escrow so we wire to the correct party.
A typical Minnesota EMD scenario
You’re under contract on a Brooklyn Park rambler with a $7,500 earnest money deposit due, but your cash is committed across two other deals. You use EMD funding under Option B: we wire $7,500 to the title company within 24 hours, your $1,000 fee is paid once, and the deposit is refundable if you cancel within the inspection contingency. The seller sees a serious offer with funded earnest money, and your capital stays free.
Apply
Submit your purchase agreement and the escrow holder’s contact online — usually under 10 minutes. Same-day wire is possible for complete files before 11 AM Eastern. We coordinate directly with your title company.
Frequently Asked Questions
Who holds earnest money in a Minnesota transaction? +
Minnesota typically holds earnest money in a broker's trust account or the title company's escrow, as named in the standard purchase agreement. We wire our EMD funds directly to that escrow holder within 24 hours of a complete application and written confirmation the deposit is refundable. Because Minnesota closes through title companies rather than mandatory attorneys, the title company is often the escrow holder on investor deals — we coordinate directly with them.
How does Minnesota's purchase agreement affect EMD refundability? +
Minnesota's standard purchase agreement spells out the earnest money and the contingencies — inspection, financing, due diligence — that make it refundable. We only fund deposits that are refundable under those terms, and we confirm the language with the escrow holder before wiring. If you cancel within a contingency window, the deposit returns to us; if you close, it applies to the purchase. Send the executed agreement and we'll verify the deposit qualifies.
How fast can EMD funding reach a Twin Cities closing? +
We wire the deposit to the title company within 24 hours of a complete application, and same-day is possible for files submitted before 11 AM Eastern. Minnesota runs on Central time, so an Eastern-morning wire lands at your title company in the local morning. Most Minneapolis–St. Paul title companies are set up to receive and confirm earnest money quickly, so the main variable is getting the refundability confirmation in writing.
Apply for EMD Funding in Minnesota
Submit your application online — same-day decisions for complete files before 2 PM Eastern.