EMD Funding in Saint Paul, MN | Swift Deal Funding
EMD Funding in Saint Paul, MN
EMD funding puts up the earnest money deposit on your Saint Paul contract so you can lock a property without committing your own cash. We send the deposit — $5,000 to $25,000 — straight to the escrow holding the deal, usually within 24 hours of a complete application. It’s our cheapest, fastest product, and it matters in Saint Paul, where investors run several contracts at once across older neighborhoods like Frogtown, Dayton’s Bluff, the North End, and Payne-Phalen. The deposit must be refundable under your contract’s inspection or due-diligence terms.
How EMD funding works in Saint Paul
Minnesota is a title and escrow state, so the deposit is typically held in a Saint Paul title company’s escrow (or a broker’s trust account). Once we have your executed contract with refundable EMD language, the escrow/title contact, written confirmation the deposit is refundable, and your ID, we wire — typically within 24 hours, and same-day for complete files in before 11 AM Eastern. If the deal closes, you’re done; if it dies in due diligence, the refundable deposit returns to us. Local note: Saint Paul requires a Truth-in-Sale-of-Housing evaluation before a home, duplex, condo, or townhome can be marketed, so the seller’s report should be current before you lock the contract. Confirm refund terms in writing before relying on them.
Pricing
| 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 $10,000 EMD under Option B costs $1,000 total — paid once, nothing at closing.
What you’ll need
- Executed purchase contract with refundable EMD language
- Saint Paul escrow / title company contact
- Written confirmation that the EMD is refundable
- Your photo ID
No credit check, income verification, or tax returns. Local note: the deposit sits with a Minnesota title company’s escrow, so coordinate the holder and refund terms early — and confirm the seller’s Truth-in-Sale-of-Housing evaluation is in place so a missing report doesn’t stall the deal.
A typical Saint Paul EMD scenario
You go under contract on a $215,000 home in Payne-Phalen you plan to assign. The seller wants an $8,000 deposit to take it off market ahead of competing investors. Under Option B, we wire $8,000 to the title company’s escrow within 24 hours for a $1,000 fee. Your cash stays free to chase the next deal, and if inspection or the TISH report kills the numbers, the refundable deposit returns to us.
Apply
Submit your contract and escrow contact online — most files take under ten minutes.
Frequently Asked Questions
Where is the earnest money held on a Saint Paul deal? +
We wire the EMD to the escrow holding your Saint Paul contract — typically within 24 hours of a complete application and written confirmation. Minnesota is a title and escrow state, so the deposit is usually held in a title company's escrow account (or a broker's trust account). The deposit must be refundable under your contract's inspection or due-diligence terms, with written confirmation it returns to us if the deal doesn't close. Coordinate the holder and refund terms with your title office early.
How much earnest money will you fund in Saint Paul? +
We fund EMDs from $5,000 to $25,000, which covers most Saint Paul residential contracts — from a sub-$150K North End rehab to a near-median $300K Dayton's Bluff home where competing investors push deposits higher. Two options: Option A is 5% upfront (min $500) plus 20% at close; Option B is 10% upfront (min $1,000) with nothing at close — the popular pick for predictable cost. With TISH evaluations and inspections in play here, a fast, funded deposit helps you secure contracts ahead of other investors.
Why use EMD funding instead of my own cash in Saint Paul? +
Running several Saint Paul contracts at once locks your working capital in multiple escrows. EMD funding lets you tie up deals across Frogtown, Dayton's Bluff, and Payne-Phalen while your cash stays free for marketing and acquisitions. Because the deposit is refundable per your contract, your downside is limited to our fee if the deal dies in due diligence — useful on the city's older Victorian and frame homes, where a Truth-in-Sale-of-Housing evaluation or inspection can surface issues that change your numbers.
Apply for EMD Funding in Saint Paul, MN
Submit your application online — same-day decisions for complete files before 2 PM Eastern.