EMD Funding in Salt Lake City, UT | Swift Deal Funding
How EMD Funding Works in Salt Lake City, UT
EMD funding covers the earnest money deposit on your Salt Lake City contract — typically $5,000 to $25,000 — wired directly to your Utah title/escrow company, usually within 24 hours of a complete file. The deposit must be refundable under the inspection or due-diligence terms of the contract. You lock up the property without committing your own cash before you’ve found an end buyer or finished your numbers.
Salt Lake City’s tech inflow has driven the median to around $560,000 and kept competition tight, especially on west-side homes in Glendale, Rose Park, and Poplar Grove. A credible deposit is what gets an offer taken seriously here, and keeping your own capital free across several live contracts is what lets a wholesaler keep pace in a higher-priced market.
How it closes in Salt Lake City (title/escrow state)
Utah closings run through a title/escrow company, which holds the earnest money. We wire the deposit straight to your Salt Lake City escrow company once we have written confirmation it’s refundable per the contract’s inspection period. Utah is a wet-funding state — sale proceeds disburse at the table rather than after recording — but that affects the final close, not the deposit. Cancel within the inspection window and the deposit returns to escrow and back to us, documented and clean.
Pricing
Two fixed options on every EMD:
| 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 $20,000 Salt Lake City EMD under Option B costs $2,000 total — paid once, nothing at closing.
What you’ll need
- Executed purchase contract with refundable EMD language
- Salt Lake City title/escrow company contact information
- Written confirmation from escrow that the EMD is refundable per the contract
- Your ID
No credit check, income verification, or tax returns; no Utah wholesaler license required.
A typical Salt Lake City EMD scenario
You go under contract on a Poplar Grove home and the seller wants a $20,000 earnest money deposit in a competitive market. Rather than wire your own cash, you submit the contract and your escrow company’s details. Within 24 hours we wire $20,000 to your Salt Lake City escrow company. Your inspection period protects the deposit while you assign the contract to a flipper planning a seismic-aware rehab. Under Option B your cost is a flat $2,000, and your capital stayed free for the next Wasatch Front deal.
Apply
Submit your contract and escrow company contact online — under 10 minutes. Same-day wire is possible for complete files in before 11 AM Eastern. We coordinate directly with your Salt Lake City escrow company.
Frequently Asked Questions
Where does my earnest money go on a Salt Lake City deal? +
Utah is a title/escrow state, so your earnest money is held by the escrow company handling the deal, not an attorney. We wire the deposit — typically $5,000 to $25,000 here — directly to your Salt Lake City escrow company within 24 hours of a complete file and written confirmation the EMD is refundable. The deposit holds your contract while you finish due diligence or line up an end buyer along the Wasatch Front.
Does Utah's wet-funding model change how EMD funding works in Salt Lake City? +
Not for the deposit. Wet-funding affects when sale proceeds disburse at closing — at the table in Utah, rather than after recording as in neighboring dry-funding states — but earnest money is simply held against your contract during the inspection period. What matters for EMD funding is that the deposit is refundable under your contract's due-diligence terms and the escrow company confirms it in writing. Cancel within that window and the deposit returns from escrow back to us.
Why do Salt Lake City wholesalers use EMD funding? +
Salt Lake City's median is around $560,000 and tech-driven demand keeps the market competitive, so sellers expect serious earnest money. EMD funding lets you put up a credible $15K–$25K deposit on a Glendale or Rose Park deal without draining your own capital, keeping several contracts live at once. Because a Utah escrow company holds the money, it's clean and documented, and you pay a fixed per-deal cost while staying liquid for the next Wasatch Front opportunity.
Apply for EMD Funding in Salt Lake City, UT
Submit your application online — same-day decisions for complete files before 2 PM Eastern.