EMD Funding in West Palm Beach, FL | Swift Deal Funding
EMD Funding in West Palm Beach, FL
EMD funding puts up the earnest money deposit on your West Palm Beach contract so you can lock a property without committing your own cash. We send the deposit — $5,000 to $25,000 — straight to the title company holding escrow, usually within 24 hours of a complete application. It’s our cheapest, fastest product, built for wholesalers running several Palm Beach County deals at once: a Northwood value-add, a Pleasant City flip, or a waterfront condo where the seller wants a strong deposit. The deposit must be refundable under your contract’s inspection or due-diligence terms.
How EMD funding works in West Palm Beach
Florida is a title-company closing state, so your earnest money goes to the Palm Beach County title or escrow office, not an attorney as in Georgia. Once we have your executed contract with refundable EMD language, the title contact, written confirmation the deposit is refundable, and your ID, we wire to escrow — 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. Confirm refund terms in writing with the title company 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 $20,000 EMD under Option B costs $2,000 total — paid once, nothing at closing.
What you’ll need
- Executed purchase contract with refundable EMD language
- West Palm Beach title / escrow company contact
- Written confirmation from title that the EMD is refundable
- Your photo ID
No credit check, income verification, or tax returns. Local note: on condos, association approval and recertification can stretch due-diligence timelines, and Florida’s insurance crisis can delay binders — make sure your refund window covers those before the deposit goes hard.
A typical West Palm Beach EMD scenario
You go under contract on a $400,000 Intracoastal condo you plan to assign. The seller wants a $15,000 deposit to take it off market. Under Option B, we wire $15,000 to the title company within 24 hours for a $1,500 fee. Your cash stays free for the next acquisition, and if the estoppel or inspection kills the numbers, the refundable deposit returns to us.
Apply
Submit your contract and title company contact online — most files take under ten minutes.
Frequently Asked Questions
Where does the deposit go on a West Palm Beach contract? +
We wire the EMD directly to the Florida title or escrow company holding your Palm Beach County deal — usually within 24 hours of a complete application and written confirmation. Florida closes through a title company, so the escrow office is your contact, not an attorney as in Georgia. The deposit must be refundable under your contract's inspection or due-diligence terms, and we need the title company's written confirmation that it returns to us if the deal doesn't close.
How much earnest money will you fund in West Palm Beach? +
We fund EMDs from $5,000 to $25,000. That range covers most West Palm Beach contracts, from a Pleasant City rehab to a near-median $400K waterfront condo where sellers often want a stronger deposit to take the unit off market. 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 choice for predictable per-deal cost. Choose based on your close-through rate.
Why use EMD funding instead of my own cash in West Palm Beach? +
Palm Beach County's competitive condo and waterfront inventory often demands a serious deposit, and locking your own cash in several escrows at once drains working capital. EMD funding lets you tie up multiple properties — say a Northwood flip and an Intracoastal condo — while your cash stays free. Because the deposit is refundable per your contract, your downside is limited to our fee if the deal dies during due diligence.
Apply for EMD Funding in West Palm Beach, FL
Submit your application online — same-day decisions for complete files before 2 PM Eastern.