Stack Funding in Norfolk, VA | Swift Deal Funding
Stack Funding in Norfolk, VA
Stack (the Morby Method) supplies the cash a Norfolk deal needs at the settlement table when a seller carry-back covers the buyer’s down payment but the settlement agent still requires real funds in escrow to close. Swift Deal Funding wires that cash as a direct lender; a recorded second-position note repays us plus a flat 2.5% — often the same day. With Norfolk homes near $320,000 and a steady stream of equity-rich PCS sellers, Stack commonly funds $25,000–$70,000 of down-payment-and-costs gap on seller-finance deals, with capacity to $10M.
No credit check, no income verification, no tax returns.
How Stack closes in Norfolk
Virginia is a wet-funding, CRESPA settlement-agent state, so a licensed settlement agent — title company or attorney — handles closing and money must be in escrow before it. On a Stack deal the seller agrees to carry a note covering the buyer’s down payment and costs; we wire the cash the table requires on closing day; the settlement agent disburses to the seller and records our second-position note; and that recorded note repays our advance plus 2.5%, typically same-day.
Norfolk’s angle is the Navy. PCS-driven sellers with equity sometimes prefer a seller-finance structure that closes fast over a full cash sale on a tight timeline, which is exactly where Stack fits. The local caveat is flooding: in low-lying neighborhoods, flood determinations and insurance can be a condition of closing and recording, so clear them early. Confirm specifics with a local Virginia settlement agent.
Pricing
Flat 2.5% of the funded amount. No upfront fees. Collected through settlement.
| Funded Amount | Fee |
|---|---|
| $50,000 | $1,250 |
| $100,000 | $2,500 |
| $500,000 | $12,500 |
What you’ll need
- Executed purchase contract with seller-financing terms
- Seller carry-back large enough to cover the down payment plus closing costs
- Settlement agent prepared to record the second-position note immediately after closing
Norfolk note: clear flood-zone and insurance conditions early and confirm the recording plan with your settlement agent.
A typical Norfolk Stack scenario
A relocating service member with strong equity in a Ghent home agrees to seller-finance the sale at $330,000 and carry a note covering the $55,000 down payment plus closing costs. The settlement agent still needs that cash in escrow to close. Stack wires the $55,000; the agent disburses, records our second-position note, and repays our $55,000 plus the $1,375 fee from the structure — typically same-day. You acquire with little of your own cash in the deal, and the seller closes on their PCS timeline.
Apply
Submit your purchase contract and seller-financing terms online. We coordinate directly with your Virginia settlement agent on the carry-back recording.
Frequently Asked Questions
Can I record a seller-carry second note in Norfolk? +
Yes. Virginia is a wet-funding, CRESPA settlement-agent state, so a licensed settlement agent — title company or attorney — records the second-position note as part of closing. Stack works when the seller's carry-back covers the buyer's down payment but title still needs real funds in escrow to close. We supply that cash; the recorded second note repays us plus a flat 2.5%, often same-day. Confirm the settlement agent will record as agreed before scheduling.
Do PCS sellers in Norfolk carry back notes for Stack? +
Some do. A service member with equity who is relocating on PCS orders may prefer a seller-finance structure that closes fast and produces income over time rather than a full cash sale on a compressed timeline. When the carry-back covers the buyer's down payment plus closing costs, Stack supplies the cash the table requires and repays from the recorded note. It's one way to get a PCS-driven deal done when a conventional buyer can't close fast enough.
Does flood-zone status complicate a Stack closing in Norfolk? +
It can affect title and insurance, not the funding. In low-lying neighborhoods a settlement agent and any lender involved may require flood insurance and a clear flood determination before recording. Stack itself simply provides the closing-table cash; once title is ready to disburse and record the second note, our advance plus 2.5% repays, typically same-day. Clear flood-zone and insurance items early and confirm the recording plan with your Virginia settlement agent.
Apply for Stack Funding in Norfolk, VA
Submit your application online — same-day decisions for complete files before 2 PM Eastern.