Earnest money is a deposit made by a buyer to demonstrate their serious intent to purchase a property. It is typically paid at the time a purchase agreement is signed and is held in escrow until the close of the sale, at which point it is either returned to the buyer or applied towards the purchase price of the property. 

 Opportunities come and go quickly in the real estate world. It can sometimes be challenging to have the full funding for down-payments available right when you need it. Our goal is to provide a simple and reliable source of funding for those looking to enter into a real estate transaction. This eliminates the first hurdle; securing the property. 

There is no minimum or maximum amount that can be borrowed on a short-term agreement. 

 ** If you are the buyer, we will not fund your deal unless it is protected by an inspection period – no exceptions. Funds must be replaced by private money, gap lending, etc., prior to the end of the inspection period or we will have to cancel the contract.  

 Flat fee between 25%-40% of the EMD deposit 

A deposit is required in case the transaction is cancelled after the resources have been deployed.
For EMD we have a 6% upfront deposit ($300 minimum), NON REFUNDABLE, credited toward your fee if the deal goes through. This deposit is wired or transferred via Zelle directly to us and paperwork on fees will reflect the difference between initial deposit and remaining fee amount. 

It can take anywhere from 1-5 days. It’s best to plan on 5 days for funding based on buyer, seller, and title agent response times. It may happen sooner but just to be safe – 5 days. Here is the process:

1. Buyer completes the application
2. Terms are discussed and agreed
3. EMD Release Docs are sent to BUYER for signatures and returned
4. Upon return, signed docs are sent to Title/Attorney for agreement
5. Buyer pays deposit
6. After all parties have agreed and docs are signed the EMD is funded immediately to Title/Attorney

Whether the deal closes or not, the contracts require you to pay us back the EMD. You will not be charged the transaction fee if the deal does not close. The contracts will detail any extensions, late fees or penalties if they apply. Upholding your end of the agreement will help us build a mutually great relationship for funding future deals!