Transactional funding for double closings across Washington.
For wholesalers and assignment deals, we fund the A-to-B leg so you can close the B-to-C. Short-term transactional capital, up to 100% of the purchase, no credit check and no appraisal, priced as a flat fee. Washington closes through licensed escrow rather than an attorney, so the escrow desk sets your calendar. Business-purpose only, and every structure is set in underwriting.
Typical figures, subject to underwriting and market conditions. Not a commitment to lend.
How it works
Funding is typically same-day with flat-fee pricing and no appraisal or credit check, since the loan is repaid from the simultaneous resale. Bring us the closing docs and we handle the rest.
*Typical terms, subject to underwriting and market conditions.
Local FAQ
Transactional Funding in Washington, answered.
Is wholesaling legal in Washington?
Yes, under the general own-account exemption, and Washington has no bespoke wholesaling regime we can point you to. RCW 18.85.151(1) exempts from real estate licensing any person who purchases or disposes of property or a business opportunity for that individual's own account, or that of a group of which the person is a member, and their employees. Buying and selling your own equitable interest fits inside that. Marketing a property you do not own, on behalf of someone else, for compensation, is brokerage. What we could not find is any Washington statute, Department of Licensing guidance, or transparency-act analogue setting out wholesaling disclosure duties, so we are not going to describe rules that we cannot source. Have a Washington real estate attorney review your contract and your disclosures before you use them. Everything we lend on here is business-purpose only.
Who actually closes the two legs in Washington?
A licensed escrow company, not an attorney. Escrow agents are licensed under the Escrow Agent Registration Act, chapter 18.44 RCW, and RCW 18.44.071 requires every escrow transaction to be supervised by a licensed escrow officer. Closing documents are typically prepared by Limited Practice Officers credentialed by the Washington Supreme Court under Admission to Practice Rule 12. Escrow agents carry a $1 million fidelity bond, a $50,000 errors-and-omissions minimum, and a $10,000 surety bond. Practically, that means your closing timeline is the escrow desk's timeline, and the question worth asking before you pick one is whether they have handled your structure before. We will not publish which side customarily pays escrow fees, because we have not verified it. Ask for a written estimate on your specific file. See what a market looks like on the metro pages, for example Everett.
How does Washington's excise tax hit a two-leg transaction?
Two transfers can mean two excise tax events, so price it before you commit. Washington REET is graduated on the selling price: 1.10% up to $525,000, 1.28% to $1,525,000, 2.75% to $3,025,000, and 3.00% above, plus a $5 state technology fee per transfer, with a possible 0.25% local levy and another 0.25% in Growth Management Act jurisdictions. On a $600,000 leg in a full 0.50% city that is $5,775 on the first $525,000 plus $960 on the next $75,000, so $6,735 of state REET plus $3,000 local, about $9,735. Run that math on each recorded transfer in your structure. We have not verified who bears REET by custom in Washington and we are not going to guess, and how a particular assignment or double close is treated for excise tax purposes is a question for your attorney and the county treasurer, not for a lender.
Where does distressed Washington inventory come from, and how much notice do I get?
Trustee's sales under chapter 61.24 RCW, with an unusually long runway. The notice of default goes out at least 30 days before a notice of sale can be recorded, the notice of trustee's sale is recorded and mailed at least 90 days before the sale, and it is published twice, once between the 35th and 28th day and once between the 14th and 7th. RCW 61.24.040(12) sets a floor of 190 days from the date of default before any sale can happen. The other side of that coin is the cure right, which runs to 11 days before the sale date, so a large share of what you track never reaches the block. Build a pipeline rather than a single-file plan. When your B-to-C buyer is ready, apply now and we fund the A-to-B leg in days, not weeks.
Do you run credit for Washington transactional funding?
No. There is no credit check and no appraisal on this program. The loan lives for the length of the A-to-B closing, so what we underwrite is the transaction, not the borrower's file. That also means no hard credit pull anywhere in the process. It is priced as a flat fee rather than an interest rate over time. Business-purpose only, and subject to underwriting.
How much of the Washington purchase do you fund?
Up to 100% of the A-to-B purchase price. On a $600,000 A-to-B leg that is up to $600,000 from us (600,000 x 100% = 600,000), which is the point of the product: you are not bringing purchase capital to a same-day double close. You still need your closing costs, your escrow arrangements, and a B-to-C buyer who is genuinely ready to fund. Turnaround is days, not weeks. Subject to underwriting.
More Transactional Funding questions, answered on the program page
Local rules move. Every tax rate, fee, ordinance and market figure here comes from a primary source and carries the date we read it, and we correct them as the rules change. Where a number is mid-change or we could not verify it, we say so rather than guess. Before you commit a budget, confirm anything that drives it with the city or county, and talk to your attorney or CPA on questions of law or tax.
Published by USA Mortgage Funding, LLC, NMLS #152588. Researched from primary sources by our team, drafted with AI assistance, and every figure checked against its source before publishing. Where an answer rests on a public record, that record is linked under it. Figures read on 2026-08-12.
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