Our transactional funding process connects the purchase and resale files. The closing office can confirm whether the proposed sequence, buyer funds and documentation work for the particular transaction.
Wholesale Double Close Fundingin Somerset, Texas
Somerset's present townsite formed on the Artesian Belt Railroad after an earlier settlement farther south. Its later oilfield history is a reason to read the deed and title documents carefully on a land-related deal. San Antonio Wholesale Double Close connects wholesalers with transactional funding for the purchase side of a double closing. Send the property address, both contract prices and the buyer's status so the purchase and resale can be reviewed together. If the contract includes a larger parcel, clarify what rights and improvements are part of the sale. The closing team can review the title file; do not assume a house purchase includes every interest connected to the land. Submit your Somerset deal, and funding can be ready in as little as 24 hours.
Submit your Somerset deal
Tell us what you have under contract. We'll review it and get back to you.
Deal Received
We have your Somerset deal and will review the numbers. Watch your phone and email for a response.
Published funding fees
Fees start at 1% on funding up to $500K with a $1,000 minimum, step to 1.25% from $500K to $1M, and 1.50% from $1M to $1.5M. Additional days, a second closing company and special paperwork carry the extra fees listed in the schedule. The full schedule with worked examples is on the transactional funding fees page.
Preparing a Somerset closing file
If the contract includes a larger parcel, clarify what rights and improvements are part of the sale. The closing team can review the title file; do not assume a house purchase includes every interest connected to the land.
Funding review for a Somerset resale
Somerset's present townsite formed on the Artesian Belt Railroad after an earlier settlement farther south. Its later oilfield history is a reason to read the deed and title documents carefully on a land-related deal. If the contract includes a larger parcel, clarify what rights and improvements are part of the sale. The closing team can review the title file; do not assume a house purchase includes every interest connected to the land.
Our fees follow the published schedule. Include funding fees, separate closing costs and any special terms when deciding whether the spread supports the deal.
Three steps from contract to close
Both transactions typically run through the same title company or closing office. Read how double closing works in Texas, or see the double close vs assignment comparison.
- 1
Submit the property and contracts
If the contract includes a larger parcel, clarify what rights and improvements are part of the sale. The closing team can review the title file; do not assume a house purchase includes every interest connected to the land.
- 2
Review both linked files
Send the purchase price, resale price and buyer status together. The closing team can identify missing documents and confirm the proposed funding sequence.
- 3
Coordinate the two closings
Funding is considered for the purchase side of the transaction. The closing office confirms disbursement and repayment arrangements before either file is completed.
Questions wholesalers ask
Can I submit a Somerset double closing?
You can send a Somerset property for review. Include the actual address and both contracts; the closing plan and funding remain subject to review.
What local checks matter for a Somerset property?
Somerset's present townsite formed on the Artesian Belt Railroad after an earlier settlement farther south. Its later oilfield history is a reason to read the deed and title documents carefully on a land-related deal. If the contract includes a larger parcel, clarify what rights and improvements are part of the sale. The closing team can review the title file; do not assume a house purchase includes every interest connected to the land.
What is a double closing?
It is a purchase and a separate resale of the same property. The wholesaler takes title between the two transactions, and the closing office coordinates their order and funding.
What costs should I include?
Use the published transactional funding fee schedule alongside the closing costs for each transaction. Extra days, a second closing office or special paperwork can change the funding cost.
Is an assignment always an alternative?
That depends on the contract and the parties involved. Ask the closing team or your legal adviser to confirm what your agreement permits rather than assume it can be assigned.
What should my Somerset buyer confirm?
If the contract includes a larger parcel, clarify what rights and improvements are part of the sale. The closing team can review the title file; do not assume a house purchase includes every interest connected to the land.
Nearby service areas
Ready to fund your Somerset double closing?
Submit the deal and we will review the numbers. The closing office can confirm the sequence and requirements for your file.
Submit Your Deal