Mississippi flips tend to start at lower prices than the national average, and costs like coastal insurance can make two similar deals perform very differently. Pick a lender with that in mind.
In short: The best fix and flip lender in Mississippi is the one whose loan size fits your deal and whose total cost, leverage and draw process leave you the most margin. Because many Mississippi homes sell at moderate prices, check that purchase plus rehab clears the lender's minimum before anything else. LendingStreet finances investment property in Mississippi, with loans from $150,000, rates from 9.99% for qualified borrowers, up to 90% of the purchase price and up to 100% of the rehab budget paid in draws. On the Gulf Coast, price wind and flood insurance before you compare lenders.
Start with the basics: does the lender finance your property type and loan size, and does it lend in your county? Then compare terms on the same property in dollars.
On lower-priced deals, fixed closing costs take up a larger share of profit, so ask for a full written estimate.
| Factor | What to ask |
|---|---|
| Loan size | Does purchase plus rehab clear the minimum? |
| Total cost | Rate plus lender and closing costs, in dollars |
| Leverage | Share of purchase and rehab financed, and any ARV cap |
| Draws | How inspections happen and how fast funds arrive |
| Insurance | What coverage is required during the rehab |
| Extensions | What added time costs, and on what conditions |
Our fix and flip loans run from $150,000 to $5M+, with rates from 9.99% for qualified borrowers and terms that typically run 12 to 18 months. A complete file can close in as little as 10 days.
We finance up to 90% of the purchase price and up to 100% of the approved rehab budget, released in draws after each phase is completed and inspected. Experience helps pricing and leverage, and first-time flippers can qualify on some programs, often at lower leverage. The financing team reviews your scenario and comes back with 2 to 3 options.
DeSoto County, including Southaven, Olive Branch and Horn Lake, sits just south of Memphis and draws buyers who work in the Memphis metro. The Jackson metro, including Madison, Ridgeland, Brandon and Flowood, is the state's largest market, with suburbs that have grown as the city itself has lost population.
On the Gulf Coast, Gulfport, Biloxi, Ocean Springs and D'Iberville have demand tied to tourism, shipbuilding and Keesler Air Force Base. College towns like Oxford, home to Ole Miss, Starkville, home to Mississippi State, and Hattiesburg, home to Southern Miss, have their own buyer pools. Tupelo anchors the northeast.
Mississippi's heat and humidity mean buyers look for moisture damage, mold, rot in crawlspaces and termite activity. Many older homes sit on pier-and-beam foundations that may need leveling. Severe storms and tornadoes affect much of the state, so roof condition and insurance cost belong in every budget.
Along the coast, hurricane season runs from June through November, and wind and flood insurance can be a large monthly cost. In Jackson, the city's water system has had well-publicized problems, so confirm utility service and condition at the property. Permitting is handled by each city or county.
This example is illustrative and not a quote. Two similar houses each cost $185,000, need $50,000 of rehab and have an expected ARV of $300,000. Each loan covers 85% of the purchase ($157,250) plus 100% of the rehab ($50,000), for $207,250, about 69% of ARV. Each investor brings $27,750 down and pays sample closing costs of $6,500.
At a sample rate of 10.75% with interest on the full balance, interest is about $1,856.61 a month, or $11,139.69 over six months. The difference is holding costs: $700 a month in DeSoto County and $1,100 a month on the Coast, mostly because of wind and flood insurance.
| Item | DeSoto County | Gulf Coast |
|---|---|---|
| Sale price | $300,000 | $300,000 |
| Purchase and rehab | -$235,000 | -$235,000 |
| Sample closing costs | -$6,500 | -$6,500 |
| Interest, 6 months | -$11,139.69 | -$11,139.69 |
| Holding costs, 6 months | -$4,200 | -$6,600 |
| Selling costs (6%) | -$18,000 | -$18,000 |
| Estimated profit | $25,160.31 | $22,760.31 |
Lenders want comparable sales that support the ARV, a line-item budget and a realistic schedule. In the larger suburbs, comps are usually easy to find. In small towns, sales can be thin, and valuations may come in more conservatively.
Credit, reserves and your track record affect leverage and pricing. A contractor bid and proof of insurance availability strengthen the file, especially on the Coast.
Send the address, purchase contract, scope of work, comparable sales, insurance quotes and bank statements showing the down payment, closing costs and reserves. Add LLC documents and a list of past projects.
If you are unsure whether the deal clears the loan minimum, send it over. We can tell you quickly what the property supports.
Yes. LendingStreet finances investment property in Mississippi, including DeSoto County, the Jackson metro, the Gulf Coast and Oxford. Fix and flip loans are business-purpose loans on non-owner-occupied property from $150,000 to $5M+.
It depends on the deal. RCN Capital, Lima One and LendingOne also write investor loans, and coverage varies by state, so confirm each lender finances in Mississippi. Compare loan minimums, total cost, leverage and draws.
The loan minimum is $150,000, but the loan includes the rehab budget. If purchase and rehab financing together reach $150,000, the deal can qualify.
Yes. The lender requires coverage during the rehab, and wind and flood insurance can raise holding costs. Get quotes before you set your offer.
Yes. Southaven, Olive Branch and Horn Lake are examples of where we finance investment property in that area.
Yes. A DSCR loan can pay off the short-term loan once the property is renovated and rented, qualifying on the property's rent.
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