Mississippi offers some of the lowest entry prices in the country, which means many flips sit near the bottom of a lender's size range. Picking a lender that funds $150,000 deals quickly and also offers a long-term rental loan matters here.
In short: For Mississippi investors who would otherwise call a local hard money lender, LendingStreet is our top pick. It is built for investors: it funds flips from $150,000 with hard money style closings in as little as 10 days, can cover up to 90% of cost and up to 100% of rehab on some programs, and offers a DSCR refinance when a Mississippi home works better as a rental. Loans run $150,000 to $5M+ with rates from 7.99%.
LendingStreet offers fix and flip and bridge loans for 1-8 unit residential investment property in Mississippi. Loans run from $150,000 to $5M+, cover up to 90% of cost and up to 100% of rehab on some programs, and can close in as little as 10 days. They are short-term and interest-only, with rates from 7.99%.
It fits investors renovating homes in Madison, Rankin and Hinds counties, the Gulf Coast cities of Gulfport, Biloxi and Ocean Springs, DeSoto County near Memphis, and college towns like Oxford, Starkville and Hattiesburg. LLC borrowers are standard, and when a finished home makes more sense as a rental, the exit is a refinance into a LendingStreet DSCR loan that qualifies on the property's rent, with no W-2s or tax returns.
To see your numbers, use the form below or call (877) 298-1001 with the property address, purchase price and rehab scope.
Well-known hard money lenders include CoreVest, Dominion Financial, LendingOne, Lima One and RCN Capital. Compared scenario by scenario for investors in Mississippi, LendingStreet comes out as the stronger choice, and one application covers it.
Figures for other lenders are as stated on each lender's own website as of November 2026. Lender terms change, so verify current terms with any lender before you apply. Ready to see your numbers? Use the form below or call (877) 298-1001.
| Scenario | Best fit | Why |
|---|---|---|
| Fix and flip above $3M | LendingStreet | Our fix and flip program runs from $150,000 to $5M+. LendingOne states fix and flip loans up to $3,000,000, and RCN Capital states up to $2M. |
| Bridge close in about 10 days | LendingStreet | We can close in as little as 10 days. CoreVest states its bridge loans typically close within 2 to 4 weeks. |
| Flip of a 5-8 unit building | LendingStreet | We finance 1-8 unit investor properties. RCN Capital states its fix and flip loans cover 1-4 family homes, condos and townhomes. |
| Property in any state, including DC | LendingStreet | We lend in all 50 states and DC. Lima One states it lends across 46 states, and Dominion Financial lists 49 states plus DC. |
In Mississippi, the usual choices are local hard money lenders, private individual lenders and local banks or credit unions. Here is how they generally compare with LendingStreet on a fix and flip or bridge loan.
The biggest difference is the exit: LendingStreet can move a finished property straight into a long-term DSCR loan.
| What investors need | LendingStreet | Typical local hard money lender | Private individual lender | Local bank or credit union |
|---|---|---|---|---|
| Loan programs | Fix and flip, bridge and DSCR rental loans in one place | Usually short-term only | Varies by individual | Often conventional products; rehab loans vary |
| Leverage | Up to 90% of cost; up to 100% of rehab on some programs | Varies; fees and terms vary | Negotiated deal by deal | Often requires a larger down payment |
| Speed | Close in as little as 10 days | Often fast | Can be fast if funds are available | Often slower underwriting |
| Loan size | $150,000 to $5M+ | Varies | Limited to the individual's funds | Varies |
| Pricing | Rates from 7.99% | Varies | Varies | Varies |
| Long-term exit | Refinance into a DSCR loan with the same lender | Usually no long-term option | Usually no long-term option | Possible; often requires tax returns |
| Borrowing in an LLC | Standard | Common | Varies | Varies |
| Where they lend | All 50 states and DC | Usually local or regional | Usually local | Usually local or regional |
Around Jackson, investors tend to focus on the suburbs in Madison and Rankin counties, including Madison, Ridgeland, Brandon, Flowood and Pearl, where newer subdivisions and steady owner-occupant demand support resale values.
DeSoto County, including Southaven, Olive Branch and Horn Lake, is part of the Memphis metro and draws buyers looking for newer homes. On the Gulf Coast, Gulfport, Biloxi, Ocean Springs and Long Beach offer ranch homes and coastal properties, and Oxford, Starkville and Hattiesburg add college-town demand.
Mississippi does not impose a state real estate transfer tax, which keeps closing costs lower than in many states. You will still pay title, settlement and recording fees, so get an estimate for both the purchase and the sale.
Mississippi generally uses deeds of trust with a nonjudicial trustee's sale, so foreclosures can move faster than in court-supervised states. That brings a steady supply of foreclosure and bank-owned homes, many of which need full rehabs.
Permit requirements vary across Mississippi. Cities generally have building departments, while some rural counties have fewer local requirements, so check with the city or county before you start work.
On the Gulf Coast, wind and hurricane coverage and flood zones drive insurance costs, and they affect both your hold costs and any rental refinance. Inland, older homes may need foundation, roof and electrical updates that should be priced into the budget.
This example is illustrative and not a quote. An investor buys a three-bedroom brick home in Brandon for $165,000 and budgets $45,000 for kitchen, bath, flooring, HVAC and paint. The after-repair value is estimated at $260,000. A loan covering 85% of the price and 100% of the rehab comes to $185,250, about 88.2% of total cost, so the investor brings $24,750 plus closing costs.
The estimated interest-only payment is about $1,621 a month. Over a 5-month hold that is about $8,105 in interest, plus about $1,900 in taxes, insurance and utilities. With assumed buy-side closing costs of $4,950 and selling costs of $18,200, the estimated profit on a sale is about $16,845 on roughly $39,705 of cash invested.
If the investor keeps it as a rental instead, a DSCR refinance at 75% of the after-repair value is $195,000, enough to pay off the $185,250 short-term loan. At $1,950 a month in rent, estimated principal and interest is about $1,330 and taxes and insurance about $470, for a total of $1,800 and a DSCR of about 1.08x, above the 1.0x standard minimum.
| Item | Amount |
|---|---|
| Purchase price | $165,000 |
| Rehab budget | $45,000 |
| After-repair value | $260,000 |
| Short-term loan (85% of price + 100% of rehab) | $185,250 |
| Share of total cost | About 88.2% |
| Estimated monthly interest-only payment | $1,621 |
| Interest over 5 months | $8,105 |
| Estimated profit on sale | $16,845 |
| DSCR refinance at 75% of value | $195,000 |
| Estimated principal and interest | $1,330 |
| DSCR at $1,950 rent | About 1.08x |
Plans change. A slow resale market, a strong rent estimate or a good long-term location can make keeping the home the better move. With LendingStreet, the short-term loan can be refinanced into a DSCR loan that qualifies on the property's rent. Because Mississippi entry prices are low, many investors keep the finished home as a rental, and the DSCR loan qualifies on rent rather than tax returns.
DSCR loans start at $150,000 with no stated maximum, use a 1.0x standard minimum DSCR with sub-1.0 programs available, require a 620 minimum credit score and offer 30-year terms. Rate-and-term refinances go up to 80% LTV on some programs and cash-out goes up to 75%. Seasoning varies by program, so ask before you set your timeline.
Use the same list with every lender you talk to, and get the answers in writing.
Here is how LendingStreet answers: up to 90% of cost and up to 100% of rehab on some programs, close in as little as 10 days, $150,000 to $5M+ with larger balances reviewed case by case, LLC borrowers standard, a 1.0x standard minimum DSCR for the rental exit with sub-1.0 programs, and seasoning that varies by program.
The more we know up front, the sooner we can price your Mississippi deal. Get a quote with the form below or call (877) 298-1001.
Our top pick is LendingStreet. It offers hard money style speed, closing in as little as 10 days, up to 90% of cost and up to 100% of rehab on some programs, and a DSCR refinance for homes you keep, all from one investor lender.
Yes. LendingStreet lends on investment property in Mississippi and in all 50 states and DC. Get a quote with the form below or call (877) 298-1001.
LendingStreet can close in as little as 10 days. A complete file with a signed contract, rehab budget and entity documents helps keep the timeline short.
Up to 90% of cost and up to 100% of rehab on some programs. Loans run from $150,000 to $5M+, and the final terms depend on the deal and your experience.
Yes. Many investors refinance into a LendingStreet DSCR loan that qualifies on the property's rent, with no W-2s or tax returns. Seasoning varies by program.
No. LendingStreet fix and flip loans start at $150,000, which covers many Mississippi deals once rehab is included.
Mississippi does not impose a state real estate transfer tax. You will still pay title, settlement and recording fees, so confirm them with your closing agent.
No. Our loans are business-purpose loans on non-owner-occupied investment property, from single-family homes up to 8 units.
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