Jackson-area landlords often own houses that are worth less individually than a single loan minimum, spread across three counties with different tax rates and, in some cases, different water systems. A blanket loan is built for that kind of portfolio: one loan, one payment and one review of the whole group.
In short: LendingStreet's blanket portfolio loans combine five or more Jackson-area investment properties, each 1 to 8 units, into one loan with one closing and one payment. The loan qualifies on the portfolio's combined rent, with LLC borrowers standard and no W-2s or tax returns. Release provisions let you sell one property without refinancing the rest, and properties in other states can be included on some programs.
Many single-family rentals in the City of Jackson and nearby towns are worth $90,000 to $200,000. Our DSCR loans start at $150,000, so a loan on one of these homes at 70% or 75% of value often falls short. Combining five or more homes reaches the minimum easily and spreads risk across the group.
Blankets also simplify portfolios built over years with local bank loans, seller financing and cash purchases. Many Jackson landlords own several homes free and clear and a few with small balances at different banks. One blanket can retire those loans, put every property on the same schedule and, where values support it, release equity for repairs or the next purchase.
Combining homes also smooths the ups and downs of individual properties. A vacancy or a large repair on one house matters less when it is one of nine properties carrying a single payment.
Inside Jackson, where prices are lowest, investors buy in South Jackson, North Jackson and established areas such as Belhaven and Fondren's edges, each with different prices and tenant profiles. West of the city, Clinton draws tenants tied to Mississippi College and offers steadier suburban demand. Byram, south of Jackson, has grown with newer homes.
In Rankin County, Pearl, Richland, Flowood and Brandon are popular with investors for their schools, newer housing and separate city services. Madison County, including Ridgeland, Madison and Gluckstadt, carries higher prices and lower cash flow, but very steady tenants.
This example is illustrative and not a quote. An investor owns nine single-family rentals worth about $1,440,000 combined, renting for $12,000 a month. A blanket refinance at 70% of value produces a loan of $1,008,000.
Estimated principal and interest is about $7,014. Taxes across all nine homes are budgeted at about $2,040 a month at the non-homestead class and insurance at $1,050, for a total of about $10,104. Portfolio DSCR is about 1.19x.
Most of these homes would need individual loans well under $150,000. Together, they support one loan with a comfortable ratio.
| Property area | Estimated value | Monthly rent |
|---|---|---|
| South Jackson | $118,000 | $1,100 |
| North Jackson | $126,000 | $1,150 |
| Byram | $148,000 | $1,250 |
| Clinton | $162,000 | $1,350 |
| Clinton | $155,000 | $1,300 |
| Pearl | $171,000 | $1,400 |
| Richland | $166,000 | $1,350 |
| Brandon | $189,000 | $1,500 |
| Flowood | $205,000 | $1,600 |
| Total | $1,440,000 | $12,000 |
Mississippi assesses rentals and other non-homestead real property at a 15% assessment ratio, compared with 10% for an owner-occupied homestead, and rentals lose the homestead exemption. Millage rates differ a lot between the City of Jackson, Hinds County, Rankin County and Madison County, so two similar homes can carry very different tax bills. Use each property's actual bill from the county tax collector.
Mississippi does not charge a real estate transfer tax, which keeps closing costs modest.
Reassessments and millage changes can move bills from year to year, particularly inside the City of Jackson. Check that each bill on your schedule is the most recent one, and note any properties where an appeal is pending.
Homes inside the City of Jackson are served by a water system that has faced serious problems and has been under a federally appointed third-party manager since 2022. Many suburbs run their own water and sewer systems. Tenants increasingly ask about water service before signing, which can affect vacancy and rent on in-city homes. Note the water provider for each property on your schedule; service problems affect tenant retention and, in some cases, repair costs.
Central Mississippi's severe storms and tornadoes push up wind and hail premiums, and older roofs can limit coverage options. One landlord policy scheduling every property keeps renewals in sync and makes the file easier to review. Check flood zones for homes near the Pearl River, the Reservoir and creeks such as Town Creek and Hanging Moss Creek.
Release provisions let you sell one property and pay down the blanket loan without refinancing the rest. The release terms, including how much of the sale proceeds goes to the loan, are set when the loan closes. Jackson investors often sell weaker in-city homes over time and keep suburban ones; plan sales so the remaining homes still support the loan. Our blanket loan release clause guide explains the details.
Suburban homes in Madison and Rankin counties often clear the $150,000 minimum on their own, so individual DSCR loans are an option for those, especially if you plan to sell one or two in the next few years. For portfolios that include lower-priced Jackson homes, a blanket is usually the practical route. Cash-out goes up to 75% LTV, with seasoning that varies by program. See our comparison of blanket and individual DSCR loans, and our multi-state page if you own outside Mississippi.
Send it through the form below or call (877) 298-1001.
Five or more investment properties, each with 1 to 8 units.
Yes. Combining several homes into one loan is the usual way to clear the $150,000 minimum.
Yes. Properties across the metro can be combined, and other states can be included on some programs.
Mississippi assesses rentals at a 15% assessment ratio versus 10% for homesteads, and rentals lose the homestead exemption.
It can affect tenant retention and repair costs. Note it for each property.
Yes. Release provisions let you sell a property and pay down the loan without refinancing the rest.
Yes, up to 75% LTV if the portfolio still clears the minimum. Seasoning varies by program.
No. Our investor loans are business-purpose loans on non-owner-occupied property.
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