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DSCR Loans in Mississippi

Qualify on the rent, not your tax returns.

A DSCR loan in Mississippi is an investment property mortgage that qualifies on the rent the property earns, not your personal income. HUD puts the 2 bedroom Fair Market Rent for the Jackson metro at $1,289 a month (HUD User). Pillar Mortgage Group (NMLS 2700076) arranges DSCR loans in Mississippi up to $5 million.

Run my Mississippi dealCheck your DSCR

Facts checked November 1, 2026. Not a commitment to lend.

Facts checked November 1, 2026

Mississippi at a glance for DSCR investors

Pulled from state statutes, state agencies, the Census Bureau and FRED. Each row links to its source.

Mississippi factValueSource
Security instrumentDeed of trust (statute also covers mortgages)codes.findlaw.com
ForeclosureNonjudicial trustee sale at public outcry under the power of sale, advertised for three consecutive weeks in a county newspaper and posted at the county courthouseMiss. Code 89-1-55
Security depositNo statutory cap found in 89-8-21Miss. Code 89-8-21
Notice for unpaid rent3 days written notice to pay or the rental agreement terminatesMiss. Code 89-8-13(5)(a)
Rent controlMunicipalities may not directly or indirectly regulate the amount of rent charged for private residential property absent other specific state authorizationMiss. Code 21-17-5(2)(h)
LLC formation fee$50sos.ms.gov
Median listing price$292,250 in September 2026 ($296,450 in September 2025)Realtor.com via FRED
HUD 2 bedroom Fair Market Rent$1,289, The Jackson metroHUD User
The definition

How a DSCR loan works in Mississippi

DSCR is monthly rent divided by PITIA (principal, interest, taxes, insurance and HOA). At the HUD 2 bedroom Fair Market Rent for the Jackson metro of $1,289, a 1.00 ratio supports PITIA up to $1,289 and a 0.50 ratio up to $2,578.

Full walk through: how DSCR is calculated.

Where PMG is different

Where PMG is different in Mississippi

What PMG can place for a Mississippi rental, in short.

  • First time buyers: allowed, no VOR
  • Cash out: no seasoning
  • Reserves: none under $1M, 75% LTV
  • Assets: no sourcing
  • Gift funds: 100%
  • ADUs: multiple
  • Foreign nationals: 70% / 60% LTV
  • DSCR: from 0.50
  • Interest only: 70% / 65% LTV

Loan amount

Up to $5M

Credit

660 and up

Down

20 to 25%

Vesting

LLC ok

Guidelines summarized; subject to program terms, property and borrower eligibility. Not a commitment to lend. Compare with typical DSCR programs.

Mississippi rental market

Mississippi rental market snapshot

These public benchmarks show where Mississippi rents and prices sit right now.

HUD Fair Market Rent, 2 bedroom

$1,289

The Jackson metro (FY2027)

HUD User

HUD Fair Market Rent, 2 bedroom

$1,185

The Gulfport metro (FY2027)

HUD User

Median listing price

$292,250

September 2026, down 1.4% from $296,450 in September 2025

Realtor.com via FRED

Quick math (computed from the figures above): Using the Mississippi median listing price, $292,250, a 25% down payment is $73,062 and the loan is $219,188. A year of rent at the Fair Market Rent for the Jackson metro ($1,289) is $15,468, or 5.3% of that price. A year of rent at the Fair Market Rent for the Gulfport metro ($1,185) is $14,220, or 4.9% of that price.

Fair Market Rent is a HUD benchmark, not an appraisal.

Calculator

Check your Mississippi DSCR in seconds

The rent field starts at the HUD 2 bedroom Fair Market Rent for the Jackson metro. HUD also lists the Jackson metro at $1,289 and the Gulfport metro at $1,185. Swap in your lease or appraisal rent, then add your quoted rate. For a price reference, the median Mississippi listing was $292,250 in September 2026.

Mississippi DSCR Calculator

See how a rental's income stacks up against its full monthly payment. Your numbers stay in your browser.

Income
Example: HUD 2 bedroom Fair Market Rent for the Jackson metro. Replace it with your rent.
Loan
Expenses
Leave blank if there is no HOA.

Your DSCR results

Enter rent, price and your quoted rate to see your DSCR.

Formula used

Loan amount (L) = Price × (100 minus Down %) ÷ 100

P&I (30 year fixed) = L × r × (1 + r)^360 ÷ ((1 + r)^360 minus 1), where r = annual rate ÷ 100 ÷ 12

P&I (40 year interest only) = L × r

PITIA = P&I + Tax ÷ 12 + Insurance ÷ 12 + HOA

DSCR = Monthly rent ÷ PITIA

Rent needed for a target DSCR = Target × PITIA

Talk through your numbers with us

Estimates only. Not a loan offer. Rates and terms vary by lender, property and borrower. Company NMLS #2700076. Example values are illustrations, not a quote.

The math

DSCR worked examples for Mississippi

Hypothetical PITIA of $1,775 (P&I $1,400, taxes $250, insurance $125), real Mississippi rents. Not a quote or a rate.

The Jackson metro

HUD FY2027 2 bedroom Fair Market Rent (source)
$1,289
Hypothetical PITIA
$1,775

0.73DSCR

$1,289 / $1,775 = 0.73: fits programs down to 0.50.

The Gulfport metro

HUD FY2027 2 bedroom Fair Market Rent (source)
$1,185
Hypothetical PITIA
$1,775

0.67DSCR

$1,185 / $1,775 = 0.67: fits programs down to 0.50.

Talk to us

Have a Mississippi rental in mind? Run it with us.

Share the deal and we will run the ratio, compare lenders and lay out your options in plain numbers.

Investors from any state can buy in Mississippi.

See If My Mississippi Deal Qualifies

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Your information is never sold or shared. By submitting you authorize Pillar Mortgage Group LLC to contact you by phone, text, or email. Equal Housing Lender.

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Top markets

Mississippi metros and local rental rules

Where Mississippi investors are buying, and the local rules that apply to rentals there.

Jackson

$1,289

HUD 2 bedroom Fair Market Rent, the Jackson metro (HUD)

Landlord and tenant law

Mississippi landlord and tenant rules that affect your DSCR

Know the Mississippi landlord rules before you close. They shape your lease, your deposit and how fast you can act on unpaid rent.

TopicThe ruleCitation
Security deposit capNo statutory cap found in 89-8-21Miss. Code 89-8-21
Deposit return deadline45 days after termination of tenancy and surrender/demandMiss. Code 89-8-21
Notice nonpayment3 days written notice to pay or the rental agreement terminatesMiss. Code 89-8-13(5)(a)
Notice end month to month30 days written noticeMiss. Code 89-8-19(3)
Rent controlMunicipalities may not directly or indirectly regulate the amount of rent charged for private residential property absent other specific state authorization.Miss. Code 21-17-5(2)(h)

Not legal advice.

Property taxes

Mississippi property taxes on a rental

Every dollar of tax raises the payment the rent has to cover. Here is how Mississippi assesses and taxes property.

  • Assessment: Single family owner occupied residential property (Class I) is assessed at 10% of true value. All other real property including rentals (Class II) is assessed at 15% of true value. Assessors must revalue real property at least once every four years. (dor.ms.gov)
  • Caps homestead: Homestead exemption requires the property be the owner's primary residence; rental property does not qualify. (dor.ms.gov)
  • Investor note: A rental is assessed at 15% versus 10% for an owner occupied home, so the same house carries about 50% more assessed value as a rental (computed from the two ratios). (dor.ms.gov)
Closing and foreclosure

Mississippi closing and foreclosure basics for investors

Who closes your loan, which security instrument you sign and what the state charges to record it.

  • Security instrument: Deed of trust (statute also covers mortgages) (codes.findlaw.com)
  • Foreclosure: Nonjudicial trustee sale at public outcry under the power of sale, advertised for three consecutive weeks in a county newspaper and posted at the county courthouse. Miss. Code 89-1-55 (codes.findlaw.com)
LLC and vesting

Mississippi LLC costs and vesting

What it costs to form and keep an LLC in good standing with the Mississippi Secretary of State.

  • Formation fee: $50. Certificate of Formation F0100 (sos.ms.gov)
  • Annual report fee: No fee. Domestic LLC annual report F0108 is $0; foreign LLC $250 (sos.ms.gov)
Local angle

What makes Mississippi different for rental investors

  • Mississippi has some of the lowest median listing prices in the country, which helps rent to price ratios. Demand drivers include the Gulf Coast's military presence and tourism around Biloxi, state government in Jackson, and university towns such as Oxford and Starkville.
Before you offer

Mississippi investor checklist

Check each of these on any Mississippi rental you plan to finance.

  • Security deposit: No statutory cap found in 89-8-21 (Miss. Code 89-8-21)
  • Unpaid rent notice: 3 days written notice to pay or the rental agreement terminates (Miss. Code 89-8-13(5)(a))
  • Ending a month to month lease: 3 days written notice to pay or the rental agreement terminates (Miss. Code 89-8-13(5)(a))
  • Rent control: Municipalities may not directly or indirectly regulate the amount of rent charged for private residential property absent other specific state authorization (Miss. Code 21-17-5(2)(h))
  • Tax basis: Single family owner occupied residential property (Class I) is assessed at 10% of true value (dor.ms.gov)
  • Security instrument: Deed of trust (statute also covers mortgages) (codes.findlaw.com)
  • Foreclosure: Nonjudicial trustee sale at public outcry under the power of sale, advertised for three consecutive weeks in a county newspaper and posted at the county courthouse (Miss. Code 89-1-55)
  • LLC formation: $50 (sos.ms.gov)
  • LLC upkeep: No fee (sos.ms.gov)
Step by step

Five steps to a Mississippi DSCR loan

  1. Send the Mississippi deal
  2. We run the DSCR
  3. We shop lenders
  4. Appraisal confirms rent
  5. Close in your name or LLC

Documents: contract, lease or rent schedule, bank statements, LLC papers, insurance quote. No tax returns. Details.

35 states and counting

DSCR loans across the country

Mississippi is highlighted. We also lend DSCR in Louisiana, Arkansas, Tennessee and Alabama next door, and in 30 more states. Tap a gold state to open its guide.

DSCR loans in AlabamaDSCR loans in AlaskaDSCR loans in ArizonaDSCR loans in ArkansasDSCR loans in ColoradoDSCR loans in ConnecticutDSCR loans in DelawareDSCR loans in GeorgiaDSCR loans in HawaiiDSCR loans in IndianaDSCR loans in IowaDSCR loans in KansasDSCR loans in KentuckyDSCR loans in LouisianaDSCR loans in MaineDSCR loans in MarylandDSCR loans in MassachusettsDSCR loans in MichiganDSCR loans in Mississippi (this page)DSCR loans in MissouriDSCR loans in MontanaDSCR loans in New HampshireDSCR loans in New MexicoDSCR loans in North CarolinaDSCR loans in OhioDSCR loans in OklahomaDSCR loans in PennsylvaniaDSCR loans in Rhode IslandDSCR loans in South CarolinaDSCR loans in TennesseeDSCR loans in TexasDSCR loans in WashingtonDSCR loans in West VirginiaDSCR loans in WisconsinDSCR loans in Wyoming
MississippiWe lend DSCR hereAsk us

Small states, tap to open:

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Prefer a list? Use the state selector

Map geometry: US Census Bureau cartographic boundary files.

FAQ

Mississippi DSCR loan questions

Straight answers for investors buying or refinancing rentals in Mississippi.

PMG guidelines summarized; subject to program terms, property and borrower eligibility. Not a commitment to lend.

Book a free call

Does Pillar Mortgage Group offer DSCR loans in Mississippi?

Yes. Purchases, rate and term and cash out refinances on Mississippi rentals, up to $5 million, in your name or an LLC. That includes Jackson, Gulfport-Biloxi, Hattiesburg and Southaven (Memphis metro).

Which rent counts on a Mississippi DSCR loan?

The lease or the appraiser's market rent. As a benchmark, HUD puts the 2 bedroom Fair Market Rent for the Jackson metro at $1,289 a month.

What are the Mississippi security deposit rules?

No statutory cap found in 89-8-21. (Miss. Code 89-8-21)

What notice is required for unpaid rent in Mississippi?

3 days written notice to pay or the rental agreement terminates. (Miss. Code 89-8-13(5)(a))

What notice ends a Mississippi month to month tenancy?

3 days written notice to pay or the rental agreement terminates. (Miss. Code 89-8-13(5)(a))

How does Mississippi assess property tax on a rental?

Single family owner occupied residential property (Class I) is assessed at 10% of true value. All other real property including rentals (Class II) is assessed at 15% of true value. Assessors must revalue real property at least once every four years.

Can Mississippi cities cap rent?

Municipalities may not directly or indirectly regulate the amount of rent charged for private residential property absent other specific state authorization. (Miss. Code 21-17-5(2)(h))

What security instrument does Mississippi use?

Mississippi closes on a deed of trust. Deed of trust (statute also covers mortgages). Foreclosure: Nonjudicial trustee sale at public outcry under the power of sale, advertised for three consecutive weeks in a county newspaper and posted at the county courthouse. (Miss. Code 89-1-55)

Can my Mississippi LLC hold the rental?

Yes, PMG DSCR loans can close in an LLC. $50. Certificate of Formation F0100. No fee. Domestic LLC annual report F0108 is $0; foreign LLC $250.
Nearby states

DSCR loans in nearby states

Investing across state lines? We lend DSCR in these neighbors of Mississippi too.

Sources and review dates

Primary sources, each with the date checked. PMG program facts come from Pillar Mortgage Group.

  1. HUD FY2027 Fair Market Rent, Jackson, MS HUD Metro FMR Area: https://www.huduser.gov/datasets/fmr/fmr2027/summary?counties=2804999999&reporttype=county&states=28&year=2027&sa_override=1
  2. Miss. Code 89-1-55 (FindLaw): https://codes.findlaw.com/ms/title-89-real-and-personal-property/ms-code-sect-89-1-55/ (checked 2026-11-01)
  3. Miss. Code 89-8-21: https://law.justia.com/codes/mississippi/title-89/chapter-8/section-89-8-21/ (checked 2026-11-01)
  4. Miss. Code 89-8-13: https://law.justia.com/codes/mississippi/title-89/chapter-8/section-89-8-13/ (checked 2026-11-01)
  5. Miss. Code 21-17-5: https://law.justia.com/codes/mississippi/title-21/chapter-17/section-21-17-5/ (checked 2026-11-01)
  6. MS SOS fee schedule: https://www.sos.ms.gov/content/documents/Business/FeeSchedule.pdf (checked 2026-11-01)
  7. Realtor.com via FRED: https://fred.stlouisfed.org/series/MEDLISPRIMS
  8. HUD FY2027 Fair Market Rent, Gulfport, Biloxi, MS HUD Metro FMR Area: https://www.huduser.gov/datasets/fmr/fmr2027/summary?counties=2804799999&reporttype=county&states=28&year=2027&sa_override=1
  9. Miss. Code 89-8-19: https://law.justia.com/codes/mississippi/title-89/chapter-8/section-89-8-19/ (checked 2026-11-01)
  10. MS DOR property tax FAQ: https://dor.ms.gov/county-services/property-tax-frequently-asked-questions (checked 2026-11-01)
Mississippi investors

Let the rent do the qualifying.

Send the Mississippi property and rent. We run the ratio and lay out terms before you offer.

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Pillar Mortgage Group, LLC is an Equal Housing Lender, doing business in accordance with the Fair Housing Act and Equal Credit Opportunity Act. Not a commitment to lend.
Company NMLS# 2700076  |  Arizona License MB-2009671  |  View NMLS Consumer Access