DSCR Loans in Jackson, MS
Loan-size math and qualifying analysis for DSCR financing on Jackson's $88k median home value. Strong fit.
Strong fit for Jackson.
Jackson's rent-to-price ratio supports a healthy DSCR (2.15) — above the 1.20-1.25 threshold most lenders require for best pricing. Rental fit score 82/100.
Payment on Jackson's $88k median.
| Median home value (Jackson) | $88,100 |
| Assumed LTV | 78% |
| Loan amount | $68,718 |
| Cash to close (down payment) | $19,382 |
| Assumed rate | 8.50% |
| Term | 30-year amortizing |
| Monthly P&I | $528/mo |
Does Jackson pencil?
| Median monthly rent (Jackson) | $1,255/mo |
| Property taxes (est. 1.1%/yr) | −$81/mo |
| Insurance (est. 0.5%/yr) | −$37/mo |
| NOI (before debt) | $1,137/mo |
| Debt service | −$528/mo |
| DSCR | 2.15 |
Most DSCR lenders require DSCR ≥ 1.10 to fund and ≥ 1.20-1.25 for the best pricing tier. Jackson medians comfortably clear this threshold.
DSCR financing — the mechanics.
A non-QM mortgage product where the lender computes Debt Service Coverage Ratio = NOI ÷ debt service. If DSCR clears their threshold (1.10-1.25 typical), the loan funds regardless of the borrower's W-2 income, DTI, or tax returns. The property qualifies the loan.
Lender requires: 660+ FICO (most), 25% down (typical), 6 months of debt-service reserves, signed lease or projected market rent supported by Form 1007 appraiser-rent comps. Closing in 21-35 days standard.
How Mississippi law affects this loan.
Frequently asked.
What's the typical DSCR loan size for a property in Jackson?
On Jackson's $88k median home value, a DSCR loan at the standard 78% LTV would be approximately $69k, requiring $19k down.
What's the monthly payment on a typical DSCR loan in Jackson?
Fully-amortizing 30-year payment on a $69k DSCR loan at the typical rate of 8.50% would be approximately $528/month, excluding taxes and insurance.
Is Jackson a good market for DSCR financing?
Jackson's rent-to-price ratio supports a healthy DSCR (2.15) — above the 1.20-1.25 threshold most lenders require for best pricing. Rental fit score 82/100.
What credit and reserves do DSCR lenders require for Jackson properties?
Lender requires: 660+ FICO (most), 25% down (typical), 6 months of debt-service reserves, signed lease or projected market rent supported by Form 1007 appraiser-rent comps. Closing in 21-35 days standard.
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