DSCR loan snapshot for Mississippi
| Item | Estimate |
|---|---|
| Minimum down payment | 20%–25% |
| Minimum credit score | 660–700 |
| Typical MS home value | $161,400 |
| 3.5% down on typical home | $5,649 |
| 20% down on typical home | $32,280 |
| Avg. effective property tax | 0.74%/yr (~$99/mo) |
| Income for typical home (31% rule) | $50,000 |
Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.
Which Mississippi programs pair with DSCR loans?
- Smart6: A first mortgage with down payment assistance repaid as a second loan.
- Mortgage Credit Certificate: A federal tax credit for part of the mortgage interest paid each year.
Details and current limits: Mississippi Home Corporation (MHC).
How is DSCR calculated?
Lenders divide the property's market rent (from an appraiser's rent schedule or an existing lease) by the full monthly payment: principal, interest, taxes, insurance and any HOA dues. Example: $2,400 rent ÷ $2,000 payment = 1.20 DSCR.
Typical DSCR loan requirements
- Down payment: 20%–25% (sometimes 15% for strong files).
- Credit: 660–700 minimum.
- Reserves: commonly 3–12 months of payments.
- Property types: 1–4 unit homes, condos and townhomes; some lenders allow short-term rentals.
DSCR loans in Mississippi cities
Frequently asked questions
Get matched with DSCR lenders in Mississippi
Answer a few quick questions and get matched with purchase mortgage lenders in your area. Free, and it won't affect your credit score.
Get My MatchesFigures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.