Double Close Funding in Mississippi | Swift Deal Funding
Double close funding in Mississippi
Double close funding lets a Mississippi wholesaler buy from the seller (A→B) and resell to the end buyer (B→C) the same day using our capital for the middle leg. You don’t tie up your own cash — we wire the purchase money, both deeds record, and we’re repaid from the end buyer’s proceeds.
Mississippi is one of the most affordable states in the country, with median home prices hovering around the $170Ks, and that low-price profile defines the wholesale game here. On a property under $120,000, even a modest $20,000 spread is a big percentage of the sale price — exactly the margin you’d rather keep off a shared settlement statement. Investor activity concentrates in Jackson, the Gulf Coast (Gulfport and Biloxi), Hattiesburg and the Memphis-adjacent suburbs like Southaven and Olive Branch. Funded amounts here commonly run $60,000–$200,000.
How a double close closes in Mississippi
Mississippi is an attorney-closing state in practice: closings are customarily conducted by a licensed attorney rather than a title company acting alone. The practical move is to route both the A→B and B→C legs through one closing attorney who is comfortable with same-day, back-to-back transactions and a single title examination. Mississippi is also a wet-funding state, so our money must be in the attorney’s trust account before recording — there’s no float. We wire by 9 AM Eastern, the attorney closes A→B, immediately closes B→C, and disburses. Confirm the disbursement order and recording plan with your closing attorney before the day of close.
Pricing
Tiered flat fee, billed through the closing statement — no upfront charges:
| Funded amount | Fee |
|---|---|
| Up to $1,000,000 | 1.25% |
| $1M–$10M | 1.0% |
| $10M+ | Custom |
A $100,000 Jackson deal carries a $1,250 fee, payable only at a successful close.
What you’ll need
- Executed A-to-B purchase contract
- Executed B-to-C assignment or purchase contract
- Verified end buyer with proof of funds or financing approval
- Same-day closing scheduled on both legs
- One Mississippi closing attorney handling both transactions
No credit check, no income verification, no tax returns. Mississippi note: because counsel runs the closing, bring your attorney in early so the simultaneous structure is documented cleanly.
A typical Mississippi double close scenario
You contract a tired three-bed in Jackson at $78,000 and have a landlord buyer under contract at $108,000 for the same day. The $30,000 spread is over a quarter of the sale price — not something you want visible to the buyer. You double close: we wire $78,000 into the closing attorney’s trust account by 9 AM Eastern, A→B records, B→C records right after, and we’re repaid from the buyer’s funds. Two separate closings, one protected margin.
Apply
Send both contracts and the end-buyer verification online. About 48 hours to wire-ready; same-day for complete files before 11 AM Eastern.
Frequently Asked Questions
Does Mississippi require an attorney to close a double close? +
Mississippi closings are customarily conducted by a closing attorney rather than a title company alone, so plan to run both the A-to-B and B-to-C legs through one attorney comfortable with same-day back-to-back transactions. The attorney examines title, handles escrow and records both deeds. We wire our funds into the attorney's trust account by 9 AM Eastern. Pick counsel who has handled simultaneous closings, and confirm the disbursement order in advance.
Do Mississippi's low prices make double closing worthwhile? +
They can — Mississippi has some of the most affordable housing in the country, with median prices around the $170Ks, so a $15,000–$30,000 spread on a sub-$120,000 property is a large slice of the deal. That's precisely the margin you may not want exposed on an assignment in front of the end buyer. Our 1.25% fee on a low-dollar Mississippi deal is small in absolute terms, so a double close stays economical while keeping your two prices separate.
How fast is a Mississippi double close? +
Standard turnaround is roughly 48 hours from a complete file to wire-ready, with same-day possible for full applications received before 11 AM Eastern. Mississippi is a wet-funding state, so money must be in the closing attorney's trust account before the deed records — we wire by 9 AM Eastern to keep ahead of that. Coordinate the exact timing with your closing attorney, since the attorney controls the disbursement and recording sequence.
Apply for Double Close Funding in Mississippi
Submit your application online — same-day decisions for complete files before 2 PM Eastern.