Stack Funding in Mississippi | Swift Deal Funding
Stack (Morby Method) funding in Mississippi
Stack funding provides the cash a deal needs at the closing table when a seller carry-back note covers the buyer’s down payment but the closing still requires real funds to clear. We supply the cash; a recorded second-position note repays our funds plus a flat 2.5%, often the same day through closing. Typical funded amounts in Mississippi run $30,000–$90,000, with capacity up to $10 million per transaction.
Mississippi has some of the most affordable housing in the country, with medians around the $170Ks, and seller-financed structures are common in that environment — owners with equity in lower-priced homes often prefer to carry a note than take a small cash payout. Activity concentrates in Jackson, the Gulf Coast (Gulfport and Biloxi), Hattiesburg and the Memphis-adjacent suburbs of Southaven and Olive Branch. Because the prices are low, the down payments these carry-backs cover are modest, so Stack amounts here run on the smaller side.
How a Stack deal closes in Mississippi
Mississippi is an attorney-closing, deed-of-trust state, and a non-judicial foreclosure state. A licensed closing attorney conducts the closing and records the instruments with the chancery clerk, so the seller’s carry-back is documented as a deed of trust and our repayment note records as a second-position deed of trust behind it. The attorney disburses to the seller, records both instruments, and our funds plus the 2.5% are repaid — typically same day. Because counsel controls recording and priority, confirm the carry-back terms, the second-position recording, and the timing with your Mississippi attorney before closing.
Pricing
Flat 2.5% of the funded amount, settled through the closing statement — nothing upfront:
| Funded amount | Fee |
|---|---|
| $50,000 | $1,250 |
| $100,000 | $2,500 |
| Up to $10,000,000 | 2.5% flat |
What you’ll need
- Executed purchase contract with seller-financing terms
- Seller carry-back large enough to cover the required down payment plus closing costs
- Closing attorney ready to record the second-position deed of trust immediately after closing
- Written confirmation from the attorney that the note will record as agreed
No credit check, no income verification, no tax returns. Mississippi note: bring your attorney the carry-back and second-note structure early so recording and priority are clean.
A typical Mississippi Stack scenario
A Hattiesburg owner with a paid-off home agrees to carry back a note covering the buyer’s down payment, but the closing still needs cash at the table to clear. You bring in Stack: we provide the funds, the closing attorney disburses to the seller, records the carry-back deed of trust and our second-position note, and our cash plus 2.5% is repaid through the close. You completed a seller-financed deal without fronting the down payment — and at Mississippi prices, the fee was small.
Apply
Submit your purchase contract and seller-financing terms online. We coordinate directly with your closing attorney on the second-position recording.
Frequently Asked Questions
Who records the second note on a Mississippi Stack deal? +
Mississippi closings are customarily conducted by a closing attorney, so the attorney records the instruments with the chancery clerk rather than a title company alone. The seller's carry-back is documented as a deed of trust and our repayment note records in second position behind it. We coordinate with your closing attorney so the second note records immediately after closing and our funds plus the flat 2.5% are repaid, typically the same day. Confirm the recording and priority with counsel beforehand.
Does Mississippi use a deed of trust for the seller carry-back? +
Yes — Mississippi secures real estate debt with deeds of trust rather than mortgages, and Mississippi is a non-judicial foreclosure state. For Stack, the seller's carry-back is documented as a deed of trust and our repayment note records as a second-position deed of trust behind it. That's a routine instrument for Mississippi closing attorneys. The product mechanics are unchanged: cash at the table, repaid by the recorded second note plus 2.5%. Verify the structure with your attorney.
Do Mississippi's low prices make Stack worthwhile? +
On Mississippi's affordable inventory — medians around the $170Ks — the down payment a carry-back covers is smaller, so Stack-funded amounts here tend to run modest and the flat 2.5% stays low in dollar terms. Where a motivated seller with equity prefers to carry a note rather than take a full cash payout, Stack lets you close the creative-finance deal without bringing the down payment yourself. It's a clean fit for the seller-financed deals common around Jackson and the Gulf Coast.
Apply for Stack Funding in Mississippi
Submit your application online — same-day decisions for complete files before 2 PM Eastern.