Stack Funding in Jackson, MS | Swift Deal Funding
Stack Funding in Jackson, MS
Stack funding — the Morby Method structure — covers the cash a closing needs when a seller carries back a note for the buyer’s down payment but the table still requires real funds to close. Swift Deal Funding wires that cash at closing; a recorded second-position note then repays our funds plus a flat 2.5%, often the same day through the closing attorney.
Jackson’s affordability and high vacancy make it a natural seller-finance market. Tired landlords looking to exit and owners of long-held homes in Belhaven or Fondren are often more interested in steady note payments than a small cash-out on a $130,000 property. Stack lets a wholesaler structure those deals without funding the down payment personally.
How a Stack Deal Closes in Jackson
Mississippi is an attorney-closing, wet-funding state, so a licensed Jackson real estate attorney conducts the closing. The seller agrees to a carry-back covering the down payment plus costs, we wire cash at the table, the attorney disburses and records the carry-back note in second position, and that recorded note repays us plus 2.5% — typically same-day.
The local wrinkle is utility liens. Jackson’s water-infrastructure troubles occasionally produce municipal liens that can complicate a second-position note, so have your attorney confirm the title is clear before structuring the carry-back.
Pricing
Flat 2.5% of the funded amount, collected through the closing statement. Nothing upfront.
| Funded amount | Fee |
|---|---|
| $20,000 | $500 |
| $30,000 | $750 |
| $40,000 | $1,000 |
What You’ll Need
- Executed purchase contract with seller-financing terms
- Carry-back amount ≥ required down payment + closing costs
- Jackson real estate attorney ready to record the 2nd note immediately after closing
- Written confirmation that the note will be recorded as agreed
Local note: confirm there are no water-utility or municipal liens with your closing attorney before structuring the carry-back, so the 2nd note holds clean second position.
A Typical Jackson Stack Scenario
You acquire a Belhaven-adjacent rental at $128,000 on a subject-to with a $22,000 seller carry-back covering the down payment and costs. The attorney needs that $22,000 in cash at the table. Stack funds it; the fee is $550. The Jackson attorney closes, records the 2nd note, and that note repays us $22,550 — the seller carries the balance, and you control a cash-flowing rental with no capital out of pocket at closing.
Apply
Submit your purchase contract and seller-financing terms online. We coordinate the carry-back recording with your closing attorney directly.
Frequently Asked Questions
How is the seller-carry note recorded in Jackson? +
Mississippi is an attorney-closing, wet-funding state, so your Jackson real estate attorney conducts the closing and records the seller carry-back note in second position right after the closing funds disburse. We wire the cash the table needs, the deal closes, and that recorded 2nd note repays our funds plus the flat 2.5% — often same-day through the attorney. We require written confirmation that the note will be recorded as agreed before we fund.
What kind of Jackson deals fit Stack funding? +
Subject-to and seller-finance deals where a Jackson seller — often a tired landlord or an owner of a long-held Belhaven or Fondren home — agrees to carry a note covering the down payment, but the attorney still needs real cash at the table. Stack provides it. Jackson is very affordable, with a median near $130,000, so funded amounts here are typically small — often $15,000–$40,000 — and the recorded 2nd note repays us plus 2.5%.
Does the Jackson water crisis affect a Stack deal? +
Not the Stack funding mechanics — we provide cash at the table and the recorded carry-back note repays us plus 2.5% regardless. But the city's water-infrastructure issues can affect a property's value and a seller's willingness to carry paper, so they shape which deals come together. Have your closing attorney confirm there are no water-utility liens before structuring the carry-back, since an unexpected lien could complicate the note's second position.
Apply for Stack Funding in Jackson, MS
Submit your application online — same-day decisions for complete files before 2 PM Eastern.