Asset-Based Loans in Mississippi

Whether you’re looking for an asset-based loan in Jackson or a Mississippi mortgage in any other city, Griffin Funding is here to help you every step of the way. We provide asset-based loans anywhere in the state, ensuring you have access to financial support no matter where you are.

Here are some of the biggest cities in Mississippi where you can benefit from our services:

An asset-based loan might be just what you need if you have significant assets but irregular income. This type of loan is perfect for self-employed individuals, business owners, contractors, freelancers, and retirees who benefit from substantial tax write-offs but may struggle to qualify for traditional loans due to inconsistent income or credit issues. 

Asset-based loans in Mississippi let you leverage your liquid assets, such as bank accounts, investment accounts, retirement accounts, money market accounts, and certificates of deposit (CDs). However, you can’t use assets like equipment, inventory, real estate, or valuables.

Typically, with Mississippi asset-based loans you can use up to 70% of your investment or retirement accounts and 100% of your bank account balance as income. This flexible approach allows you to maximize your borrowing potential based on your liquid assets.

Your borrowing base, or the amount you can borrow based on your assets, is determined by your lender. However, if you have a specific loan size in mind, Griffin Funding can help you potentially exceed this limit to meet your needs.

Additionally, Mississippi DSCR loans offer an excellent solution for investors with significant assets. These loans allow you to qualify based on your property’s rental income rather than your personal income, providing an alternative path to homeownership compared to traditional investment loans.

Asset-based lending is a versatile financial tool that helps you leverage your liquid assets for loan qualification. This approach is especially beneficial if you don’t meet the criteria for traditional loans. Here are some key benefits of asset-based loans:

• Flexible qualification: Asset-based lending in Mississippi allows you to qualify for loans based on your assets rather than your income, making it ideal for those with irregular income.
• Maximized borrowing potential: You can use up to 70% of your investment or retirement accounts and 100% of your bank account balance as income, maximizing your borrowing base.
• Favorable loan terms: By leveraging your assets, you can secure some of the best asset-based mortgage loan rates in Mississippi.
• Quick access to funds: Asset-based loans provide quicker access to funds compared to traditional loans, which can be crucial for timely opportunities or emergencies.
• Enhanced borrowing limits: With an asset depletion mortgage, you can often exceed typical borrowing limits, ensuring you get the loan size you need.

An asset-based mortgage loan in Mississippi is primarily calculated based on your liquid assets, including bank accounts, investment accounts, retirement accounts, money market accounts, and certificates of deposit (CDs). Typically, lenders allow you to use up to 70% of your investment or retirement accounts and 100% of your bank account balance as income. This approach helps maximize your borrowing potential.

To qualify for an asset-based loan in Jackson and beyond, you generally need:

• Significant liquid assets: Your assets should be substantial enough to meet the lender’s requirements, usually 70% of the total value.
• Proof of assets: Documentation of your liquid assets is essential. This includes bank statements, investment account summaries, and retirement account details.
• Good credit history: While the focus is on assets, a decent credit score can help secure better terms.

Griffin Funding’s application process for asset-based loans in Mississippi is straightforward and designed to be user-friendly. Here’s a brief outline:

1. Initial consultation: Start by contacting Griffin Funding to discuss your financial situation and needs. This step helps determine if an asset-based mortgage loan in Mississippi is the right fit for you.
2. Document submission: Gather and submit documentation of your liquid assets. This includes bank statements, investment account summaries, and retirement account details. These documents are crucial for assessing your eligibility for Mississippi asset-based loans.
3. Asset evaluation: Griffin Funding evaluates your assets and helps establish your borrowing base.
4. Loan approval: Once your assets are verified, Griffin Funding calculates your borrowing potential and offers terms for your loan.
5. Funding: After accepting the loan terms, you’ll receive your funds quickly, leveraging asset-based lending in Mississippi to meet your financial needs.

Asset-based loans in Mississippi offer a powerful financial solution if you have substantial assets but irregular income. Unlock significant borrowing potential by leveraging up to 70% of your investment or retirement accounts and 100% of your bank account balance. 

Griffin Funding simplifies the process with expert assistance and ensures you receive the best asset-based lending terms in Mississippi. Plus, enhance your financial management experience with the Griffin Gold app, giving you easy access to your loan details and more on-the-go. 

Ready to take the next step? Apply online or reach out to a Griffin Funding specialist today and discover how asset-based loans in the Magnolia State can work for you. Your financial goals are within reach, and Griffin Funding is here to help you achieve them.