Hard Money Lenders in Biloxi, MS | Fix & Flip Loans | Capital Kings LLC
Broker, not a lender

Hard Money Lenders inBiloxi, Mississippi

Fix and flip, DSCR rental and new construction financing for Biloxi investors. We do not lend our own money, we shop your deal across a 400+ lender network and come back with real terms you can compare on total cost.

Get a term sheet →Price a Biloxi deal

Prefer to talk it through? Call or text Micah at (281) 636-5682.

Reviewed by Micah Foster, Founder & CEO · October 2026
How we work

What you get working with us

400+
Lenders we shop your deal across
7-30
Days to fund, by program
100%
Of rehab funded, released in draws
9.50%
Rates from, in Mississippi, with 2+ completed flips
Run the numbers

Price a Biloxi deal right now

Prefilled with a realistic Biloxi deal. Change any number and it reprices instantly on the lanes licensed in Mississippi, using the same engine behind our term sheets.

Enter your numbers to see the program, loan size and cash to close.
Get a real term sheet →Same math as our term sheet. No credit pull, nothing saved.
The market

Financing a deal in Biloxi

Biloxi sits on a narrow peninsula between the Mississippi Sound and the Back Bay, which shapes almost everything about a flip here. The older city, East Biloxi and Point Cadet, took Katrina’s surge head on, and much of what stands there now is rebuilt or raised. West Biloxi around Keesler Air Force Base is mostly mid-century ranches on slab, and Woolmarket north of the bay is newer, bigger and higher ground.

Biloxi turns on two things: Keesler and elevation. The base keeps a steady flow of airmen, officers and contractors cycling through, many with VA eligibility and a few years on orders, which gives West Biloxi a reliable buyer and renter pool. Then the lot’s height above flood level decides what that buyer pays to insure it. A house on higher ground near the base can be an easy sale; a similar one in a low pocket of East Biloxi may not be.

A real term sheet

What a Biloxi deal looks like on paper

Biloxi example: $145,000 purchase, $45,000 rehab, $255,000 after repair value, 730 credit, first flip. The engine puts that borrower on the First Flip, 10% Down program at 9.99%. Think of a 1970s slab ranch in West Biloxi a few blocks from Keesler, with a leaky window wall, an old HVAC system and carpet over terrazzo. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$171,000
Cash to close$33,662
Proof of funds to show$55,703
Where the $33,662 goes
  • Down payment (10% of purchase plus rehab)You$19,000
  • Origination (2.13%)Lender$3,634
  • Lender fees (flat)Lender$2,790
  • Broker fee (1%)Broker$2,000
  • Title and closing (estimate at Texas rates)Title$3,181
  • Prepaid interest (15 days)Lender$702
  • Property insuranceInsurer$1,805
  • AppraisalAppraiser$550

Interest while you rehab: $1,049 a month on the $126,000 funded at closing, $1,424 once every draw is out. Proof of funds is cash to close plus $13,500 of rehab reserve and $8,541 of interest reserve. Sample borrower, sample address; the sheet is issued by the same engine as the borrower’s instant term sheet.

Programs

What we can fund in Biloxi

ProgramDown paymentMin creditExperienceRateOriginationMax loanTermClose
First Flip, 10% Down110%660+First flip OK9.99%2%75% of ARV12 months21-30 days
7.5% Down, 3+ Flips27.5%660+3+ completed flips9.99%1.5%75% of ARV12 months21-30 days
5% Down, 5+ Flips35%660+5+ completed flips9.99% to 10.99%2%75% of ARV9-24 months10-14 days
100% Financing, 2+ Flips40% (100% financing)620+2+ completed flips9.50% to 12.00%2.5%70% of ARV9 months7-14 days
  1. Rate 9.99% at 2 to 2.25 points by credit; buy down to 8.99%. Loans under $150,000 add 0.5% to the rate and half a point, under $100,000 1.5% and a point. Under 680 credit the loan caps at 87.5% of cost. Standard interest, charged only on funds drawn. The loan is capped at a share of purchase plus rehab, the full rehab held back for draws, and the ARV must be at least 1.25 times purchase plus rehab. Processing $500, legal $1,495 and underwriting $795.
  2. Rate 9.99% at 1.5 to 1.75 points by credit; buy down to 8.99%. Loans under $150,000 add 0.5% to the rate and half a point, under $100,000 1.5% and a point. Under 680 credit the loan caps at 90% of cost. Standard interest, charged only on funds drawn. The loan is capped at a share of purchase plus rehab, the full rehab held back for draws, and the ARV must be at least 1.25 times purchase plus rehab. Processing $500, legal $1,495 and underwriting $795.
  3. Rate is set per file from 9.99%; origination about 2% plus a $995 processing fee.
  4. Needs 2 completed flips in the last two years and about $75,000 in verified liquidity. Rate 9.5% to 12% and 2 to 3 points, set per file. Purchase plus rehab must fit under 70% of ARV.

Origination has a $2,000 minimum on every program and the broker fee is 1% with a $2,000 minimum. These are the numbers the instant term sheet uses as of October 2026. Strong credit, cash and a track record can price lower through specific lenders in the network.

What we check first

Where Biloxi prices sit right now

Before we price a Biloxi flip, we look at where sales in the city sit today. Your block can run well above or below these numbers, so treat them as the starting point, not the answer.

Redfin puts the Biloxi median sale price at $307K for the three months ending September 2026, up 25.5% on a year earlier, with homes selling in around 47 days. Zillow’s average home value for the city is $241,021, up 3.2%. In 39531, the West Biloxi ZIP next to Keesler, Redfin’s median is $230K, up 2.2%, with homes selling in about 42 days.

Median sale price, Biloxi (Redfin)$307K
Days on market, Biloxi (Redfin)47
Average home value, Biloxi (Zillow)$241,021
39531 median sale (Redfin)$230K

Sources: Redfin, Biloxi housing market · Zillow, Biloxi home values · Redfin, 39531 housing market

Underwriting

How a Biloxi file actually gets priced

Biloxi appraisers keep the peninsula and Woolmarket apart, since prices north of the bay run on a different scale. We set the after repair value off renovated sales from the same side of the water and the same flood exposure, and we check whether a comp was raised or rebuilt after the storm. The citywide median jumped this year, so we lean on closed renovated sales near the subject instead of that headline number.

Storm surge, flood and wind dominate. Much of East Biloxi sits in high-risk flood zones, where heavy rehab can trigger the requirement to elevate, and wind coverage on the coast often runs through the state wind pool, separate from the flood policy. Salt air is hard on roofs, AC condensers and metal fixtures, and slab houses near the water can carry old flood damage under new paint. Ask for the flood claim history on every address.

The exit

Who buys your finished Biloxi deal

The finished Biloxi house sells to Keesler families and civilian staff, hospital workers and the large casino workforce along Beach Boulevard and the Back Bay. A lot of them use VA loans, which want a house in solid shape. Because service members rotate out, a well-located house near the base often rents easily, so holding it with a DSCR refinance is a real exit if the sale is slow.

After you apply

Your whole loan, in one portal

Apply once and the whole Biloxi loan lives in the borrower portal: the term sheet you can accept and sign in the browser, where the loan stands, one place for documents, and the list of what the lender is still waiting on. These are real screens from the portal.

Capital Kings borrower portal: Welcome to your file
Welcome to your fileSign in and the term sheet is waiting, with every fee and who it goes to.
Capital Kings borrower portal: Where the loan stands
Where the loan standsApplication, appraisal, title, underwriting, clear to close.
Capital Kings borrower portal: Run the deal again
Run the deal againThe analyzer priced off your real numbers, before and after the appraisal.
Capital Kings borrower portal: What the lender still needs
What the lender still needsEvery open condition, what clears it, and who it is waiting on.
What happens after you apply →Tour the borrower portal
Loan products

What we fund in Biloxi

Fix & Flip

Purchase plus 100% of rehab, released in draws. The core product in Biloxi.

0% down (100% financing) from 9.50% at 620+ credit with 2+ completed flips, when purchase plus rehab fits under 70% of ARV · 10% down from 9.99% at 660+ credit on a first flip

DSCR Rental

Qualifies on the property’s rent, not your W-2. The usual exit when a flip becomes a hold, and the long-term financing on a BRRRR.

30-year · no income docs

New Construction

Ground-up for builders and infill developers, with a draw schedule matched to the build timeline.

Land + build financing
Coverage

Where we lend in Biloxi

We broker deals across the whole Biloxi market. These are the submarkets investors ask us about most:

West Biloxi and Edgewater (39531)East Biloxi and Point Cadet (39530)Downtown Biloxi and the Back Bay (39530)Woolmarket (39532)North Biloxi and the Popps Ferry corridor (39532)
Process

From deal to funded

01

Send the deal

Address, purchase price, rehab budget and your ARV. Three minutes, no credit pull.

02

We shop it

Your scenario goes to the lenders in our network that actually fit it and are licensed in Mississippi, not all 400 at once.

03

Real terms back

Rate, origination, leverage and cash to close side by side, so you can compare on total cost.

04

Close

Plan on 7-14 days with completed flips and 21-30 days on a first flip. We stay on title and the lender through funding.

Questions

Biloxi hard money FAQ

Do you lend hard money in Biloxi?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Biloxi scenario across a 400+ lender network and bring back real terms instead of one lender’s rate sheet. The programs on this page are the ones whose lenders are licensed in Mississippi, and the numbers come from the same engine that prices our instant term sheet.
Which fix and flip programs apply in Biloxi?
As of October 2026: First Flip, 10% Down (10% down, from 9.99%); 7.5% Down, 3+ Flips (7.5% down, from 9.99%, 3+ completed flips); 5% Down, 5+ Flips (5% down, from 9.99%, 5+ completed flips); 100% Financing, 2+ Flips (100% financing when purchase plus rehab fits under 70% of ARV, from 9.50%, 2+ completed flips). Rehab is funded 100 percent in draws on every one of them, and we shop the file against the rest of the network before anything is signed.
How fast can a Biloxi hard money loan close?
In Mississippi, once the file is complete, the programs for investors with completed flips close in 7-14 days (10-14 on 5% down with 5+ flips, 21-30 on 7.5% down with 3+ flips) and a first flip on the 10% down program closes in 21-30 days. The biggest delays are usually title issues or missing borrower documents, so getting those started early makes a big difference.
How much do I need to bring to close on a Biloxi flip?
The worked example on this page is a $145,000 Biloxi purchase with a $45,000 rehab and a $255,000 after repair value at 730 credit, first flip: $19,000 down (10% of purchase plus rehab) and $33,662 total cash to close, with $55,703 of proof of funds to show the lender. Investors with a track record can go to 0% down (100% financing) from 9.50% at 620+ credit with 2+ completed flips, when purchase plus rehab fits under 70% of ARV, and you still bring the closing costs in cash. Rehab is funded 100 percent through draws in every case. Run your own numbers in the calculator above, or send us the deal and we will price it.
Do you fund the rehab budget in Biloxi?
Yes, 100 percent of the rehab is funded, but it is a holdback released in draws rather than cash at closing. You pay for each phase, request a draw, an inspector verifies the work, and the lender reimburses. That means you need working capital to float the first phase, which is the single most common thing new investors miss on their first deal.
What credit score do I need for a Biloxi fix and flip loan?
The lowest credit floor among the Biloxi programs is 620, on 100% financing (under 70% of ARV) with 2+ completed flips. A first flip needs 660 or higher. The lowest rate here, 9.50%, needs 620+ credit and 2+ completed flips. Depending on the program, origination steps down at 700 and 740. Credit matters less here than on a conventional loan because the deal carries the file, but it moves your rate and your leverage, so know where you stand before you make offers.
Can I refinance a Biloxi flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Biloxi flip becomes a hold. A DSCR loan qualifies on the property’s rental income rather than your W-2, so once the rehab is done and it is leased, you refinance out of the short-term hard money loan into 30-year financing. Worth deciding before you start, because it changes what finish level makes sense.
Do Keesler buyers change how I should renovate in Biloxi?
They help. Many use VA loans, so the house needs working systems, a sound roof and no peeling paint or safety issues to clear the appraisal. Three bedrooms, a fenced yard and a short drive to the gate tend to sell. Skip luxury finishes that a military budget won’t pay for.
Is East Biloxi too risky to flip?
Not always, but run the numbers harder. Much of it sits low and close to the water, so the flood zone, elevation and insurance quote decide whether a buyer can afford it. If the rehab is big enough to trigger the elevation rule, the deal can fall apart. Get the elevation certificate and a quote before you commit.
Who you are working with
Micah Foster
Founder & CEO
Micah Foster
Micah brokers Non-QM and hard money loans for real estate investors across 37 states from his base in Texas. He founded Capital Kings to give investors a broker who shops the market on their behalf instead of pitching one lender product.
Send Micah your Biloxi deal →
Keep reading

Before you sign anything

Term Sheet
How to get an instant hard money term sheet
Read article →
Broker
Direct hard money lender vs broker: the honest breakdown
Read article →
Hard Money
Points, fees & rate: how to compare hard money lenders
Read article →
Draws
How construction draws and the rehab holdback actually work
Read article →
Hard money in Gulfport →Hard money in Hattiesburg →Hard money in Jackson →Hard money in Southaven →Hard money in Mobile →All Mississippi coverage →

Ready to fund your Biloxi deal?

Submit your scenario in under 3 minutes. We shop it and come back with real terms, not a generic rate sheet.

Start application →Get a pre-approval letter