2025 · Arizona
In 2025, 11,106 investment-property loans worth $4.3B were originated on single-family 1-4 unit homes in Arizona. Here's how those terms compared to the rest of the country.
Investor rate premium
75 bps
U.S. median: 76 bps
Denial rate
18.4%
U.S. median: 17.5%
DSCR / business-purpose
68%
U.S. median: 72%
Median LTV
70%
U.S. median: 74%
Since 2024 in Arizona
Rate premium
88 bps → 75 bps
-13 bpsInvestor loans
8,722 → 11,106
+27.3%Denial rate
18.6% → 18.4%
-0.2 ptsDSCR / business-purpose
66% → 68%
+2.2 ptsInvestors in Arizona borrowed at a median rate of 7.125%, versus 6.375% for owner-occupants — a 75 bps premium that ranks 27th of 51 states.
Their applications were denied 18.4% of the time. The leading reasons for denial were collateral, debt-to-income ratio, other.
68% of investor loans were business- or commercial-purpose — the category that includes DSCR and LLC-held loans — and 23% were cash-out refinances. The typical loan-to-value was 70%, implying about 30% down.
In 2025, the median investment-property loan in Arizona carried a rate of 7.125% versus 6.375% for an owner-occupant — a premium of 75 bps. That ranks 27th of 51 states (1 = highest premium).
18.4% of investment-property applications were denied in Arizona in 2025, the 16th-highest denial rate among the 51 states. The most common denial reasons were collateral, debt-to-income ratio, other.
68% of investor loans in Arizona were flagged as primarily business or commercial purpose — the bucket that includes DSCR and LLC-held loans (32nd of 51). The median loan-to-value was 70%.
Source: CFPB / FFIEC HMDA combined Modified LAR (loan-level public dataset, early release), 2025. Single-family 1-4 unit, site-built loans; financed purchases only.