What the numbers say
Investors in District of Columbia borrowed at a median rate of 7.625%, versus 6.5% for owner-occupants — a 113 bps premium that ranks 7th of 51 states.
Their applications were denied 29.5% of the time. The leading reasons for denial were collateral, debt-to-income ratio, other.
71% of investor loans were business- or commercial-purpose — the category that includes DSCR and LLC-held loans — and 22% were cash-out refinances. The typical loan-to-value was 70%, implying about 30% down.