What the numbers say
Investors in Florida borrowed at a median rate of 7.562%, versus 6.5% for owner-occupants — a 106 bps premium that ranks 13th of 51 states.
Their applications were denied 22.9% of the time. The leading reasons for denial were collateral, debt-to-income ratio, credit history.
77% of investor loans were business- or commercial-purpose — the category that includes DSCR and LLC-held loans — and 19% were cash-out refinances. The typical loan-to-value was 73%, implying about 27% down.