What the numbers say
Investors in Hawaii borrowed at a median rate of 7.5%, versus 6.5% for owner-occupants — a 100 bps premium that ranks 16th of 51 states.
Their applications were denied 25.6% of the time. The leading reasons for denial were collateral, debt-to-income ratio, credit history.
72% of investor loans were business- or commercial-purpose — the category that includes DSCR and LLC-held loans — and 16% were cash-out refinances. The typical loan-to-value was 66%, implying about 34% down.