What the numbers say
Investors in Maryland borrowed at a median rate of 7.625%, versus 6.625% for owner-occupants — a 100 bps premium that ranks 18th of 51 states.
Their applications were denied 20.2% of the time. The leading reasons for denial were collateral, credit history, debt-to-income ratio.
75% 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 75%, implying about 25% down.