2025 · Massachusetts
In 2025, 9,554 investment-property loans worth $5.8B were originated on single-family 1-4 unit homes in Massachusetts. Here's how those terms compared to the rest of the country.
Investor rate premium
55 bps
U.S. median: 76 bps
Denial rate
16.8%
U.S. median: 17.5%
DSCR / business-purpose
75%
U.S. median: 72%
Median LTV
70%
U.S. median: 74%
Since 2024 in Massachusetts
Rate premium
75 bps → 55 bps
-20 bpsInvestor loans
7,566 → 9,554
+26.3%Denial rate
17.4% → 16.8%
-0.6 ptsDSCR / business-purpose
75% → 75%
-0.3 ptsInvestors in Massachusetts borrowed at a median rate of 7.05%, versus 6.5% for owner-occupants — a 55 bps premium that ranks 48th of 51 states.
Their applications were denied 16.8% of the time. The leading reasons for denial were collateral, debt-to-income ratio, other.
75% of investor loans were business- or commercial-purpose — the category that includes DSCR and LLC-held loans — and 20% were cash-out refinances. The typical loan-to-value was 70%, implying about 30% down.
In 2025, the median investment-property loan in Massachusetts carried a rate of 7.05% versus 6.5% for an owner-occupant — a premium of 55 bps. That ranks 48th of 51 states (1 = highest premium).
16.8% of investment-property applications were denied in Massachusetts in 2025, the 28th-highest denial rate among the 51 states. The most common denial reasons were collateral, debt-to-income ratio, other.
75% of investor loans in Massachusetts were flagged as primarily business or commercial purpose — the bucket that includes DSCR and LLC-held loans (13th 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.