What the numbers say
Investors in Massachusetts borrowed at a median rate of 7.375%, versus 6.625% for owner-occupants — a 75 bps premium that ranks 44th of 51 states.
Their applications were denied 17.4% 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 16% were cash-out refinances. The typical loan-to-value was 70%, implying about 30% down.