2025 · Minnesota
In 2025, 5,741 investment-property loans worth $1.5B were originated on single-family 1-4 unit homes in Minnesota. Here's how those terms compared to the rest of the country.
Investor rate premium
63 bps
U.S. median: 76 bps
Denial rate
11.0%
U.S. median: 17.5%
DSCR / business-purpose
52%
U.S. median: 72%
Median LTV
75%
U.S. median: 74%
Since 2024 in Minnesota
Rate premium
88 bps → 63 bps
-25 bpsInvestor loans
5,080 → 5,741
+13.0%Denial rate
11.2% → 11.0%
-0.2 ptsDSCR / business-purpose
48% → 52%
+4.1 ptsInvestors in Minnesota borrowed at a median rate of 7.125%, versus 6.5% for owner-occupants — a 63 bps premium that ranks 39th of 51 states.
Their applications were denied 11.0% of the time. The leading reasons for denial were collateral, debt-to-income ratio, other.
52% of investor loans were business- or commercial-purpose — the category that includes DSCR and LLC-held loans — and 10% were cash-out refinances. The typical loan-to-value was 75%, implying about 25% down.
In 2025, the median investment-property loan in Minnesota carried a rate of 7.125% versus 6.5% for an owner-occupant — a premium of 63 bps. That ranks 39th of 51 states (1 = highest premium).
11.0% of investment-property applications were denied in Minnesota in 2025, the 43rd-highest denial rate among the 51 states. The most common denial reasons were collateral, debt-to-income ratio, other.
52% of investor loans in Minnesota were flagged as primarily business or commercial purpose — the bucket that includes DSCR and LLC-held loans (49th of 51). The median loan-to-value was 75%.
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.