What the numbers say
Investors in Mississippi borrowed at a median rate of 8.25%, versus 6.625% for owner-occupants — a 163 bps premium that ranks 1st of 51 states.
Their applications were denied 11.2% of the time. The leading reasons for denial were debt-to-income ratio, collateral, credit history.
72% of investor loans were business- or commercial-purpose — the category that includes DSCR and LLC-held loans — and 7% were cash-out refinances. The typical loan-to-value was 75%, implying about 25% down.