2024 · New York
In 2024, 17,900 investment-property loans worth $8.5B were originated on single-family 1-4 unit homes in New York. Here's how those terms compared to the rest of the country.
Investor rate premium
100 bps
U.S. median: 88 bps
Denial rate
20.2%
U.S. median: 17.2%
DSCR / business-purpose
84%
U.S. median: 69%
Median LTV
71%
U.S. median: 75%
Investors in New York borrowed at a median rate of 7.625%, versus 6.625% for owner-occupants — a 100 bps premium that ranks 21st of 51 states.
Their applications were denied 20.2% of the time. The leading reasons for denial were collateral, other, debt-to-income ratio.
84% of investor loans were business- or commercial-purpose — the category that includes DSCR and LLC-held loans — and 22% were cash-out refinances. The typical loan-to-value was 71%, implying about 29% down.
In 2024, the median investment-property loan in New York carried a rate of 7.625% versus 6.625% for an owner-occupant — a premium of 100 bps. That ranks 21st of 51 states (1 = highest premium).
20.2% of investment-property applications were denied in New York in 2024, the 10th-highest denial rate among the 51 states. The most common denial reasons were collateral, other, debt-to-income ratio.
84% of investor loans in New York were flagged as primarily business or commercial purpose — the bucket that includes DSCR and LLC-held loans (1st of 51). The median loan-to-value was 71%.
Source: CFPB / FFIEC HMDA Data Browser (loan-level public dataset), 2024. Single-family 1-4 unit, site-built loans; financed purchases only.