What the numbers say
Investors in North Carolina borrowed at a median rate of 7.375%, versus 6.525% for owner-occupants — a 85 bps premium that ranks 40th of 51 states.
Their applications were denied 15.9% of the time. The leading reasons for denial were debt-to-income ratio, collateral, credit history.
68% of investor loans were business- or commercial-purpose — the category that includes DSCR and LLC-held loans — and 14% were cash-out refinances. The typical loan-to-value was 75%, implying about 25% down.