2025 · North Carolina
In 2025, 20,219 investment-property loans worth $5.7B were originated on single-family 1-4 unit homes in North Carolina. Here's how those terms compared to the rest of the country.
Investor rate premium
75 bps
U.S. median: 76 bps
Denial rate
16.8%
U.S. median: 17.5%
DSCR / business-purpose
71%
U.S. median: 72%
Median LTV
75%
U.S. median: 74%
Since 2024 in North Carolina
Rate premium
85 bps → 75 bps
-10 bpsInvestor loans
18,316 → 20,219
+10.4%Denial rate
15.9% → 16.8%
+0.9 ptsDSCR / business-purpose
68% → 71%
+3.5 ptsInvestors in North Carolina borrowed at a median rate of 7%, versus 6.25% for owner-occupants — a 75 bps premium that ranks 35th of 51 states.
Their applications were denied 16.8% of the time. The leading reasons for denial were debt-to-income ratio, collateral, other.
71% of investor loans were business- or commercial-purpose — the category that includes DSCR and LLC-held loans — and 17% were cash-out refinances. The typical loan-to-value was 75%, implying about 25% down.
In 2025, the median investment-property loan in North Carolina carried a rate of 7% versus 6.25% for an owner-occupant — a premium of 75 bps. That ranks 35th of 51 states (1 = highest premium).
16.8% of investment-property applications were denied in North Carolina in 2025, the 29th-highest denial rate among the 51 states. The most common denial reasons were debt-to-income ratio, collateral, other.
71% of investor loans in North Carolina were flagged as primarily business or commercial purpose — the bucket that includes DSCR and LLC-held loans (22nd 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.