What the numbers say
Investors in Oklahoma borrowed at a median rate of 7.749%, versus 6.625% for owner-occupants — a 112 bps premium that ranks 12th of 51 states.
Their applications were denied 8.7% of the time. The leading reasons for denial were collateral, credit history, debt-to-income ratio.
63% of investor loans were business- or commercial-purpose — the category that includes DSCR and LLC-held loans — and 8% were cash-out refinances. The typical loan-to-value was 75%, implying about 25% down.