2025 · Pennsylvania
In 2025, 22,765 investment-property loans worth $4.9B were originated on single-family 1-4 unit homes in Pennsylvania. Here's how those terms compared to the rest of the country.
Investor rate premium
88 bps
U.S. median: 76 bps
Denial rate
17.1%
U.S. median: 17.5%
DSCR / business-purpose
78%
U.S. median: 72%
Median LTV
75%
U.S. median: 74%
Since 2024 in Pennsylvania
Rate premium
100 bps → 88 bps
-12 bpsInvestor loans
18,938 → 22,765
+20.2%Denial rate
17.9% → 17.1%
-0.8 ptsDSCR / business-purpose
75% → 78%
+2.7 ptsInvestors in Pennsylvania borrowed at a median rate of 7.375%, versus 6.5% for owner-occupants — a 88 bps premium that ranks 17th of 51 states.
Their applications were denied 17.1% of the time. The leading reasons for denial were collateral, other, debt-to-income ratio.
78% of investor loans were business- or commercial-purpose — the category that includes DSCR and LLC-held loans — and 23% were cash-out refinances. The typical loan-to-value was 75%, implying about 25% down.
In 2025, the median investment-property loan in Pennsylvania carried a rate of 7.375% versus 6.5% for an owner-occupant — a premium of 88 bps. That ranks 17th of 51 states (1 = highest premium).
17.1% of investment-property applications were denied in Pennsylvania in 2025, the 25th-highest denial rate among the 51 states. The most common denial reasons were collateral, other, debt-to-income ratio.
78% of investor loans in Pennsylvania were flagged as primarily business or commercial purpose — the bucket that includes DSCR and LLC-held loans (5th 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.