2025 · Texas
In 2025, 46,626 investment-property loans worth $12.4B were originated on single-family 1-4 unit homes in Texas. Here's how those terms compared to the rest of the country.
Investor rate premium
88 bps
U.S. median: 76 bps
Denial rate
18.2%
U.S. median: 17.5%
DSCR / business-purpose
69%
U.S. median: 72%
Median LTV
75%
U.S. median: 74%
Since 2024 in Texas
Rate premium
88 bps → 88 bps
0 bpsInvestor loans
42,756 → 46,626
+9.1%Denial rate
17.2% → 18.2%
+1.0 ptsDSCR / business-purpose
65% → 69%
+4.2 ptsInvestors in Texas borrowed at a median rate of 7.125%, versus 6.25% for owner-occupants — a 88 bps premium that ranks 20th of 51 states.
Their applications were denied 18.2% of the time. The leading reasons for denial were collateral, debt-to-income ratio, other.
69% of investor loans were business- or commercial-purpose — the category that includes DSCR and LLC-held loans — and 19% were cash-out refinances. The typical loan-to-value was 75%, implying about 25% down.
In 2025, the median investment-property loan in Texas carried a rate of 7.125% versus 6.25% for an owner-occupant — a premium of 88 bps. That ranks 20th of 51 states (1 = highest premium).
18.2% of investment-property applications were denied in Texas in 2025, the 20th-highest denial rate among the 51 states. The most common denial reasons were collateral, debt-to-income ratio, other.
69% of investor loans in Texas were flagged as primarily business or commercial purpose — the bucket that includes DSCR and LLC-held loans (30th 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.