2025 · Washington
In 2025, 9,241 investment-property loans worth $4.4B were originated on single-family 1-4 unit homes in Washington. Here's how those terms compared to the rest of the country.
Investor rate premium
63 bps
U.S. median: 76 bps
Denial rate
18.9%
U.S. median: 17.5%
DSCR / business-purpose
74%
U.S. median: 72%
Median LTV
70%
U.S. median: 74%
Since 2024 in Washington
Rate premium
75 bps → 63 bps
-12 bpsInvestor loans
7,802 → 9,241
+18.4%Denial rate
18.4% → 18.9%
+0.4 ptsDSCR / business-purpose
72% → 74%
+1.9 ptsInvestors in Washington borrowed at a median rate of 7%, versus 6.375% for owner-occupants — a 63 bps premium that ranks 44th of 51 states.
Their applications were denied 18.9% of the time. The leading reasons for denial were debt-to-income ratio, collateral, other.
74% of investor loans were business- or commercial-purpose — the category that includes DSCR and LLC-held loans — and 21% were cash-out refinances. The typical loan-to-value was 70%, implying about 30% down.
In 2025, the median investment-property loan in Washington carried a rate of 7% versus 6.375% for an owner-occupant — a premium of 63 bps. That ranks 44th of 51 states (1 = highest premium).
18.9% of investment-property applications were denied in Washington in 2025, the 11th-highest denial rate among the 51 states. The most common denial reasons were debt-to-income ratio, collateral, other.
74% of investor loans in Washington were flagged as primarily business or commercial purpose — the bucket that includes DSCR and LLC-held loans (16th of 51). The median loan-to-value was 70%.
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.