What the numbers say
Investors in West Virginia borrowed at a median rate of 7.5%, versus 6.562% for owner-occupants — a 94 bps premium that ranks 23rd of 51 states.
Their applications were denied 14.5% of the time. The leading reasons for denial were collateral, credit history, debt-to-income ratio.
58% of investor loans were business- or commercial-purpose — the category that includes DSCR and LLC-held loans — and 11% were cash-out refinances. The typical loan-to-value was 75%, implying about 25% down.