What the numbers say
Investors in Wyoming borrowed at a median rate of 7.375%, versus 6.5% for owner-occupants — a 88 bps premium that ranks 39th of 51 states.
Their applications were denied 14.7% of the time. The leading reasons for denial were collateral, debt-to-income ratio, credit history.
61% of investor loans were business- or commercial-purpose — the category that includes DSCR and LLC-held loans — and 12% were cash-out refinances. The typical loan-to-value was 75%, implying about 25% down.