Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › Southern Michigan Bank & Trust
Southern Michigan Bank & Trust
2025 manufactured home lending from public HMDA data.
Loans originated (2025)
19
+18.8% vs 2024Originations
$2.6M
Loans x average loanAverage loan
$135,526
Average interest rate
n/a
Denial rate
24%
Home only share
n/a
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 29 | 19 | $2.6M | $135,526 | n/a | 24% | n/a |
| 2024 | 24 | 16 | $1.8M | $113,750 | n/a | 13% | n/a |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| MI | 18 | $2.5M | $141,111 | n/a | 25% | n/a |
| IN | 1 | $35,000 | $35,000 | n/a | 0% | n/a |
Data source: Home Mortgage Disclosure Act (HMDA). Public annual data from the FFIEC and CFPB, loans reported with a manufactured home construction method. Informational only, not a recommendation of any lender.