Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › Flanagan State Bank
Flanagan State Bank
2025 manufactured home lending from public HMDA data. Provider profile
Loans originated (2025)
32
+14.3% vs 2024Originations
$7.6M
Loans x average loanAverage loan
$238,125
Average interest rate
6.79%
Denial rate
27%
Home only share
0%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 51 | 32 | $7.6M | $238,125 | 6.79% | 27% | 0% |
| 2024 | 48 | 28 | $5.3M | $187,857 | 7.21% | 15% | 0% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| MO | 8 | $930,000 | $116,250 | 6.97% | 29% | 0% |
| CO | 5 | $1.9M | $381,000 | 6.2% | 14% | 0% |
| IN | 5 | $805,000 | $161,000 | 6.75% | 29% | 0% |
| IL | 4 | $1.5M | $372,500 | 7.63% | 43% | 0% |
| NM | 3 | $835,000 | $278,333 | 6.21% | 25% | 0% |
| MT | 3 | $1.0M | $338,333 | 6.75% | 0% | 0% |
| IA | 2 | $350,000 | $175,000 | 6.38% | 0% | 0% |
| WY | 1 | $255,000 | $255,000 | 7.63% | 67% | 0% |
| MI | 1 | $35,000 | $35,000 | 6.88% | 0% | 0% |
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.