Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › COVANTAGE CREDIT UNION
COVANTAGE CREDIT UNION
2025 manufactured home lending from public HMDA data. Provider profile
Loans originated (2025)
138
+14.0% vs 2024Originations
$15.9M
Loans x average loanAverage loan
$115,580
Average interest rate
6.68%
Denial rate
6%
Home only share
12%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 176 | 138 | $15.9M | $115,580 | 6.68% | 6% | 12% |
| 2024 | 150 | 121 | $11.1M | $91,777 | 7.1% | 7% | 2% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| WI | 118 | $14.1M | $119,322 | 6.68% | 7% | 13% |
| MI | 17 | $1.7M | $97,941 | 6.62% | 0% | 6% |
| FL | 2 | $150,000 | $75,000 | 6.63% | 0% | 0% |
| IL | 1 | $55,000 | $55,000 | 7.25% | 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.