Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › The Farmers & Merchants State Bank
The Farmers & Merchants State Bank
2025 manufactured home lending from public HMDA data. Provider profile
Loans originated (2025)
26
+18.2% vs 2024Originations
$3.0M
Loans x average loanAverage loan
$114,615
Average interest rate
7.27%
Denial rate
19%
Home only share
0%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 36 | 26 | $3.0M | $114,615 | 7.27% | 19% | 0% |
| 2024 | 30 | 22 | $2.0M | $93,182 | 7.73% | 13% | 0% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| OH | 15 | $1.6M | $103,667 | 7.1% | 19% | 0% |
| IN | 10 | $1.3M | $125,000 | 7.6% | 21% | 0% |
| MI | 1 | $175,000 | $175,000 | 6.63% | 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.