Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › MERCHANTS NATIONAL BANK
MERCHANTS NATIONAL BANK
2025 manufactured home lending from public HMDA data.
Loans originated (2025)
19
+72.7% vs 2024Originations
$2.4M
Loans x average loanAverage loan
$126,579
Average interest rate
7.67%
Denial rate
18%
Home only share
0%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 33 | 19 | $2.4M | $126,579 | 7.67% | 18% | 0% |
| 2024 | 16 | 11 | $1.1M | $103,182 | 8.58% | 13% | 0% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| OH | 19 | $2.4M | $126,579 | 7.67% | 18% | 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.