Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › VANDERBILT MORTGAGE AND FINANCE, INC
VANDERBILT MORTGAGE AND FINANCE, INC
2025 manufactured home lending from public HMDA data. Provider profile
Loans originated (2025)
11,977
-6.2% vs 2024Originations
$1.59B
Loans x average loanAverage loan
$132,795
Average interest rate
10.14%
Denial rate
43%
Home only share
69%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 111,504 | 11,977 | $1.59B | $132,795 | 10.14% | 43% | 69% |
| 2024 | 113,135 | 12,765 | $1.62B | $127,203 | 9.89% | 47% | 69% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| TX | 2,028 | $238.5M | $117,618 | 10.3% | 45% | 89% |
| NC | 1,289 | $172.4M | $133,712 | 9.8% | 42% | 57% |
| AL | 1,080 | $139.6M | $129,287 | 10.17% | 44% | 74% |
| TN | 1,045 | $155.3M | $148,579 | 9.71% | 38% | 56% |
| KY | 916 | $115.9M | $126,539 | 10.13% | 46% | 57% |
| SC | 910 | $119.0M | $130,769 | 10.58% | 48% | 69% |
| LA | 488 | $51.9M | $106,393 | 10.38% | 46% | 75% |
| VA | 460 | $64.2M | $139,565 | 9.88% | 41% | 57% |
| GA | 453 | $76.6M | $169,150 | 9.76% | 41% | 54% |
| AR | 419 | $48.8M | $116,504 | 10.23% | 38% | 64% |
| WV | 406 | $52.0M | $128,005 | 10.12% | 39% | 62% |
| OH | 354 | $45.3M | $128,079 | 10.48% | 32% | 72% |
| MS | 313 | $32.5M | $103,914 | 10.3% | 44% | 78% |
| OK | 304 | $38.1M | $125,395 | 9.96% | 38% | 72% |
| FL | 275 | $35.3M | $128,491 | 10.03% | 42% | 56% |
| NM | 194 | $24.9M | $128,454 | 9.99% | 47% | 83% |
| MO | 175 | $21.4M | $122,143 | 10.21% | 39% | 68% |
| AZ | 158 | $41.3M | $261,203 | 9.89% | 36% | 68% |
| IL | 120 | $15.8M | $132,000 | 9.96% | 43% | 49% |
| IN | 107 | $17.7M | $165,093 | 10.38% | 46% | 47% |
| PA | 88 | $23.9M | $271,136 | 10.64% | 48% | 80% |
| MI | 72 | $14.6M | $202,917 | 11.03% | 55% | 86% |
| CA | 57 | $11.6M | $202,895 | 9.53% | 35% | 82% |
| CO | 55 | $6.3M | $114,455 | 10.4% | 40% | 93% |
| KS | 41 | $2.8M | $67,927 | 11.52% | 46% | 93% |
| DE | 40 | $4.6M | $115,000 | 10.7% | 51% | 88% |
| UT | 39 | $2.9M | $74,231 | 11.17% | 51% | 97% |
| MD | 21 | $2.0M | $95,952 | 10.61% | 53% | 95% |
| ID | 20 | $2.5M | $126,000 | 10.55% | 37% | 85% |
| WY | 15 | $2.4M | $163,000 | 10.31% | 45% | 79% |
| NV | 15 | $2.1M | $142,333 | 9.95% | 41% | 67% |
| WA | 10 | $1.5M | $148,000 | 10.52% | 33% | 100% |
| OR | 6 | $790,000 | $131,667 | 10.25% | 32% | 100% |
| MT | 2 | $2.5M | $1,265,000 | 9.08% | 33% | n/a |
| ND | 2 | $3.4M | $1,675,000 | 8.12% | 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.