Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › STURGIS BANK & TRUST
STURGIS BANK & TRUST
2025 manufactured home lending from public HMDA data. Provider profile
Loans originated (2025)
60
+53.8% vs 2024Originations
$6.9M
Loans x average loanAverage loan
$114,667
Average interest rate
6.87%
Denial rate
3%
Home only share
2%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 69 | 60 | $6.9M | $114,667 | 6.87% | 3% | 2% |
| 2024 | 48 | 39 | $3.2M | $81,410 | n/a | 6% | n/a |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| MI | 59 | $6.7M | $113,644 | 6.87% | 1% | 2% |
| IN | 1 | $175,000 | $175,000 | 7% | 50% | 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.