Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › First State Bank
First State Bank
2025 manufactured home lending from public HMDA data. Provider profile
Loans originated (2025)
46
-23.3% vs 2024Originations
$4.8M
Loans x average loanAverage loan
$105,217
Average interest rate
7.43%
Denial rate
21%
Home only share
4%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 66 | 46 | $4.8M | $105,217 | 7.43% | 21% | 4% |
| 2024 | 84 | 60 | $4.9M | $82,333 | 7.92% | 14% | 0% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| OH | 44 | $4.8M | $108,409 | 7.25% | 19% | 2% |
| KY | 1 | $25,000 | $25,000 | 9% | 67% | 0% |
| WV | 1 | $45,000 | $45,000 | 13.84% | 0% | 100% |
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.