Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › BANKWEST, INC.
BANKWEST, INC.
2025 manufactured home lending from public HMDA data.
Loans originated (2025)
325
-3.6% vs 2024Originations
$35.5M
Loans x average loanAverage loan
$109,185
Average interest rate
8.32%
Denial rate
40%
Home only share
79%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 1,008 | 325 | $35.5M | $109,185 | 8.32% | 40% | 79% |
| 2024 | 975 | 337 | $35.0M | $103,872 | 8.31% | 43% | 81% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| SD | 182 | $20.4M | $112,198 | 8.31% | 20% | 72% |
| MN | 91 | $7.4M | $81,813 | 8.5% | 55% | 97% |
| ND | 23 | $3.7M | $160,652 | 7.89% | 39% | 70% |
| MT | 10 | $1.5M | $152,000 | 8.21% | 19% | 70% |
| NE | 9 | $1.5M | $167,222 | 7.82% | 42% | 67% |
| WY | 7 | $675,000 | $96,429 | 8.6% | 29% | 86% |
| IA | 3 | $225,000 | $75,000 | 8.42% | 45% | 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.