Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › SUMMIT FUNDING.INC
SUMMIT FUNDING.INC
2025 manufactured home lending from public HMDA data.
Loans originated (2025)
266
+8.6% vs 2024Originations
$61.9M
Loans x average loanAverage loan
$232,519
Average interest rate
6.73%
Denial rate
8%
Home only share
0%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 401 | 266 | $61.9M | $232,519 | 6.73% | 8% | 0% |
| 2024 | 373 | 245 | $55.4M | $226,061 | 6.82% | 7% | 0% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| OR | 75 | $22.4M | $298,733 | 6.69% | 6% | 0% |
| WA | 36 | $8.8M | $245,556 | 6.85% | 2% | 0% |
| TN | 30 | $4.1M | $136,333 | 6.87% | 19% | 0% |
| TX | 29 | $4.6M | $158,103 | 6.79% | 9% | 0% |
| NV | 25 | $6.5M | $261,000 | 6.67% | 10% | 0% |
| ID | 20 | $4.4M | $219,500 | 6.76% | 6% | 0% |
| CA | 20 | $4.4M | $219,000 | 5.95% | 5% | 0% |
| GA | 12 | $2.1M | $172,500 | 7.62% | 9% | 0% |
| AZ | 6 | $1.5M | $256,667 | 6.71% | 0% | 0% |
| VA | 4 | $580,000 | $145,000 | 6.72% | 0% | 0% |
| NM | 3 | $905,000 | $301,667 | 7.13% | 0% | 0% |
| NC | 2 | $390,000 | $195,000 | 6.38% | 0% | 0% |
| CO | 1 | $175,000 | $175,000 | 6% | 0% | 0% |
| FL | 1 | $255,000 | $255,000 | 7.13% | 43% | 0% |
| MO | 1 | $535,000 | $535,000 | 7.13% | 0% | 0% |
| UT | 1 | $185,000 | $185,000 | 6.63% | 0% | 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.