Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › Luminate Home Loans, Inc.
Luminate Home Loans, Inc.
2025 manufactured home lending from public HMDA data.
Loans originated (2025)
13
-91.0% vs 2024Originations
$2.6M
Loans x average loanAverage loan
$198,077
Average interest rate
6.84%
Denial rate
5%
Home only share
0%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 22 | 13 | $2.6M | $198,077 | 6.84% | 5% | 0% |
| 2024 | 263 | 144 | $32.8M | $227,986 | 6.92% | 4% | 0% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| FL | 4 | $580,000 | $145,000 | 7.08% | 0% | 0% |
| AZ | 2 | $190,000 | $95,000 | 6.69% | 0% | 0% |
| MS | 1 | $95,000 | $95,000 | 6.75% | 0% | 0% |
| OK | 1 | $205,000 | $205,000 | 6.5% | 0% | 0% |
| OR | 1 | $135,000 | $135,000 | 7.5% | 0% | 0% |
| TX | 1 | $215,000 | $215,000 | 6.75% | 0% | 0% |
| VT | 1 | $195,000 | $195,000 | 7.25% | 0% | 0% |
| WA | 1 | $555,000 | $555,000 | 5.75% | 0% | 0% |
| CA | 1 | $405,000 | $405,000 | 6.99% | 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.