Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › SOMERSET TRUST COMPANY
SOMERSET TRUST COMPANY
2025 manufactured home lending from public HMDA data. Provider profile
Loans originated (2025)
67
-5.6% vs 2024Originations
$6.0M
Loans x average loanAverage loan
$89,030
Average interest rate
6.73%
Denial rate
21%
Home only share
12%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 94 | 67 | $6.0M | $89,030 | 6.73% | 21% | 12% |
| 2024 | 98 | 71 | $5.3M | $74,296 | 7.33% | 13% | 21% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| PA | 66 | $5.9M | $89,848 | 6.75% | 21% | 12% |
| MD | 1 | $35,000 | $35,000 | 5.24% | 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.