Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › Northern Mortgage Services, LLC
Northern Mortgage Services, LLC
2025 manufactured home lending from public HMDA data.
Loans originated (2025)
13
-7.1% vs 2024Originations
$2.4M
Loans x average loanAverage loan
$181,154
Average interest rate
6.76%
Denial rate
12%
Home only share
0%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 17 | 13 | $2.4M | $181,154 | 6.76% | 12% | 0% |
| 2024 | 18 | 14 | $3.0M | $214,286 | 6.85% | 6% | 0% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| MI | 9 | $1.5M | $171,667 | 6.73% | 0% | 0% |
| ME | 2 | $370,000 | $185,000 | 6.69% | 40% | 0% |
| OH | 1 | $95,000 | $95,000 | 7.13% | 0% | 0% |
| TN | 1 | $345,000 | $345,000 | 6.75% | 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.