Market insights
What the data says about manufactured home communities, lending and ownership.
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Mortgage Research Center
2025 manufactured home lending from public HMDA data. Provider profile
Loans originated (2025)
3,065
+36.8% vs 2024Originations
$729.8M
Loans x average loanAverage loan
$238,109
Average interest rate
6.59%
Denial rate
16%
Home only share
0%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 6,014 | 3,065 | $729.8M | $238,109 | 6.59% | 16% | 0% |
| 2024 | 4,622 | 2,240 | $521.5M | $232,795 | 6.71% | 19% | 0% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| NC | 322 | $68.7M | $213,323 | 6.66% | 13% | 0% |
| FL | 298 | $65.9M | $221,242 | 6.58% | 16% | 0% |
| TN | 198 | $49.1M | $247,828 | 6.53% | 19% | 0% |
| TX | 187 | $42.8M | $228,797 | 6.64% | 16% | 0% |
| AZ | 165 | $41.1M | $249,061 | 6.5% | 13% | 0% |
| GA | 155 | $32.6M | $210,548 | 6.66% | 14% | 0% |
| SC | 139 | $29.1M | $209,388 | 6.71% | 19% | 0% |
| WA | 132 | $51.7M | $391,894 | 6.41% | 12% | 0% |
| MI | 118 | $25.5M | $215,847 | 6.48% | 13% | 0% |
| KY | 103 | $20.6M | $200,146 | 6.62% | 20% | 0% |
| CA | 92 | $32.7M | $355,652 | 6.42% | 16% | 0% |
| MO | 88 | $18.3M | $207,955 | 6.59% | 17% | 0% |
| OR | 84 | $27.2M | $324,286 | 6.57% | 16% | 0% |
| IN | 79 | $16.4M | $207,658 | 6.6% | 16% | 0% |
| VA | 78 | $18.1M | $232,051 | 6.67% | 16% | 0% |
| OK | 72 | $14.6M | $203,056 | 6.66% | 17% | 0% |
| OH | 69 | $14.1M | $204,855 | 6.73% | 15% | 0% |
| AL | 67 | $13.1M | $195,896 | 6.64% | 25% | 0% |
| NV | 62 | $19.0M | $307,097 | 6.43% | 15% | 0% |
| NM | 50 | $13.2M | $263,200 | 6.43% | 20% | 0% |
| LA | 48 | $8.8M | $182,500 | 6.55% | 13% | 0% |
| WV | 44 | $8.3M | $188,182 | 6.8% | 7% | 0% |
| AR | 44 | $8.8M | $200,682 | 6.69% | 17% | 0% |
| MS | 39 | $5.9M | $150,641 | 6.91% | 14% | 0% |
| PA | 37 | $7.5M | $203,378 | 6.55% | 20% | 0% |
| CO | 35 | $12.9M | $367,286 | 6.32% | 19% | 0% |
| WI | 32 | $7.0M | $217,188 | 6.61% | 13% | 0% |
| ME | 27 | $5.8M | $216,481 | 6.72% | 17% | 0% |
| KS | 26 | $5.0M | $192,692 | 6.85% | 10% | 0% |
| MN | 25 | $5.3M | $211,000 | 6.37% | 17% | 0% |
| ID | 24 | $8.6M | $357,917 | 6.52% | 16% | 0% |
| IL | 23 | $4.0M | $172,391 | 6.68% | 18% | 0% |
| MT | 15 | $4.7M | $313,000 | 6.35% | 17% | 0% |
| WY | 14 | $4.4M | $312,143 | 6.43% | 21% | 0% |
| UT | 13 | $4.4M | $336,538 | 6.65% | 8% | 0% |
| VT | 12 | $3.2M | $264,167 | 6.47% | 12% | 0% |
| NH | 10 | $2.8M | $276,000 | 6.36% | 42% | 0% |
| IA | 9 | $1.4M | $155,000 | 6.58% | 17% | 0% |
| NE | 9 | $1.7M | $188,333 | 6.65% | 12% | 0% |
| ND | 7 | $1.8M | $253,571 | 6.57% | 8% | 0% |
| MD | 4 | $830,000 | $207,500 | 6.03% | 20% | 0% |
| SD | 3 | $725,000 | $241,667 | 6.58% | 11% | 0% |
| AK | 3 | $1.1M | $355,000 | 6.46% | 0% | 0% |
| DE | 3 | $895,000 | $298,333 | 6.08% | 29% | 0% |
| NJ | 1 | $325,000 | $325,000 | 6.5% | 67% | 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.