Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › NEW AMERICAN FUNDING, LLC.
NEW AMERICAN FUNDING, LLC.
2025 manufactured home lending from public HMDA data. Provider profile
Loans originated (2025)
2,163
+24.7% vs 2024Originations
$384.6M
Loans x average loanAverage loan
$177,820
Average interest rate
6.86%
Denial rate
11%
Home only share
0%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 6,051 | 2,163 | $384.6M | $177,820 | 6.86% | 11% | 0% |
| 2024 | 4,959 | 1,735 | $319.3M | $184,061 | 6.89% | 12% | 0% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| AZ | 187 | $32.8M | $175,535 | 6.78% | 7% | 0% |
| NC | 176 | $28.2M | $160,227 | 7.01% | 7% | 0% |
| FL | 172 | $29.9M | $173,547 | 6.93% | 12% | 0% |
| TX | 156 | $29.7M | $190,128 | 6.94% | 13% | 0% |
| GA | 154 | $25.6M | $165,909 | 6.95% | 9% | 0% |
| KY | 123 | $15.3M | $124,512 | 6.17% | 10% | 0% |
| WA | 119 | $34.4M | $289,370 | 6.46% | 8% | 0% |
| TN | 109 | $19.3M | $177,385 | 7.12% | 11% | 0% |
| CA | 71 | $17.7M | $249,507 | 6.63% | 8% | 0% |
| SC | 69 | $11.5M | $167,029 | 6.97% | 7% | 0% |
| AL | 67 | $7.8M | $115,746 | 6.73% | 14% | 0% |
| NV | 55 | $11.4M | $207,727 | 6.71% | 9% | 0% |
| MO | 54 | $7.5M | $139,815 | 7.15% | 18% | 0% |
| MN | 47 | $8.8M | $188,191 | 6.86% | 6% | 0% |
| CO | 47 | $10.6M | $225,213 | 6.71% | 7% | 0% |
| OH | 47 | $6.9M | $147,766 | 7.1% | 10% | 0% |
| IN | 45 | $6.0M | $134,333 | 7.17% | 6% | 0% |
| OR | 43 | $11.0M | $256,163 | 6.82% | 11% | 0% |
| MI | 39 | $5.7M | $147,308 | 7.01% | 13% | 0% |
| MS | 35 | $3.8M | $107,857 | 7.15% | 11% | 0% |
| IL | 35 | $4.3M | $123,286 | 6.96% | 13% | 0% |
| OK | 34 | $5.5M | $162,059 | 7.02% | 13% | 0% |
| PA | 29 | $5.0M | $171,207 | 6.92% | 17% | 0% |
| NM | 29 | $5.4M | $185,345 | 6.81% | 14% | 0% |
| WV | 27 | $3.3M | $123,519 | 7.18% | 15% | 0% |
| AR | 26 | $3.5M | $135,769 | 7.1% | 18% | 0% |
| ID | 20 | $5.5M | $274,500 | 6.9% | 7% | 0% |
| VA | 19 | $3.3M | $174,474 | 6.92% | 14% | 0% |
| MT | 16 | $4.7M | $291,875 | 6.47% | 18% | 0% |
| ME | 15 | $2.7M | $182,333 | 6.94% | 15% | 0% |
| LA | 15 | $1.8M | $120,333 | 7.02% | 19% | 0% |
| VT | 14 | $2.1M | $151,429 | 7.31% | 5% | 0% |
| UT | 14 | $2.8M | $200,714 | 6.53% | 3% | 0% |
| IA | 11 | $1.9M | $172,273 | 7% | 6% | 0% |
| KS | 7 | $1.2M | $169,286 | 6.77% | 13% | 0% |
| WI | 7 | $1.7M | $242,143 | 6.78% | 8% | 0% |
| NY | 6 | $970,000 | $161,667 | 7% | 10% | 0% |
| WY | 6 | $980,000 | $163,333 | 6.9% | 6% | 0% |
| DE | 4 | $1.0M | $250,000 | 6.62% | 20% | 0% |
| NH | 3 | $605,000 | $201,667 | 6.79% | 26% | 0% |
| NJ | 2 | $460,000 | $230,000 | 6.81% | 43% | 0% |
| MA | 2 | $380,000 | $190,000 | 7.06% | 38% | 0% |
| NE | 2 | $280,000 | $140,000 | 7.25% | 5% | 0% |
| MD | 2 | $310,000 | $155,000 | 6.69% | 15% | 0% |
| AK | 1 | $195,000 | $195,000 | 6.25% | 0% | 0% |
| ND | 1 | $405,000 | $405,000 | 7.25% | 36% | 0% |
| CT | 1 | $195,000 | $195,000 | 6.5% | 17% | 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.