Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › WATERSTONE MORTGAGE CORPORATION
WATERSTONE MORTGAGE CORPORATION
2025 manufactured home lending from public HMDA data.
Loans originated (2025)
284
-16.0% vs 2024Originations
$46.5M
Loans x average loanAverage loan
$163,803
Average interest rate
6.9%
Denial rate
10%
Home only share
0%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 455 | 284 | $46.5M | $163,803 | 6.9% | 10% | 0% |
| 2024 | 519 | 338 | $54.0M | $159,734 | 7.03% | 8% | 0% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| NM | 136 | $17.8M | $130,662 | 6.97% | 9% | 0% |
| FL | 41 | $7.1M | $174,268 | 6.82% | 11% | 0% |
| VA | 32 | $4.4M | $138,438 | 6.99% | 5% | 0% |
| AZ | 13 | $3.5M | $272,692 | 6.76% | 10% | 0% |
| OK | 13 | $1.9M | $147,308 | 6.83% | 0% | 0% |
| TX | 12 | $2.5M | $210,833 | 7.02% | 10% | 0% |
| NC | 7 | $1.2M | $172,143 | 6.95% | 25% | 0% |
| ID | 5 | $1.7M | $345,000 | 6.43% | 11% | 0% |
| NH | 5 | $1.5M | $297,000 | 6.82% | 14% | 0% |
| TN | 4 | $1.2M | $305,000 | 6.31% | 33% | 0% |
| WV | 3 | $625,000 | $208,333 | 6.54% | 13% | 0% |
| KS | 2 | $140,000 | $70,000 | 7.88% | 0% | 0% |
| IA | 1 | $165,000 | $165,000 | 6.5% | 0% | 0% |
| PA | 1 | $275,000 | $275,000 | 6.25% | 0% | 0% |
| SC | 1 | $195,000 | $195,000 | 6.88% | 0% | 0% |
| GA | 1 | $185,000 | $185,000 | 6.99% | 0% | 0% |
| CA | 1 | $595,000 | $595,000 | 6.63% | 0% | 0% |
| WI | 1 | $285,000 | $285,000 | 7.25% | 0% | 0% |
| WY | 1 | $205,000 | $205,000 | 6.25% | 25% | 0% |
| MD | 1 | $225,000 | $225,000 | 6.63% | 0% | 0% |
| MO | 1 | $125,000 | $125,000 | 6.38% | 40% | 0% |
| MT | 1 | $365,000 | $365,000 | 6.25% | 0% | 0% |
| IN | 1 | $165,000 | $165,000 | 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.