Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › NORTHWOODS CREDIT UNION
NORTHWOODS CREDIT UNION
2025 manufactured home lending from public HMDA data.
Loans originated (2025)
15
+66.7% vs 2024Originations
$845,000
Loans x average loanAverage loan
$56,333
Average interest rate
8.38%
Denial rate
31%
Home only share
0%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 26 | 15 | $845,000 | $56,333 | 8.38% | 31% | 0% |
| 2024 | 16 | 9 | $635,000 | $70,556 | 9.5% | 31% | 0% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| MN | 15 | $845,000 | $56,333 | 8.38% | 31% | 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.