Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › GERSHMAN INVESTMENT CORP.
GERSHMAN INVESTMENT CORP.
2025 manufactured home lending from public HMDA data.
Loans originated (2025)
257
+38.2% vs 2024Originations
$52.9M
Loans x average loanAverage loan
$205,661
Average interest rate
6.38%
Denial rate
6%
Home only share
0%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 327 | 257 | $52.9M | $205,661 | 6.38% | 6% | 0% |
| 2024 | 280 | 186 | $34.0M | $183,065 | 6.69% | 11% | 0% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| MO | 125 | $28.1M | $225,080 | 6.48% | 3% | 0% |
| KY | 56 | $6.5M | $115,179 | 6.06% | 6% | 0% |
| FL | 20 | $4.5M | $225,000 | 6.52% | 4% | 0% |
| AR | 15 | $4.8M | $319,667 | 6.15% | 10% | 0% |
| IL | 13 | $2.3M | $178,846 | 6.81% | 14% | 0% |
| NE | 10 | $2.7M | $268,000 | 6.69% | 0% | 0% |
| TN | 10 | $2.2M | $224,000 | 6.29% | 0% | 0% |
| IA | 6 | $1.3M | $216,667 | 6.37% | 0% | 0% |
| OK | 1 | $285,000 | $285,000 | 6% | 50% | 0% |
| TX | 1 | $145,000 | $145,000 | 6.88% | 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.