Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › FIRSTBANK
FIRSTBANK
2025 manufactured home lending from public HMDA data. Provider profile
Loans originated (2025)
1,121
+23.6% vs 2024Originations
$154.0M
Loans x average loanAverage loan
$137,382
Average interest rate
8.87%
Denial rate
59%
Home only share
74%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 7,061 | 1,121 | $154.0M | $137,382 | 8.87% | 59% | 74% |
| 2024 | 8,213 | 907 | $112.9M | $124,504 | 9.25% | 61% | 77% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| AL | 301 | $28.5M | $94,668 | 9.25% | 53% | 89% |
| TN | 264 | $34.3M | $129,848 | 8.07% | 50% | 32% |
| MS | 226 | $17.2M | $76,283 | 9.09% | 54% | 91% |
| TX | 152 | $29.9M | $196,908 | 9.41% | 71% | 100% |
| KY | 96 | $9.6M | $99,792 | 8.71% | 59% | 71% |
| GA | 44 | $6.4M | $144,545 | 8.84% | 65% | 65% |
| FL | 31 | $12.0M | $387,258 | 8.57% | 55% | 59% |
| OK | 4 | $250,000 | $62,500 | 5.13% | 9% | 100% |
| PA | 2 | $10.0M | $5,005,000 | 8.5% | 0% | n/a |
| NC | 1 | $5.9M | $5,855,000 | 7.57% | 0% | n/a |
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.