Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › ELGA Credit Union
ELGA Credit Union
2025 manufactured home lending from public HMDA data. Provider profile
Loans originated (2025)
26
+8.3% vs 2024Originations
$2.3M
Loans x average loanAverage loan
$87,692
Average interest rate
9.13%
Denial rate
23%
Home only share
12%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 35 | 26 | $2.3M | $87,692 | 9.13% | 23% | 12% |
| 2024 | 37 | 24 | $1.5M | $62,917 | 9.16% | 24% | 13% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| MI | 26 | $2.3M | $87,692 | 9.13% | 23% | 12% |
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.