Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › CENTRAL BANK
CENTRAL BANK
2025 manufactured home lending from public HMDA data.
Loans originated (2025)
6
-33.3% vs 2024Originations
$850,000
Loans x average loanAverage loan
$141,667
Average interest rate
6.5%
Denial rate
10%
Home only share
17%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 10 | 6 | $850,000 | $141,667 | 6.5% | 10% | 17% |
| 2024 | 13 | 9 | $1.3M | $147,222 | 6.55% | 8% | 22% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| IA | 4 | $690,000 | $172,500 | 6.81% | 14% | 25% |
| MN | 1 | $65,000 | $65,000 | 5.75% | 0% | 0% |
| SD | 1 | $95,000 | $95,000 | 6% | 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.