Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › Carrington Mortgage Services LLC
Carrington Mortgage Services LLC
2025 manufactured home lending from public HMDA data. Provider profile
Loans originated (2025)
603
+15.3% vs 2024Originations
$99.7M
Loans x average loanAverage loan
$165,365
Average interest rate
6.8%
Denial rate
32%
Home only share
0%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 1,313 | 603 | $99.7M | $165,365 | 6.8% | 32% | 0% |
| 2024 | 1,306 | 523 | $95.0M | $181,616 | 6.3% | 36% | 0% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| NC | 64 | $8.4M | $131,094 | 7.03% | 34% | 0% |
| FL | 55 | $8.6M | $157,182 | 6.7% | 30% | 0% |
| TN | 44 | $5.8M | $130,909 | 7.24% | 21% | 0% |
| IN | 43 | $5.6M | $130,814 | 6.8% | 32% | 0% |
| MI | 35 | $4.7M | $135,286 | 6.81% | 20% | 0% |
| AZ | 32 | $6.4M | $200,625 | 6.48% | 37% | 0% |
| WA | 31 | $8.1M | $260,484 | 6.84% | 26% | 0% |
| CA | 29 | $6.3M | $216,379 | 6.8% | 35% | 0% |
| SC | 28 | $4.3M | $153,571 | 6.77% | 29% | 0% |
| VA | 22 | $3.6M | $163,636 | 6.64% | 40% | 0% |
| GA | 21 | $2.4M | $112,619 | 6.94% | 36% | 0% |
| NV | 18 | $3.8M | $208,889 | 6.83% | 14% | 0% |
| OH | 18 | $3.0M | $169,444 | 6.33% | 36% | 0% |
| KY | 17 | $2.9M | $170,294 | 6.86% | 27% | 0% |
| OR | 16 | $4.0M | $251,875 | 6.95% | 31% | 0% |
| TX | 16 | $3.5M | $216,250 | 6.6% | 24% | 0% |
| CO | 12 | $2.6M | $218,333 | 6.65% | 9% | 0% |
| NY | 10 | $1.6M | $155,000 | 6.34% | 48% | 0% |
| AL | 9 | $1.4M | $150,556 | 6.44% | 33% | 0% |
| MO | 8 | $1.4M | $175,000 | 6.38% | 57% | 0% |
| LA | 7 | $745,000 | $106,429 | 6.29% | 40% | 0% |
| MN | 7 | $1.2M | $165,000 | 6.25% | 30% | 0% |
| WV | 7 | $985,000 | $140,714 | 6.54% | 29% | 0% |
| MS | 6 | $720,000 | $120,000 | 7.04% | 27% | 0% |
| OK | 6 | $970,000 | $161,667 | 8% | 57% | 0% |
| WY | 5 | $1.0M | $203,000 | 6.95% | 11% | 0% |
| NM | 4 | $710,000 | $177,500 | 7% | 45% | 0% |
| PA | 4 | $550,000 | $137,500 | 7.69% | 25% | 0% |
| ME | 4 | $460,000 | $115,000 | 6.97% | 33% | 0% |
| AR | 4 | $680,000 | $170,000 | 6.19% | 25% | 0% |
| NH | 3 | $655,000 | $218,333 | 6.63% | 0% | 0% |
| WI | 3 | $535,000 | $178,333 | 6.04% | 25% | 0% |
| SD | 2 | $380,000 | $190,000 | 8% | 50% | 0% |
| ID | 2 | $260,000 | $130,000 | 5.94% | 33% | 0% |
| KS | 2 | $220,000 | $110,000 | 6.38% | 50% | 0% |
| DE | 2 | $320,000 | $160,000 | 5.75% | 56% | 0% |
| VT | 2 | $240,000 | $120,000 | 8% | 67% | 0% |
| MT | 1 | $95,000 | $95,000 | 9.38% | 50% | 0% |
| IL | 1 | $145,000 | $145,000 | 6.25% | 14% | 0% |
| IA | 1 | $115,000 | $115,000 | 6.63% | 50% | 0% |
| NE | 1 | $175,000 | $175,000 | 5.63% | 50% | 0% |
| UT | 1 | $275,000 | $275,000 | 6.13% | 29% | 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.