Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › NORTHWEST BANK
NORTHWEST BANK
2025 manufactured home lending from public HMDA data.
Loans originated (2025)
16
-5.9% vs 2024Originations
$2.2M
Loans x average loanAverage loan
$135,625
Average interest rate
7.81%
Denial rate
17%
Home only share
38%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 23 | 16 | $2.2M | $135,625 | 7.81% | 17% | 38% |
| 2024 | 25 | 17 | $2.8M | $164,412 | 8.53% | 16% | 41% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| IA | 16 | $2.2M | $135,625 | 7.81% | 14% | 38% |
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.