Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › LOWER, LLC
LOWER, LLC
2025 manufactured home lending from public HMDA data.
Loans originated (2025)
429
+39.3% vs 2024Originations
$88.7M
Loans x average loanAverage loan
$206,865
Average interest rate
6.74%
Denial rate
12%
Home only share
0%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 650 | 429 | $88.7M | $206,865 | 6.74% | 12% | 0% |
| 2024 | 471 | 308 | $65.1M | $211,364 | 6.94% | 14% | 0% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| SC | 79 | $15.4M | $195,000 | 6.87% | 10% | 0% |
| NC | 63 | $12.4M | $197,540 | 6.76% | 9% | 0% |
| FL | 47 | $9.0M | $192,021 | 6.73% | 17% | 0% |
| GA | 35 | $6.5M | $185,286 | 6.93% | 8% | 0% |
| CO | 30 | $7.2M | $240,333 | 6.48% | 6% | 0% |
| OH | 23 | $4.5M | $194,565 | 6.57% | 10% | 0% |
| TX | 22 | $4.6M | $208,182 | 7.12% | 16% | 0% |
| TN | 22 | $4.9M | $223,182 | 6.74% | 12% | 0% |
| WA | 15 | $5.2M | $347,000 | 6.28% | 13% | 0% |
| IN | 14 | $2.3M | $165,714 | 6.9% | 11% | 0% |
| KY | 12 | $1.9M | $155,000 | 6.43% | 22% | 0% |
| VA | 8 | $1.5M | $192,500 | 6.67% | 18% | 0% |
| DE | 8 | $1.8M | $230,000 | 6.72% | 0% | 0% |
| MT | 7 | $1.8M | $250,714 | 6.05% | 9% | 0% |
| LA | 6 | $880,000 | $146,667 | 6.98% | 13% | 0% |
| OR | 5 | $1.4M | $271,000 | 6.58% | 9% | 0% |
| AZ | 5 | $1.3M | $269,000 | 6.58% | 10% | 0% |
| AL | 5 | $885,000 | $177,000 | 6.95% | 14% | 0% |
| MO | 4 | $710,000 | $177,500 | 6.97% | 13% | 0% |
| WV | 3 | $715,000 | $238,333 | 6.92% | 0% | 0% |
| NV | 2 | $690,000 | $345,000 | 6.31% | 0% | 0% |
| PA | 2 | $340,000 | $170,000 | 5.88% | 20% | 0% |
| IL | 2 | $350,000 | $175,000 | 7.06% | 0% | 0% |
| IA | 2 | $490,000 | $245,000 | 6.49% | 0% | 0% |
| AR | 2 | $410,000 | $205,000 | 7.06% | 50% | 0% |
| SD | 1 | $295,000 | $295,000 | 6.75% | 0% | 0% |
| NM | 1 | $135,000 | $135,000 | 6.75% | 0% | 0% |
| OK | 1 | $215,000 | $215,000 | 5.5% | 0% | 0% |
| MN | 1 | $85,000 | $85,000 | 7.13% | 0% | 0% |
| CT | 1 | $475,000 | $475,000 | 5.99% | 0% | 0% |
| CA | 1 | $315,000 | $315,000 | 6.38% | 44% | 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.