Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › ALCOVA Mortgage, LLC
ALCOVA Mortgage, LLC
2025 manufactured home lending from public HMDA data.
Loans originated (2025)
247
+16.0% vs 2024Originations
$46.2M
Loans x average loanAverage loan
$186,903
Average interest rate
6.89%
Denial rate
5%
Home only share
0%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 351 | 247 | $46.2M | $186,903 | 6.89% | 5% | 0% |
| 2024 | 230 | 213 | $37.5M | $176,080 | 7.07% | 2% | 0% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| VA | 88 | $16.5M | $187,955 | 6.9% | 6% | 0% |
| NC | 72 | $14.1M | $196,111 | 6.78% | 2% | 0% |
| SC | 38 | $7.0M | $184,737 | 6.95% | 9% | 0% |
| WV | 24 | $3.7M | $153,750 | 7.1% | 3% | 0% |
| GA | 9 | $1.8M | $199,444 | 6.75% | 7% | 0% |
| FL | 8 | $1.4M | $181,250 | 6.89% | 0% | 0% |
| TX | 2 | $590,000 | $295,000 | 6.62% | 0% | 0% |
| TN | 2 | $380,000 | $190,000 | 6.81% | 17% | 0% |
| MD | 2 | $280,000 | $140,000 | 7.25% | 0% | 0% |
| IN | 1 | $185,000 | $185,000 | 6.5% | 0% | 0% |
| AL | 1 | $115,000 | $115,000 | 7.63% | 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.