Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › Carter Bank and Trust
Carter Bank and Trust
2025 manufactured home lending from public HMDA data.
Loans originated (2025)
6
+200.0% vs 2024Originations
$8.2M
Loans x average loanAverage loan
$1,373,333
Average interest rate
6.59%
Denial rate
54%
Home only share
n/a
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 13 | 6 | $8.2M | $1,373,333 | 6.59% | 54% | n/a |
| 2024 | 14 | 2 | $1.7M | $870,000 | 6.88% | 71% | n/a |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| WV | 3 | $5.2M | $1,725,000 | 6.67% | 0% | n/a |
| NC | 2 | $2.8M | $1,390,000 | 6.65% | 60% | n/a |
| SC | 1 | $285,000 | $285,000 | 6.25% | 0% | n/a |
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.