Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › NORWICH COMMERCIAL GROUP INC
NORWICH COMMERCIAL GROUP INC
2025 manufactured home lending from public HMDA data.
Loans originated (2025)
14
-17.6% vs 2024Originations
$4.1M
Loans x average loanAverage loan
$293,571
Average interest rate
6.48%
Denial rate
23%
Home only share
77%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 31 | 14 | $4.1M | $293,571 | 6.48% | 23% | 77% |
| 2024 | 37 | 17 | $3.1M | $182,647 | 6.92% | 14% | 57% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| NY | 2 | $310,000 | $155,000 | 6.75% | 0% | 50% |
| FL | 2 | $140,000 | $70,000 | 7.75% | 57% | 100% |
| TX | 2 | $690,000 | $345,000 | 6.06% | 33% | 50% |
| VT | 2 | $450,000 | $225,000 | 6.69% | 0% | 50% |
| AL | 1 | $355,000 | $355,000 | 6.75% | 0% | 100% |
| TN | 1 | $355,000 | $355,000 | 5.75% | 50% | 100% |
| ID | 1 | $335,000 | $335,000 | 5.75% | 0% | 100% |
| AZ | 1 | $305,000 | $305,000 | 6.75% | 0% | 100% |
| CA | 1 | $595,000 | $595,000 | 5.75% | 0% | n/a |
| CO | 1 | $575,000 | $575,000 | 6.75% | 0% | 100% |
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.