Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › BoxCar Mortgage, LLC
BoxCar Mortgage, LLC
2025 manufactured home lending from public HMDA data. Provider profile
Loans originated (2025)
115
+76.9% vs 2024Originations
$22.0M
Loans x average loanAverage loan
$191,609
Average interest rate
6.76%
Denial rate
7%
Home only share
0%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 152 | 115 | $22.0M | $191,609 | 6.76% | 7% | 0% |
| 2024 | 113 | 65 | $14.0M | $215,000 | 6.77% | 9% | 0% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| AZ | 21 | $3.7M | $175,476 | 6.74% | 8% | 0% |
| GA | 18 | $2.8M | $156,111 | 6.64% | 9% | 0% |
| FL | 17 | $2.5M | $145,000 | 6.95% | 12% | 0% |
| NC | 9 | $1.6M | $179,444 | 6.93% | 9% | 0% |
| WA | 9 | $2.5M | $282,778 | 6.62% | 0% | 0% |
| CO | 9 | $3.2M | $358,333 | 6.17% | 9% | 0% |
| AL | 8 | $1.4M | $171,250 | 6.76% | 8% | 0% |
| OH | 4 | $840,000 | $210,000 | 6.75% | 0% | 0% |
| PA | 3 | $445,000 | $148,333 | 7% | 0% | 0% |
| TN | 3 | $365,000 | $121,667 | 6.87% | 0% | 0% |
| IN | 3 | $605,000 | $201,667 | 6.58% | 0% | 0% |
| KY | 2 | $120,000 | $60,000 | 7.38% | 0% | 0% |
| WY | 1 | $395,000 | $395,000 | 6.88% | 0% | 0% |
| CA | 1 | $235,000 | $235,000 | 7.25% | 0% | 0% |
| KS | 1 | $125,000 | $125,000 | 7.25% | 0% | 0% |
| LA | 1 | $115,000 | $115,000 | 6.75% | 0% | 0% |
| MN | 1 | $245,000 | $245,000 | 7.63% | 0% | 0% |
| OR | 1 | $265,000 | $265,000 | 6.75% | 0% | 0% |
| SC | 1 | $165,000 | $165,000 | 7% | 0% | 0% |
| TX | 1 | $255,000 | $255,000 | 6.63% | 0% | 0% |
| WV | 1 | $145,000 | $145,000 | 7.13% | 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.