Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › MICHIGAN MUTUAL, INC
MICHIGAN MUTUAL, INC
2025 manufactured home lending from public HMDA data. Provider profile
Loans originated (2025)
94
+16.0% vs 2024Originations
$26.3M
Loans x average loanAverage loan
$279,468
Average interest rate
6.91%
Denial rate
6%
Home only share
0%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 158 | 94 | $26.3M | $279,468 | 6.91% | 6% | 0% |
| 2024 | 134 | 81 | $15.3M | $189,198 | 6.89% | 16% | 0% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| MI | 33 | $7.5M | $226,212 | 7.03% | 4% | 0% |
| FL | 18 | $5.5M | $307,778 | 6.96% | 11% | 0% |
| NC | 7 | $1.5M | $212,143 | 7.23% | 0% | 0% |
| AZ | 6 | $2.1M | $358,333 | 6.37% | 10% | 0% |
| CO | 6 | $3.2M | $531,667 | 6.65% | 13% | 0% |
| PA | 5 | $1.3M | $267,000 | 6.73% | 0% | 0% |
| MD | 3 | $835,000 | $278,333 | 6.54% | 25% | 0% |
| CA | 3 | $1.5M | $501,667 | 6.79% | 0% | 0% |
| OH | 3 | $345,000 | $115,000 | 7% | 0% | 0% |
| NV | 2 | $410,000 | $205,000 | 7% | 0% | 0% |
| IN | 2 | $260,000 | $130,000 | 6.94% | 0% | 0% |
| DE | 1 | $485,000 | $485,000 | 7.5% | 0% | 0% |
| TN | 1 | $325,000 | $325,000 | 6.99% | 0% | 0% |
| VA | 1 | $255,000 | $255,000 | 6.5% | 0% | 0% |
| KS | 1 | $205,000 | $205,000 | 6.25% | 0% | 0% |
| KY | 1 | $225,000 | $225,000 | 6.88% | 0% | 0% |
| WI | 1 | $255,000 | $255,000 | 7.5% | 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.