Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › Gate City Bank
Gate City Bank
2025 manufactured home lending from public HMDA data.
Loans originated (2025)
23
+0.0% vs 2024Originations
$2.6M
Loans x average loanAverage loan
$111,522
Average interest rate
6.71%
Denial rate
41%
Home only share
0%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 58 | 23 | $2.6M | $111,522 | 6.71% | 41% | 0% |
| 2024 | 66 | 23 | $3.4M | $146,739 | 7.03% | 47% | 0% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| ND | 19 | $1.7M | $88,158 | 6.67% | 42% | 0% |
| MN | 3 | $725,000 | $241,667 | 6.8% | 25% | 0% |
| AZ | 1 | $165,000 | $165,000 | 7.25% | 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.