Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › North Shore Bank of Commerce
North Shore Bank of Commerce
2025 manufactured home lending from public HMDA data.
Loans originated (2025)
17
+240.0% vs 2024Originations
$3.8M
Loans x average loanAverage loan
$220,882
Average interest rate
6.57%
Denial rate
14%
Home only share
0%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 21 | 17 | $3.8M | $220,882 | 6.57% | 14% | 0% |
| 2024 | 7 | 5 | $1.2M | $235,000 | 6.83% | 0% | 0% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| MN | 14 | $3.2M | $229,286 | 6.61% | 13% | 0% |
| WI | 3 | $545,000 | $181,667 | 6.42% | 25% | 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.