Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › Dacotah Bank
Dacotah Bank
2025 manufactured home lending from public HMDA data.
Loans originated (2025)
16
-30.4% vs 2024Originations
$2.1M
Loans x average loanAverage loan
$134,375
Average interest rate
7.41%
Denial rate
5%
Home only share
19%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 21 | 16 | $2.1M | $134,375 | 7.41% | 5% | 19% |
| 2024 | 29 | 23 | $3.2M | $141,087 | 7.63% | 10% | 13% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| ND | 10 | $1.2M | $117,000 | 7.38% | 8% | 20% |
| SD | 6 | $980,000 | $163,333 | 7.45% | 0% | 17% |
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.