Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › CARDINAL FINANCIAL COMPANY, LI
CARDINAL FINANCIAL COMPANY, LI
2025 manufactured home lending from public HMDA data. Provider profile
Loans originated (2025)
1,500
+6.6% vs 2024Originations
$312.3M
Loans x average loanAverage loan
$208,180
Average interest rate
6.47%
Denial rate
11%
Home only share
0%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 2,369 | 1,500 | $312.3M | $208,180 | 6.47% | 11% | 0% |
| 2024 | 2,201 | 1,407 | $274.1M | $194,801 | 6.66% | 11% | 0% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| TX | 232 | $59.8M | $257,931 | 6.41% | 8% | 0% |
| MS | 216 | $44.6M | $206,481 | 6% | 3% | 0% |
| TN | 179 | $34.0M | $189,804 | 6.58% | 11% | 0% |
| FL | 135 | $28.1M | $208,037 | 6.33% | 9% | 0% |
| NC | 107 | $20.4M | $190,607 | 6.66% | 17% | 0% |
| SC | 86 | $17.4M | $201,744 | 6.65% | 15% | 0% |
| AL | 80 | $17.3M | $216,500 | 6.1% | 7% | 0% |
| GA | 71 | $11.4M | $160,070 | 6.82% | 13% | 0% |
| IN | 54 | $8.9M | $164,259 | 7.07% | 3% | 0% |
| AZ | 44 | $9.4M | $214,773 | 6.8% | 11% | 0% |
| OK | 40 | $8.5M | $211,500 | 6.24% | 15% | 0% |
| MO | 39 | $7.3M | $186,282 | 6.55% | 14% | 0% |
| VA | 31 | $4.5M | $145,000 | 7.14% | 11% | 0% |
| KY | 25 | $5.2M | $206,200 | 6.25% | 12% | 0% |
| OH | 24 | $4.9M | $205,000 | 6.41% | 14% | 0% |
| LA | 23 | $4.9M | $215,000 | 6.18% | 15% | 0% |
| MI | 21 | $3.3M | $157,381 | 7.12% | 8% | 0% |
| NV | 14 | $4.0M | $284,286 | 6.59% | 16% | 0% |
| WA | 12 | $3.5M | $287,500 | 6.6% | 26% | 0% |
| WI | 10 | $1.5M | $150,000 | 7.2% | 29% | 0% |
| AR | 10 | $2.4M | $237,000 | 6.4% | 18% | 0% |
| PA | 6 | $1.1M | $190,000 | 6.81% | 27% | 0% |
| CA | 6 | $2.0M | $340,000 | 6.75% | 0% | 0% |
| MN | 6 | $1.2M | $200,000 | 7.04% | 14% | 0% |
| KS | 5 | $655,000 | $131,000 | 6.69% | 0% | 0% |
| IL | 4 | $730,000 | $182,500 | 6.06% | 20% | 0% |
| OR | 4 | $1.8M | $460,000 | 6.69% | 17% | 0% |
| NM | 3 | $505,000 | $168,333 | 6.75% | 0% | 0% |
| CO | 3 | $1.1M | $361,667 | 6.46% | 40% | 0% |
| DE | 2 | $540,000 | $270,000 | 6.31% | 33% | 0% |
| IA | 2 | $400,000 | $200,000 | 7.13% | 0% | 0% |
| WV | 2 | $220,000 | $110,000 | 7.99% | 60% | 0% |
| NY | 1 | $145,000 | $145,000 | 7.63% | 0% | 0% |
| MD | 1 | $225,000 | $225,000 | 4.63% | 0% | 0% |
| NE | 1 | $215,000 | $215,000 | 4.99% | 0% | 0% |
| UT | 1 | $235,000 | $235,000 | 6.88% | 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.