Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › Somerset Federal Credit Union
Somerset Federal Credit Union
2025 manufactured home lending from public HMDA data. Provider profile
Loans originated (2025)
99
+73.7% vs 2024Originations
$14.1M
Loans x average loanAverage loan
$142,273
Average interest rate
6.03%
Denial rate
13%
Home only share
100%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 173 | 99 | $14.1M | $142,273 | 6.03% | 13% | 100% |
| 2024 | 150 | 57 | $9.0M | $157,105 | 5.95% | 24% | 100% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| MA | 72 | $10.8M | $149,722 | 5.99% | 10% | 100% |
| RI | 27 | $3.3M | $122,407 | 6.12% | 17% | 100% |
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.