Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › GREENSTATE CREDIT UNION
GREENSTATE CREDIT UNION
2025 manufactured home lending from public HMDA data.
Loans originated (2025)
617
+37.7% vs 2024Originations
$40.2M
Loans x average loanAverage loan
$65,178
Average interest rate
8.8%
Denial rate
47%
Home only share
93%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 1,907 | 617 | $40.2M | $65,178 | 8.8% | 47% | 93% |
| 2024 | 2,152 | 448 | $23.8M | $53,147 | 10.22% | 61% | 100% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| MI | 299 | $20.0M | $67,007 | 8.82% | 46% | 100% |
| IA | 143 | $10.5M | $73,252 | 8.54% | 39% | 72% |
| IL | 65 | $3.7M | $56,385 | 8.92% | 53% | 92% |
| OH | 38 | $2.1M | $56,579 | 8.63% | 43% | 97% |
| IN | 36 | $1.8M | $50,278 | 9.33% | 61% | 100% |
| WI | 36 | $2.1M | $57,778 | 9.07% | 49% | 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.