Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › 21ST MORTGAGE
21ST MORTGAGE
2025 manufactured home lending from public HMDA data. Provider profile
Loans originated (2025)
27,961
-7.3% vs 2024Originations
$3.29B
Loans x average loanAverage loan
$117,802
Average interest rate
10.26%
Denial rate
48%
Home only share
79%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 157,377 | 27,961 | $3.29B | $117,802 | 10.26% | 48% | 79% |
| 2024 | 164,081 | 30,149 | $3.43B | $113,852 | 10.25% | 47% | 79% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| TX | 6,740 | $847.8M | $125,785 | 10.11% | 46% | 79% |
| FL | 2,083 | $285.4M | $137,012 | 9.89% | 49% | 63% |
| MI | 1,620 | $110.9M | $68,481 | 11.01% | 53% | 99% |
| AL | 1,274 | $160.1M | $125,644 | 10.11% | 46% | 73% |
| CA | 1,262 | $196.6M | $155,784 | 10.19% | 37% | 97% |
| GA | 1,214 | $161.4M | $132,949 | 9.92% | 51% | 66% |
| SC | 1,205 | $143.0M | $118,668 | 10.49% | 48% | 69% |
| LA | 1,092 | $125.1M | $114,560 | 10.27% | 49% | 71% |
| MS | 1,067 | $119.9M | $112,385 | 10.49% | 49% | 74% |
| OK | 873 | $104.7M | $119,971 | 10.02% | 47% | 72% |
| NC | 806 | $88.4M | $109,702 | 10.3% | 52% | 75% |
| NM | 782 | $108.8M | $139,194 | 9.88% | 46% | 80% |
| TN | 648 | $84.8M | $130,787 | 9.82% | 48% | 61% |
| OH | 647 | $62.7M | $96,917 | 10.54% | 52% | 96% |
| AR | 629 | $71.8M | $114,189 | 9.99% | 47% | 78% |
| KY | 504 | $60.2M | $119,444 | 10.14% | 48% | 69% |
| AZ | 488 | $60.7M | $124,406 | 10.07% | 42% | 83% |
| IN | 465 | $36.2M | $77,839 | 10.79% | 59% | 91% |
| PA | 440 | $38.6M | $87,841 | 10.93% | 48% | 91% |
| MO | 421 | $44.6M | $105,831 | 10.33% | 49% | 84% |
| NY | 362 | $40.7M | $112,514 | 10.3% | 44% | 75% |
| CO | 343 | $38.4M | $111,880 | 10.42% | 57% | 93% |
| IA | 266 | $21.4M | $80,602 | 11.25% | 57% | 99% |
| IL | 255 | $20.0M | $78,608 | 11.09% | 58% | 89% |
| MN | 244 | $22.4M | $91,639 | 10.8% | 53% | 95% |
| NV | 237 | $18.3M | $77,194 | 10.76% | 52% | 92% |
| OR | 204 | $23.9M | $117,157 | 10.41% | 47% | 88% |
| VA | 161 | $18.4M | $114,006 | 10.05% | 52% | 73% |
| WA | 161 | $22.2M | $137,671 | 10.21% | 44% | 83% |
| WV | 157 | $15.7M | $99,713 | 10.28% | 48% | 75% |
| UT | 146 | $14.6M | $100,205 | 10.4% | 54% | 92% |
| WI | 146 | $11.9M | $81,233 | 10.97% | 57% | 96% |
| NJ | 139 | $13.9M | $100,180 | 10.4% | 46% | 95% |
| MD | 126 | $11.7M | $92,937 | 10.22% | 54% | 96% |
| NE | 123 | $13.3M | $107,846 | 10.42% | 50% | 97% |
| ND | 108 | $12.1M | $111,574 | 10.86% | 43% | 98% |
| KS | 91 | $15.7M | $172,582 | 10.23% | 54% | 91% |
| MT | 83 | $9.2M | $110,542 | 10.45% | 48% | 83% |
| ID | 81 | $8.6M | $106,358 | 10.65% | 53% | 83% |
| WY | 53 | $5.8M | $109,906 | 10.29% | 50% | 98% |
| DE | 48 | $4.3M | $89,792 | 10.77% | 47% | 96% |
| NH | 47 | $6.3M | $135,000 | 10.01% | 49% | 81% |
| SD | 46 | $4.6M | $100,000 | 10.27% | 46% | 91% |
| VT | 32 | $4.4M | $136,250 | 9.57% | 40% | 41% |
| ME | 29 | $3.3M | $113,276 | 10.82% | 45% | 62% |
| CT | 13 | $1.1M | $83,462 | 10.66% | 46% | 92% |
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.