Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › Lake Michigan Credit Union
Lake Michigan Credit Union
2025 manufactured home lending from public HMDA data. Provider profile
Loans originated (2025)
159
+12.0% vs 2024Originations
$25.7M
Loans x average loanAverage loan
$161,352
Average interest rate
7.09%
Denial rate
15%
Home only share
0%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 256 | 159 | $25.7M | $161,352 | 7.09% | 15% | 0% |
| 2024 | 232 | 142 | $22.0M | $155,000 | 7.26% | 21% | 0% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| MI | 144 | $23.0M | $159,444 | 7.11% | 15% | 0% |
| FL | 12 | $2.1M | $178,333 | 6.66% | 8% | 0% |
| IN | 3 | $555,000 | $185,000 | 7.46% | 25% | 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.