Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › HILLS BANK AND TRUST COMPANY
HILLS BANK AND TRUST COMPANY
2025 manufactured home lending from public HMDA data.
Loans originated (2025)
5
-54.5% vs 2024Originations
$515,000
Loans x average loanAverage loan
$103,000
Average interest rate
6.35%
Denial rate
17%
Home only share
60%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 6 | 5 | $515,000 | $103,000 | 6.35% | 17% | 60% |
| 2024 | 15 | 11 | $1.2M | $112,273 | 7.26% | 20% | 91% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| IA | 5 | $515,000 | $103,000 | 6.35% | 17% | 60% |
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.