Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › FRANDSEN BANK & TRUST
FRANDSEN BANK & TRUST
2025 manufactured home lending from public HMDA data.
Loans originated (2025)
24
+4.3% vs 2024Originations
$2.4M
Loans x average loanAverage loan
$101,667
Average interest rate
8.26%
Denial rate
21%
Home only share
6%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 38 | 24 | $2.4M | $101,667 | 8.26% | 21% | 6% |
| 2024 | 33 | 23 | $2.4M | $102,391 | 8.75% | 9% | 28% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| MN | 20 | $1.9M | $94,500 | 8.56% | 17% | 7% |
| WI | 4 | $550,000 | $137,500 | 6.83% | 33% | 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.