Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › 1ST SOURCE BANK
1ST SOURCE BANK
2025 manufactured home lending from public HMDA data. Provider profile
Loans originated (2025)
29
-34.1% vs 2024Originations
$2.2M
Loans x average loanAverage loan
$77,414
Average interest rate
7.56%
Denial rate
31%
Home only share
0%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 51 | 29 | $2.2M | $77,414 | 7.56% | 31% | 0% |
| 2024 | 64 | 44 | $2.5M | $57,955 | 8.35% | 25% | 0% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| IN | 28 | $2.2M | $79,643 | 7.55% | 31% | 0% |
| MI | 1 | $15,000 | $15,000 | 7.75% | 50% | 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.