Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › HORIZON BANK
HORIZON BANK
2025 manufactured home lending from public HMDA data. Provider profile
Loans originated (2025)
80
+25.0% vs 2024Originations
$8.8M
Loans x average loanAverage loan
$109,750
Average interest rate
7.38%
Denial rate
35%
Home only share
26%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 138 | 80 | $8.8M | $109,750 | 7.38% | 35% | 26% |
| 2024 | 119 | 64 | $6.1M | $95,313 | 8.07% | 37% | 20% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| IN | 48 | $5.0M | $105,000 | 7.47% | 41% | 36% |
| MI | 32 | $3.7M | $116,875 | 7.24% | 22% | 10% |
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.