Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › Fifth Third Bank, National Association
Fifth Third Bank, National Association
2025 manufactured home lending from public HMDA data.
Loans originated (2025)
249
-0.8% vs 2024Originations
$39.5M
Loans x average loanAverage loan
$158,494
Average interest rate
6.45%
Denial rate
52%
Home only share
0%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 853 | 249 | $39.5M | $158,494 | 6.45% | 52% | 0% |
| 2024 | 710 | 251 | $33.5M | $133,645 | 6.77% | 47% | 0% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| MI | 75 | $9.7M | $129,400 | 6.48% | 52% | 0% |
| IN | 44 | $6.0M | $136,364 | 6.46% | 55% | 0% |
| OH | 38 | $4.7M | $123,947 | 6.54% | 57% | 0% |
| KY | 29 | $4.2M | $144,310 | 6.21% | 45% | 0% |
| NC | 24 | $4.0M | $166,250 | 6.49% | 43% | 0% |
| FL | 16 | $2.5M | $159,375 | 6.58% | 53% | 0% |
| IL | 8 | $5.7M | $713,750 | 6.6% | 58% | 0% |
| TN | 3 | $835,000 | $278,333 | 6.54% | 71% | 0% |
| AL | 2 | $290,000 | $145,000 | 5.94% | 29% | 0% |
| LA | 2 | $430,000 | $215,000 | 6.25% | 0% | 0% |
| PA | 2 | $320,000 | $160,000 | 6.56% | 0% | 0% |
| SC | 2 | $350,000 | $175,000 | 6.06% | 50% | 0% |
| CA | 1 | $125,000 | $125,000 | 6.13% | 50% | 0% |
| WV | 1 | $125,000 | $125,000 | 5.63% | 70% | 0% |
| IA | 1 | $75,000 | $75,000 | 5.75% | 50% | 0% |
| GA | 1 | $65,000 | $65,000 | 6.63% | 38% | 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.