Market insights
What the data says about manufactured home communities, lending and ownership.
Lenders › Mercantile Bank
Mercantile Bank
2025 manufactured home lending from public HMDA data. Provider profile
Loans originated (2025)
83
-11.7% vs 2024Originations
$11.0M
Loans x average loanAverage loan
$133,072
Average interest rate
7.25%
Denial rate
23%
Home only share
0%
Year over year
| Year | Applications | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|---|
| 2025 | 149 | 83 | $11.0M | $133,072 | 7.25% | 23% | 0% |
| 2024 | 146 | 94 | $12.3M | $130,638 | 7.36% | 19% | 0% |
Lending by state (2025)
| State | Loans | Originations | Avg loan | Avg rate | Denial rate | Home only |
|---|---|---|---|---|---|---|
| MI | 83 | $11.0M | $133,072 | 7.25% | 23% | 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.