Market insights
What the data says about manufactured home communities, lending and ownership.
2025 annual HMDA filings, loaded Nov 9, 2026. HMDA is published once a year.
Loans originated (2025)
1,809
+12.1% vs 2024Originations
$396.8M
+78.8% vs 2024Average loan
$219,367
204 lendersAverage interest rate
8%
Denial rate
40%
Home only share
40%
Loans originated by year in MN
Top manufactured home lenders in MN
Select a column heading to re-rank. Select a lender to analyze it. Originations are inferred as loans times average loan. Showing the 100 largest lenders.
| # | |||||||
|---|---|---|---|---|---|---|---|
| 1 | 21ST MORTGAGE | 244 | $22.4M | $91,639 | 10.8% | 53% | 95% |
| 2 | TRIAD FINANCIAL SERVICES, INC. | 230 | $17.8M | $77,478 | 9.25% | 50% | 100% |
| 3 | BANKWEST, INC. | 91 | $7.4M | $81,813 | 8.5% | 55% | 97% |
| 4 | United Wholesale Mortgage | 61 | $14.3M | $234,344 | 6.25% | 15% | 0% |
| 5 | ROCKET MORTGAGE | 58 | $10.6M | $182,759 | 6.53% | 36% | 0% |
| 6 | NEW AMERICAN FUNDING, LLC. | 47 | $8.8M | $188,191 | 6.86% | 6% | 0% |
| 7 | First Alliance Credit Union | 46 | $3.0M | $66,087 | 7.54% | 55% | 93% |
| 8 | DEERWOOD BANK | 40 | $4.6M | $114,250 | 7.4% | 9% | 0% |
| 9 | Affinity Plus Federal Credit Union | 40 | $3.4M | $85,500 | 6.72% | 17% | 0% |
| 10 | NORTHVIEW BANK | 34 | $4.9M | $144,706 | n/a | 18% | n/a |
| 11 | COMPEER FINANCIAL | 31 | $5.4M | $173,710 | 7.31% | 14% | 0% |
| 12 | CROSSCOUNTRY MORTGAGE, LLC | 31 | $7.3M | $235,000 | 6.76% | 4% | 0% |
| 13 | Bell Bank | 27 | $5.7M | $210,556 | 6.81% | 16% | 0% |
| 14 | Mortgage Research Center | 25 | $5.3M | $211,000 | 6.37% | 17% | 0% |
| 15 | BORDER BANK | 25 | $2.6M | $105,400 | n/a | 0% | n/a |
| 16 | GUARANTEED RATE, INC. | 25 | $4.6M | $183,000 | 6.68% | 2% | 0% |
| 17 | FAIRWAY INDEPENDENT MORT CORP | 22 | $3.8M | $172,273 | 6.92% | 3% | 0% |
| 18 | Servion | 21 | $3.7M | $177,381 | 6.69% | 0% | 0% |
| 19 | Granite Bank | 21 | $4.2M | $198,333 | 6.62% | 4% | 0% |
| 20 | FRANDSEN BANK & TRUST | 20 | $1.9M | $94,500 | 8.56% | 17% | 7% |
| 21 | Members Cooperative Credit Union | 20 | $1.7M | $86,500 | 9.75% | 21% | 0% |
| 22 | PLAZA HOME MORTGAGE, INC | 19 | $3.9M | $204,474 | 6.71% | 12% | 0% |
| 23 | The First National Bank of Milaca | 17 | $1.1M | $66,176 | n/a | 26% | n/a |
| 24 | FIRST WESTERN BANK & TRUST | 17 | $2.3M | $135,000 | 6.76% | 0% | 6% |
| 25 | loanDepot.com LLC | 16 | $2.9M | $178,125 | 6.8% | 32% | 6% |
| 26 | EVERETT FINANCIAL, INC. | 16 | $3.1M | $194,375 | 6.67% | 9% | 0% |
| 27 | Merchants Bank, National Association | 15 | $2.5M | $168,333 | 6.48% | 11% | 33% |
| 28 | Midwest Bank | 15 | $1.8M | $122,333 | n/a | 0% | n/a |
| 29 | NORTHWOODS CREDIT UNION | 15 | $845,000 | $56,333 | 8.38% | 31% | 0% |
| 30 | First National Bank Bagley | 14 | $1.5M | $106,429 | n/a | 7% | n/a |
| 31 | NEWREZ LLC | 14 | $3.1M | $221,429 | 6.54% | 24% | 0% |
| 32 | North Shore Bank of Commerce | 14 | $3.2M | $229,286 | 6.61% | 13% | 0% |
| 33 | American National Bank of Minnesota | 12 | $1.1M | $95,000 | n/a | 8% | n/a |
| 34 | Centricity Credit Union | 12 | $1.3M | $105,000 | 7.05% | 0% | 25% |
| 35 | HOMEOWNERS FINANCIAL GROUP, LLC | 11 | $1.6M | $142,273 | 6.72% | 0% | 0% |
| 36 | Minnesota National Bank | 11 | $2.8M | $257,727 | n/a | 0% | n/a |
| 37 | PROSPERITY HOME MORTGAGE, LLC | 11 | $2.0M | $185,000 | 6.85% | 8% | 0% |
| 38 | US BANK, N.A. | 10 | $1.2M | $116,000 | 7.64% | 61% | 0% |
| 39 | NEIGHBORHOOD NATIONAL BANK | 10 | $880,000 | $88,000 | n/a | 0% | n/a |
| 40 | Dakota Heritage Bank | 10 | $920,000 | $92,000 | n/a | 0% | n/a |
| 41 | NATIONAL BANK OF COMMERCE | 9 | $1.4M | $150,556 | 6.87% | 12% | 0% |
| 42 | Chartwell Financial, LLC | 8 | $650,000 | $81,250 | 10.25% | 16% | 100% |
| 43 | Park State Bank | 8 | $1.4M | $176,250 | 6.79% | 33% | 0% |
| 44 | NATIONS LENDING CORPORATION | 8 | $1.1M | $131,250 | 6.77% | 9% | 0% |
| 45 | Carrington Mortgage Services LLC | 7 | $1.2M | $165,000 | 6.25% | 30% | 0% |
| 46 | PENNYMAC LOAN SERVICES LLC | 7 | $1.6M | $230,714 | 6.64% | 9% | 0% |
| 47 | Summit Mortgage Corporation | 7 | $1.4M | $202,143 | 6.77% | 11% | 0% |
| 48 | Magnifi Financial Credit Union | 7 | $128.9M | $18,407,857 | 5.84% | 11% | 17% |
| 49 | SHERBURNE STATE BANK | 7 | $925,000 | $132,143 | n/a | 0% | n/a |
| 50 | CARDINAL FINANCIAL COMPANY, LI | 6 | $1.2M | $200,000 | 7.04% | 14% | 0% |
| 51 | Old National Bank | 6 | $1.3M | $215,000 | 6.88% | 18% | 0% |
| 52 | Plains Commerce Bank | 6 | $1.4M | $240,000 | 6.75% | 9% | 0% |
| 53 | First State Bank of Le Center | 6 | $580,000 | $96,667 | n/a | 0% | n/a |
| 54 | Luminate Bank | 5 | $805,000 | $161,000 | 7.47% | 0% | 0% |
| 55 | Barrington Bank & Trust Company, N.A. | 5 | $1.1M | $225,000 | 6.3% | 14% | 0% |
| 56 | American Financial Resources LLC | 5 | $1.1M | $215,000 | 6.52% | 0% | 0% |
| 57 | HomeTown Bank | 5 | $935,000 | $187,000 | 7.01% | 0% | 0% |
| 58 | PRIMELENDING | 5 | $1.2M | $243,000 | 6.67% | 29% | 0% |
| 59 | North Star Credit Union | 5 | $405,000 | $81,000 | n/a | 0% | n/a |
| 60 | Minnwest Bank | 5 | $715,000 | $143,000 | 6.93% | 29% | 0% |
| 61 | American Pacific Mortgage Corporation | 5 | $1.0M | $203,000 | 6.95% | 14% | 0% |
| 62 | Farmers & Merchants State Bank | 5 | $425,000 | $85,000 | n/a | 0% | n/a |
| 63 | The State Bank of Faribault | 5 | $745,000 | $149,000 | n/a | 0% | n/a |
| 64 | TRADITION MORTGAGE, LLC | 5 | $1.1M | $211,000 | 6.97% | 0% | 40% |
| 65 | Woodlands National Bank | 4 | $610,000 | $152,500 | n/a | 25% | n/a |
| 66 | Kensington Bank | 4 | $290,000 | $72,500 | n/a | 0% | n/a |
| 67 | American Federal Bank | 4 | $820,000 | $205,000 | n/a | 20% | n/a |
| 68 | PLANET HOME LENDING, LLC | 4 | $850,000 | $212,500 | 6.25% | 17% | 0% |
| 69 | ROYAL CREDIT UNION | 4 | $750,000 | $187,500 | 6.35% | 43% | 0% |
| 70 | Northwestern Bank, NA | 4 | $250,000 | $62,500 | n/a | 0% | n/a |
| 71 | GUILD MORTGAGE COMPANY | 4 | $920,000 | $230,000 | 6.65% | 14% | 0% |
| 72 | PARAMOUNT RESIDENTIAL MORTGAGE | 4 | $1.0M | $257,500 | 6.81% | 17% | 0% |
| 73 | Altra Federal Credit Union | 4 | $880,000 | $220,000 | 6.81% | 0% | 0% |
| 74 | Associated Bank NA | 3 | $155,000 | $51,667 | 8.54% | 50% | 0% |
| 75 | SUN WEST MORTGAGE COMPANY, INC | 3 | $685,000 | $228,333 | 6.04% | 25% | 0% |
| 76 | Click n' Close, Inc. | 3 | $465,000 | $155,000 | 6.54% | 0% | 0% |
| 77 | AdvantageFirst Lending Inc | 3 | $895,000 | $298,333 | 6.58% | 40% | 0% |
| 78 | Peoples State Bank of Plainview | 3 | $235,000 | $78,333 | n/a | 40% | n/a |
| 79 | Gate City Bank | 3 | $725,000 | $241,667 | 6.8% | 25% | 0% |
| 80 | FNB Moose Lake | 3 | $1.4M | $468,333 | n/a | 33% | n/a |
| 81 | Cornerstone State Bank | 3 | $485,000 | $161,667 | 6.83% | 25% | 0% |
| 82 | Synergy One Lending, Inc. | 3 | $375,000 | $125,000 | 7.21% | 0% | 0% |
| 83 | TRUSTONE FINANCIAL CREDIT UNION | 3 | $995,000 | $331,667 | 6.75% | 0% | 0% |
| 84 | FREEDOM MORTGAGE CORPORATION | 3 | $755,000 | $251,667 | 6.67% | 36% | 0% |
| 85 | North Shore Federal Credit Union | 3 | $685,000 | $228,333 | 6.17% | 0% | 0% |
| 86 | St. Cloud Financial Credit Union | 3 | $715,000 | $238,333 | 6.54% | 0% | 0% |
| 87 | MEGASTAR FINANACIAL CORP | 3 | $625,000 | $208,333 | 6.63% | 0% | 0% |
| 88 | WINGS FINANCIAL CREDIT UNION | 3 | $665,000 | $221,667 | 6.67% | 50% | 0% |
| 89 | GENWAY HOME MORTGAGE, INC. | 3 | $35,000 | $11,667 | 9.25% | 33% | 0% |
| 90 | PINE COUNTRY BANK | 3 | $355,000 | $118,333 | n/a | 0% | n/a |
| 91 | BANKVISTA | 3 | $155,000 | $51,667 | n/a | 0% | n/a |
| 92 | Star Bank | 3 | $265,000 | $88,333 | n/a | 25% | n/a |
| 93 | MARINE CREDIT UNION | 3 | $695,000 | $231,667 | 8.31% | 20% | 0% |
| 94 | FIRST COMMUNITY CREDIT UNION | 3 | $435,000 | $145,000 | 8.08% | 0% | 33% |
| 95 | American Neighborhood Mortgage Acceptance Company | 3 | $665,000 | $221,667 | 6.62% | 0% | 0% |
| 96 | UNION HOME MORTGAGE CORP. | 2 | $190,000 | $95,000 | 6.13% | 0% | 0% |
| 97 | Falcon National Bank | 2 | $700,000 | $350,000 | n/a | 0% | n/a |
| 98 | FINANCE OF AMERICA REVERSE LLC | 2 | $200,000 | $100,000 | 6.43% | 33% | 0% |
| 99 | Navy Federal Credit Union | 2 | $500,000 | $250,000 | 6.38% | 40% | 0% |
| 100 | Ultima Bank Minnesota | 2 | $80,000 | $40,000 | n/a | 0% | n/a |
Data source: Home Mortgage Disclosure Act (HMDA). Public data published by the FFIEC and CFPB, covering loans reported with a manufactured home construction method. The public data is released once a year, so the latest year shown is the most recent full year of filings. Only the largest lenders report quarterly, and those figures are not published by lender. HMDA covers lenders above reporting thresholds, so very small lenders may be missing. Average rate is across loans that reported a rate. Denial rate is denied applications divided by all applications. Home only loans are secured by the home without the land, which is typical in land lease communities. This is informational, not a recommendation of any lender.