Manufactured Housing Purchase Mortgage Funnel (2024 HMDA)
Data Points
Data Points:
Applications: 563,668
Fallout: 137,555
Decision Ready: 425,513
Denials: 242,961
Approvals: 182,612
Not Accepted: 42,536
Final Originations: 140,076
Originations Rate: 25%
Date Published:
July 16, 2025
Date Updated:
July 16, 2025
Chart type:
Waterfall chart
Suggested Citation:
2024 HMDA Data analyzed in HMDAVision
Key Insight and Commentary
This waterfall chart reveals the dramatic attrition in MH purchase mortgage applications throughout 2024. Starting with 563,668 applications, significant fallout occurs immediately (137,555), leaving 425,513 decision-ready applications. The process then sees 242,961 denials against 182,612 approvals, with an additional 42,536 not accepted by borrowers, ultimately resulting in just 140,076 originations - a 25% originations rate.
From Analysis to Action
This analysis provides a clear blueprint for how to uncover meaningful market dynamics. Its true power is unleashed when you apply this same methodology to your own local markets. Because all real estate is local, this granular approach is essential for crafting precise strategies that effectively address the unique conditions of each community.
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