Applications / Mortgage Analytics / Lenders / Illinois / First Choice MH
Oak Brook, IL · Non-bank or government lender · CFPB · 164 loans in 2025
First Choice MH's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
164
loans originated, 2025
185
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
First Choice MH lends only to buyers of manufactured homes, mostly in poorer neighborhoods, and made 164 such loans in 2025.
Every loan it made in 2025 financed the purchase of a manufactured home, and every one was conventional. Its typical loan was $95,000. Similar lenders, non-bank lenders making between half and twice as many loans, typically lent $370,000, and almost none of their loans were on manufactured homes.
Of its loans, 64.0% went to low- and moderate-income neighborhoods, against 21.6% at similar lenders, a higher share than almost all of them. Borrowers with low or moderate incomes took 64.6% of its loans. Five years before, only 13.0% of its loans were in such neighborhoods; the figures do not say what moved its lending there.
Its typical rate was 10.35%, against 6.62% at similar lenders. It turned down 11.4% of home-purchase applications, against 2.5%. All its lending is on manufactured homes, which similar lenders seldom finance, and that could account for both gaps.
Its loans fell 12% in 2025, from 186 to 164, while similar lenders grew 7% and the whole market 10%. It made 386 loans in 2020, fell to 115 in 2023 and has partly recovered since, so one year's fall may say little. In Victoria, Texas, which it entered in 2023, its share held at 1.1%.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. First Choice MH took 185 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 100.0%
Conventional 100.0% · of 164 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Michigan | 104 | 63.4% |
| Texas | 54 | 32.9% |
| Ohio | 6 | 3.7% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Victoria | 35 |
| Battle Creek | 29 |
| Warren-Troy-Farmington Hills | 22 |
| Tyler | 19 |
| Toledo | 6 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300MP59Z6SRKSVR49 | 2018–2025 |
| Respondent ID (the HMDA filer code before 2018) | 7471922435 |
Established 23 September 2014. Reported under HMDA 2017-2025.
Mergers, name changes, data editions and corrections: First Choice MH's data.
First Choice MH's data
$215
First Choice MH and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
Buy First Choice MH's data, $215Jenner Mortgage Analytics: all the data
$2,110
Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
Buy the data, $2,110Jenner, the SAS-compatible software
See prices
Jenner runs programs written in the SAS language. It drew every chart on these pages and fitted the fair-lending model, PROC GLIMMIX on 3.5 million applications. Run the programs that come with the data, or your own.
Get JennerQuestions, or the data and Jenner together: [email protected]