Milend at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the F grade breaks down
Each component is a percentile rank among 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
7th33.1% deniedPricingmedian rate spread over APOR, weight 30%
37th0.32 ptsProcesswithdrawn + incomplete share, weight 15%
1st60.4%Closing coststotal loan costs ÷ loan amount, weight 10%
3rd5.53% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 4,645 | 1,305 | 10.6% | 26.9% | 6.63% | $334M |
| 2024 | 4,767 | 1,414 | 9.3% | 23.3% | 6.50% | $387M |
| 2025 | 6,161 | 1,460 | 13.1% | 33.1% | 6.25% | $410M |
What Milend lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 334 manufactured homes, 44 investment properties.
Why Milend denies applications
Primary reason reported for each of the 808 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Milend
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 1,004 | 165 | 55.1% |
| $50k – $100k | 3,045 | 741 | 31.8% |
| $100k – $150k | 1,316 | 365 | 25.0% |
| $150k – $250k | 630 | 153 | 17.1% |
| Over $250k | 143 | 30 | 24.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 54 | 8 | 52.9% |
| 25–34 | 667 | 123 | 36.0% |
| 35–44 | 1,074 | 252 | 31.6% |
| 45–54 | 1,297 | 360 | 30.9% |
| 55–64 | 1,462 | 371 | 31.2% |
| 65–74 | 1,075 | 246 | 33.8% |
| Over 74 | 531 | 100 | 42.7% |
Where Milend lends
17 states and 904 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Georgia | 1,507 | 457 | 11.2% | 6.25% | #64 |
| North Carolina | 757 | 175 | 13.2% | 6.38% | #105 |
| Florida | 490 | 79 | 19.8% | 6.25% | #242 |
| Ohio | 469 | 93 | 11.1% | 6.13% | #147 |
| Alabama | 439 | 97 | 14.8% | 6.50% | #94 |
| Tennessee | 438 | 124 | 12.3% | 6.25% | #124 |
| Virginia | 393 | 115 | 10.4% | 6.25% | #129 |
| Pennsylvania | 359 | 59 | 15.0% | 6.25% | #209 |
| South Carolina | 282 | 46 | 15.6% | 6.25% | #144 |
| Indiana | 256 | 46 | 10.2% | 6.38% | #175 |
| Michigan | 205 | 51 | 17.1% | 6.25% | #205 |
| Massachusetts | 147 | 30 | 12.2% | 6.25% | #206 |
| Maryland | 144 | 32 | 14.6% | 6.25% | #199 |
| New Jersey | 125 | 26 | 12.8% | 6.19% | #244 |
| Minnesota | 104 | 24 | 6.7% | 6.50% | #196 |
| Kentucky | 43 | 5 | 23.3% | 6.38% | #284 |
Frequently asked questions
Milend denied 33.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 7th percentile of mid-size mortgage lenders.
The most common reason Milend gave in 2025 was "debt-to-income ratio", cited on 42.0% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Milend originated in 2025 was 6.25%, and its median rate spread over the average prime offer rate was 0.32 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 2% of its applications were for home purchases, 98% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 25% conventional, 63% FHA, 12% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.