Milford Federal Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
40th12.3% deniedProcesswithdrawn + incomplete share, weight 15%
38th14.2%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 336 | 241 | 11.0% | 13.2% | 6.63% | $50M |
| 2024 | 248 | 181 | 8.1% | 9.8% | — | $49M |
| 2025 | 218 | 159 | 10.6% | 12.3% | — | $52M |
What Milford Federal Bank 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, 0 manufactured homes, 12 investment properties.
Why Milford Federal Bank denies applications
Primary reason reported for each of the 23 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Milford Federal Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 45 | 33 | 16.7% |
| $100k – $150k | 55 | 38 | 15.2% |
| $150k – $250k | 64 | 50 | 8.9% |
| Over $250k | 30 | 23 | 4.2% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 43 | 33 | 5.7% |
| 35–44 | 44 | 30 | 14.3% |
| 45–54 | 44 | 35 | 9.8% |
| 55–64 | 42 | 27 | 29.0% |
Where Milford Federal Bank lends
3 states and 17 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Massachusetts | 165 | 124 | 7.3% | — | #187 |
| Rhode Island | 49 | 33 | 20.4% | — | #98 |
Frequently asked questions
Milford Federal Bank denied 12.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 40th percentile of small mortgage lenders.
The most common reason Milford Federal Bank gave in 2025 was "debt-to-income ratio", cited on 34.8% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
In 2025, 45% of its applications were for home purchases, 25% for refinancing (including cash-out), and 30% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% 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.