Milford Federal Bank · Massachusetts · 2025

Milford Federal Bank in Massachusetts: approval rate, denial rate and rates (2025)

Milford Federal Bank took 165 mortgage applications in Massachusetts in 2025, ranking #187 of 799 lenders active in the state. It originated 75.2% of them and denied 7.3% (8.5% of the applications it decided), against a statewide denial rate of 16.2%.

165Applicationsin MA
8.5%Decision denial ratestate 20.0%
Median ratestate 6.63%
$225,000Median loanstate $325,000
$43MVolume11 counties

Milford Federal Bank in Massachusetts vs the state

7.3%Denial rate-8.94 pts vs state
8.5%Decision denial rate-11.44 pts vs state
75.2%Origination rate+12.55 pts vs state
Median rate
Rate spread (pts)
$146kMedian applicant income
124Loans originated
12Denied

Trend in Massachusetts

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232441759.4%6.63%#134
20242081536.7%#145
20251651247.3%#187

What Milford Federal Bank lends in Massachusetts

By loan purpose

Home purchase 76 46% · 1.3% denied
Refinance 5 3% · 0.0% denied
Cash-out refinance 36 22% · 11.1% denied
Home improvement 31 19% · 9.7% denied
Other / HELOC 17 10% · 23.5% denied

By loan type

Conventional 165 100% · 7.3% denied

Why it denied Massachusetts applicants

Collateral 4 33%
Credit history 4 33%
Debt-to-income ratio 2 17%
Other 2 17%

Where in Massachusetts

Counties with the most Milford Federal Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Worcester County 1107810 9.1%
Norfolk County 19160 0.0%
Middlesex County 13120 0.0%
Barnstable County 11101 9.1%
Bristol County 421 25.0%
Plymouth County 210 0.0%
Franklin County 220 0.0%
Suffolk County 110 0.0%
Hampden County 110 0.0%
Essex County 110 0.0%

Other large lenders in Massachusetts

LenderGradeApplicationsDenial rateMedian rate
Citizens BankC 17,47629.0%7.40%
Rocket MortgageC 8,69815.9%6.75%
Bank of AmericaF 7,78430.1%5.99%
Guaranteed RateB 7,3134.5%6.50%
Eastern BankB 6,21631.8%6.99%
Rockland TrustC 5,99028.6%6.99%
Leader BankA 5,9131.8%6.25%
United Shore Financial ServicesB 5,89812.8%6.50%
Crosscountry MortgageB 5,6343.8%6.63%
TD BankD 3,77826.9%7.44%

Frequently asked questions

Massachusetts: 165 applications in 2025, of which 124 were originated and 12 denied.

7.3% of all applications, or 8.5% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are Milford Federal Bank's own HMDA filing for properties located in Massachusetts, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology