Milford Federal Bank in Rhode Island vs the state
20.4%Denial rate+1.71 pts vs state
23.3%Decision denial rate+0.09 pts vs state
67.4%Origination rate+7.60 pts vs state
—Median rate
—Rate spread (pts)
$107kMedian applicant income
33Loans originated
10Denied
Trend in Rhode Island
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 84 | 63 | 14.3% | 6.63% | #69 |
| 2024 | 36 | 26 | 13.9% | — | #105 |
| 2025 | 49 | 33 | 20.4% | — | #98 |
What Milford Federal Bank lends in Rhode Island
By loan purpose
By loan type
Why it denied Rhode Island applicants
Where in Rhode Island
Counties with the most Milford Federal Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Providence County | 45 | 29 | 10 | 22.2% |
| Bristol County | 2 | 2 | 0 | 0.0% |
| Kent County | 1 | 1 | 0 | 0.0% |
| Washington County | 1 | 1 | 0 | 0.0% |
Other large lenders in Rhode Island
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Citizens Bank | C | 6,329 | 27.8% | 7.40% |
| Navigant Credit Union | B | 2,847 | 16.1% | 6.50% |
| COASTAL1 Credit Union | B | 1,931 | 24.3% | 6.75% |
| The Washington Trust Company, of Westerly | C | 1,755 | 21.9% | 6.38% |
| Rocket Mortgage | C | 1,430 | 19.7% | 6.75% |
| Movement Mortgage | A | 1,308 | 3.6% | 6.63% |
| Bank of America | F | 1,298 | 39.1% | 6.24% |
| Primary Residential Mortgage | C | 1,056 | 8.4% | 6.63% |
| BankNewport | B | 1,014 | 19.7% | 6.63% |
| CMG Mortgage | A | 992 | 7.6% | 6.63% |
Frequently asked questions
Rhode Island: 49 applications in 2025, of which 33 were originated and 10 denied.
20.4% of all applications, or 23.3% of the applications it actually decided on. The Rhode Island statewide average across all lenders was 18.7%.
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 Rhode Island, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology