Millenium Home Mortgage at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A 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%
89th1.9% deniedPricingmedian rate spread over APOR, weight 30%
77th0.05 ptsProcesswithdrawn + incomplete share, weight 15%
16th21.8%Closing coststotal loan costs ÷ loan amount, weight 10%
59th1.67% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 378 | 263 | 2.1% | 3.0% | 6.50% | $117M |
| 2024 | 366 | 285 | 2.2% | 2.7% | 6.50% | $132M |
| 2025 | 395 | 303 | 1.5% | 1.9% | 6.50% | $140M |
What Millenium Home Mortgage 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, 38 investment properties.
Why Millenium Home Mortgage denies applications
Primary reason reported for each of the 6 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Millenium Home Mortgage
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 58 | 44 | 0.0% |
| $100k – $150k | 90 | 65 | 4.4% |
| $150k – $250k | 135 | 106 | 0.9% |
| Over $250k | 103 | 83 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 100 | 74 | 1.3% |
| 35–44 | 112 | 92 | 1.1% |
| 45–54 | 82 | 59 | 4.8% |
| 55–64 | 65 | 53 | 0.0% |
| 65–74 | 24 | 15 | 6.3% |
Where Millenium Home Mortgage lends
7 states and 41 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| New Jersey | 357 | 275 | 1.4% | 6.38% | #145 |
| Pennsylvania | 17 | 16 | 0.0% | 6.63% | #620 |
| New York | 13 | 8 | 7.7% | 6.44% | #446 |
Frequently asked questions
Millenium Home Mortgage denied 1.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 89th percentile of small mortgage lenders.
The most common reason Millenium Home Mortgage gave in 2025 was "debt-to-income ratio", cited on 83.3% 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 Millenium Home Mortgage originated in 2025 was 6.50%, and its median rate spread over the average prime offer rate was 0.05 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 77% of its applications were for home purchases, 19% for refinancing (including cash-out), and 3% for home improvement or other purposes. By loan type: 86% conventional, 12% FHA, 2% 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.