The Milford 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%
16th22.2% deniedPricingmedian rate spread over APOR, weight 30%
92nd-0.25 ptsProcesswithdrawn + incomplete share, weight 15%
73rd6.5%Closing coststotal loan costs ÷ loan amount, weight 10%
44th2.06% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 194 | 153 | 16.0% | 16.9% | 5.75% | $41M |
| 2024 | 170 | 120 | 20.0% | 21.8% | 6.23% | $39M |
| 2025 | 154 | 112 | 20.8% | 22.2% | 6.00% | $46M |
What The Milford 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, 13 investment properties.
Why The Milford Bank denies applications
Primary reason reported for each of the 32 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at The Milford Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 26 | 17 | 26.1% |
| $100k – $150k | 35 | 27 | 18.2% |
| $150k – $250k | 34 | 25 | 19.4% |
| Over $250k | 37 | 30 | 14.3% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 29 | 22 | 12.0% |
| 35–44 | 30 | 21 | 25.0% |
| 45–54 | 23 | 17 | 22.7% |
| 55–64 | 32 | 23 | 28.1% |
| 65–74 | 23 | 17 | 19.1% |
Where The Milford Bank lends
1 states and 6 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Connecticut | 154 | 112 | 20.8% | 6.00% | #134 |
Frequently asked questions
The Milford Bank denied 22.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 16th percentile of small mortgage lenders.
The most common reason The Milford Bank gave in 2025 was "debt-to-income ratio", cited on 53.1% 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 The Milford Bank originated in 2025 was 6.00%, and its median rate spread over the average prime offer rate was -0.25 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 38% of its applications were for home purchases, 30% for refinancing (including cash-out), and 32% 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.