The Milford Bank · Connecticut · 2025

The Milford Bank in Connecticut: approval rate, denial rate and rates (2025)

The Milford Bank took 154 mortgage applications in Connecticut in 2025, ranking #134 of 687 lenders active in the state. It originated 72.7% of them and denied 20.8% (22.2% of the applications it decided), against a statewide denial rate of 17.4%.

154Applicationsin CT
22.2%Decision denial ratestate 21.6%
6.00%Median ratestate 6.63%
$250,000Median loanstate $245,000
$46MVolume6 counties

The Milford Bank in Connecticut vs the state

20.8%Denial rate+3.38 pts vs state
22.2%Decision denial rate+0.63 pts vs state
72.7%Origination rate+12.35 pts vs state
6.00%Median rate-0.63 pts vs state
-0.25Rate spread (pts)-0.49 pts vs state
$153kMedian applicant income
112Loans originated
32Denied

Trend in Connecticut

YearApplicationsOriginatedDenial rateMedian rateRank in state
202319415316.0%5.75%#92
202417012020.0%6.23%#105
202515411220.8%6.00%#134

What The Milford Bank lends in Connecticut

By loan purpose

Home purchase 59 38% · 11.9% denied
Refinance 2 1% · 0.0% denied
Cash-out refinance 44 29% · 15.9% denied
Home improvement 21 14% · 23.8% denied
Other / HELOC 28 18% · 46.4% denied

By loan type

Conventional 154 100% · 20.8% denied

Why it denied Connecticut applicants

Debt-to-income ratio 17 53%
Collateral 6 19%
Credit history 5 16%
Incomplete application 3 9%
Other 1 3%

Where in Connecticut

Counties with the most The Milford Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
09170 1007319 19.0%
09120 29226 20.7%
09190 16124 25.0%
09140 642 33.3%
09180 211 50.0%
09110 100 0.0%

Other large lenders in Connecticut

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 6,04316.5%6.75%
Citizens BankC 4,89526.2%7.40%
Bank of AmericaF 4,59132.1%6.00%
United Shore Financial ServicesB 4,23913.7%6.50%
Total Mortgage ServicesB 4,2194.5%6.63%
Manufacturers and Traders TrustC 4,03031.8%5.99%
Liberty BankA 3,5139.5%5.99%
Webster BankC 2,76221.9%6.74%
NewrezD 2,55621.8%6.88%
AMERICAN EAGLE FINANCIAL Credit UnionD 2,46318.9%7.75%

Frequently asked questions

Connecticut: 154 applications in 2025, of which 112 were originated and 32 denied.

20.8% of all applications, or 22.2% of the applications it actually decided on. The Connecticut statewide average across all lenders was 17.4%.

The median rate on loans The Milford Bank originated in Connecticut in 2025 was 6.00%, against a statewide median of 6.63%.

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