Milford Federal Bank mortgage approval rate & lending review
Milford Federal Bank decided 562 mortgage applications and funded 496 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Milford Federal Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Milford Federal Bank at a glance
Approval is 13.8 points above the 76.2% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 95% | 221 / 232 | 99% | $345K | 218 |
| Home improvement loans | 88% | 122 / 139 | 96% | $55K | 117 |
| Cash-out refinance | 82% | 98 / 119 | 99% | $95K | 97 |
| Investment property purchase | 97% | 38 / 39 | 97% | $305K | 37 |
Milford Federal Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Massachusetts | 91% | $305K | 439 | 392 |
| Rhode Island | 85% | $125K | 123 | 104 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Milford Federal Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Worcester County, MA | Home improvement loans | 90% | 83 | 70 |
| Worcester County, MA | Cash-out refinance | 84% | 74 | 62 |
| Providence County, RI | Home improvement loans | 75% | 28 | 21 |
| Providence County, RI | Cash-out refinance | 81% | 27 | 21 |
The county markets where Milford Federal Bank made the most loans. Each link opens that market with every lender ranked.
Questions about Milford Federal Bank
What is Milford Federal Bank's mortgage approval rate?
Milford Federal Bank approved 90.0% of the 562 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 13.8 points above the 76.2% national rate for the same mix of loan types.
How often do borrowers take the loan Milford Federal Bank offers?
Borrowers accepted 98% of the loans Milford Federal Bank approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Milford Federal Bank make?
The typical home purchase mortgage loan Milford Federal Bank made was $345K; across all loan types its typical loan ran from $55K to $345K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Milford Federal Bank lend?
Milford Federal Bank decided applications in 2 of the states Fat Boy Data covers, most of them in Massachusetts and Rhode Island.
Can I apply to Milford Federal Bank directly?
Yes. Milford Federal Bank is a bank or credit union with 4 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Milford Federal Bank's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Milford Federal Bank treats applications, then get a rate quote from the lender.