# The Milford Bank

> **Canonical URL:** https://saferate.com/lenders/the-milford-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


The Milford Bank is a bank, headquartered in Milford, CT, with 54 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 13% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 60% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300M6EHOPLD2SFD66
- **Headquarters:** Milford, CT
- **Geographic Reach:** Single State
- **States Served:** 1
- **State List:** CT
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 87/100
- Rating: ●●●●● (5/5)

### Pull Through: Sound ☺️
- Score: 40/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** -0.364%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,521
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 54
- **Dollar Volume:** $24 million
- **Applications Received:** 72
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $437,037
- **Average Borrower Income:** $187,167
- **Average Property Value:** $613,519

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 33/100 | 49 | -0.319% | $1,607 | Acceptable 🙂 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 42 loans, Score: 33/100 (Acceptable)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 34/100 | 44 | $18M | -0.386% | Acceptable 🙂 |
| Refinance | 23/100 | 10 | $5M | -0.265% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| CT | 54 | 0.16% | 67/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| New Haven, CT | CT | 34 | 69/100 |
| Bridgeport | CT | 12 | 51/100 |

## Where This Lender Ranks

The Milford Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#5** in New Haven, CT Banks
  - [View Full Rankings](https://saferate.com/new-haven-ct/best-mortgage-lenders/banks)
- 🏆 **#9** in New Haven, CT
  - [View Full Rankings](https://saferate.com/new-haven-ct/best-mortgage-lenders)
- 🏆 **#13** in New Haven, CT for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/new-haven-ct/best-mortgage-lenders/banks/conventional-loans)

## Frequently Asked Questions

### What loan types does The Milford Bank offer?

The Milford Bank offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does The Milford Bank offer mortgages?

The Milford Bank offers mortgages in 1 states: CT.

### How competitive are The Milford Bank's mortgage rates?

The Milford Bank has a pricing score of 87/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.364% below market average.

### What type of lender is The Milford Bank?

The Milford Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Milford, CT.

### What is The Milford Bank's loan approval success rate?

The Milford Bank has a pull-through score of 40/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/the-milford-bank

### How to Cite

> "The Milford Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/the-milford-bank

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