Applications / Mortgage Analytics / Lenders / Massachusetts / Milford Federal Bank
Milford, MA · Savings institution · OCC · $541 million assets · 159 loans in 2025
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159
loans originated, 2025
218
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Milford Federal Bank, a Massachusetts savings bank near Worcester, lends for purchases, refinancing and home improvement alike, and made 12% fewer loans in 2025 while similar lenders grew.
It made 159 loans, down 12% from 181, while similar lenders (savings institutions making between half and twice as many loans) grew 5% and the whole market 10%. Its dollar volume still rose, to $52.3 million from $49.3 million, as its typical loan climbed to $235,000 from $205,000. Fewer applications, or a shift toward larger loans, could explain the lower count.
Purchases made up 47.8% of its loans, refinances 26.4%, home improvement 16.4% and other purposes 9.4%. Its share of loans to low- and moderate-income (LMI) borrowers, 24.3%, was near the middle of similar lenders, at 24.9%.
It ranks 81 of 451 lenders in Worcester, where its share fell to 0.2% from 0.5%; Rocket Mortgage leads. Stronger lending by rivals, or more of its own lending going to other markets, could be reasons. In Barnstable Town its share rose to 0.1% from 0.0%.
LMI neighborhoods took 9.4% of its loans, against 16.9% at similar lenders, a lower share than at about four in five of them, though up from 5.2% in 2020. The markets it serves are a possible reason.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Milford Federal Bank took 218 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 47.8% · Refinance 26.4% · Home improvement 16.4% · Other 9.4%
Conventional 100.0% · of 159 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Massachusetts | 124 | 78.0% |
| Rhode Island | 33 | 20.8% |
| Connecticut | 2 | 1.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Worcester | 80 |
| Providence-Warwick | 35 |
| Boston | 18 |
| Cambridge-Newton-Framingham | 13 |
| Barnstable Town | 10 |
| Springfield | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300686RMBOL8Y1T93 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 227777 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 44167 | 1990–2010 |
| Respondent ID (the HMDA filer code before 2018) | 1704167 | 2011–2017 |
Established 1 January 1937. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Milford Federal Bank's data.
Milford Federal Bank's data
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Milford Federal Bank and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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