Applications / Mortgage Analytics / Lenders / Georgia / Milend
Alpharetta, GA · Independent non-bank lender · CFPB · 1,460 loans in 2025
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1,460
loans originated, 2025
6,161
applications, 2025
17
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Milend is a Georgia refinance lender that has turned to government-backed loans: six in ten of its 1,460 loans in 2025 were insured by the Federal Housing Administration (FHA).
Refinances made up 94.0% of its loans and purchases only 6.0%. It lends in 17 states and 162 metros from its base in Georgia, and ranked 108 of 892 lenders in Atlanta, its largest market. Its loans rose 3%, a little behind similar lenders, independent non-bank lenders making between half and twice as many loans, which grew 6%.
Five years before, 85.1% of its loans were conventional and 10.2% FHA. In 2025 the FHA share was 60.1%, higher than at about nineteen in twenty similar lenders, and loans guaranteed by the Department of Veterans Affairs (VA) rose to 13.6%. Conventional loans fell to 26.3%.
Low- and moderate-income (LMI) borrowers took 42.4% of its loans, against 28.5% at similar lenders. Its typical loan, $245,000, was smaller than at nine in ten of them. Its typical rate, 6.25%, was below its peers' 6.62%, and its higher-priced share, loans at a rate well above the average for similar loans, was a low 1.5%.
It made 3,120 loans in 2020 and 3,471 in 2021, more than twice its present volume, before falling to 1,305 in 2023. Its typical rate was 3.12% in 2020. A lender that lives on refinancing may make fewer loans when rates are about twice as high, since fewer borrowers gain by replacing their loan.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Milend took 6,161 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 94.0% · Purchase 6.0%
FHA 60.1% · Conventional 26.3% · VA 13.6% · of 1,460 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 |
|---|---|---|
| Georgia | 457 | 31.3% |
| North Carolina | 175 | 12.0% |
| Tennessee | 124 | 8.5% |
| Virginia | 115 | 7.9% |
| Alabama | 97 | 6.6% |
| Ohio | 93 | 6.4% |
| Florida | 79 | 5.4% |
| Pennsylvania | 59 | 4.0% |
| Michigan | 51 | 3.5% |
| Indiana | 46 | 3.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Atlanta-Sandy Springs-Roswell | 223 |
| Marietta | 102 |
| Charlotte-Concord-Gastonia | 32 |
| Nashville-Davidson--Murfreesboro--Franklin | 27 |
| Richmond | 27 |
| Virginia Beach-Chesapeake-Norfolk | 25 |
| Arlington-Alexandria-Reston | 23 |
| Savannah | 17 |
| Winston-Salem | 17 |
| Birmingham | 14 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300Q10M1VXBG2H889 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 4320694 | 2011–2023 |
| Respondent ID (the HMDA filer code before 2018) | 7582200634 |
Established 25 September 1995. Reported under HMDA 2010-2025.
Mergers, name changes, data editions and corrections: Milend's data.
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