Mortgage Loans

Since 1887, Milford Federal has been committed to serving the needs of the local community. We believe that everyone deserves to achieve the American dream, and we strive to make home ownership a reality. Our specials, competitive pricing and exceptional customer service have made us one of the leading residential mortgage lenders in our area.
 
 
Loan programs
Our experienced loan specialists will help determine what type of loan is right for you. We offer the latest products as well as more traditional loan programs with reasonable closing costs and expeditious turn around time. A closing cost credit is available for our EZ Checking Plus members, first time home-buyers, and for applying on line. 
 
 Local decisions, local servicing
All loans are underwritten and approved locally. And, unlike other banks and lenders, Milford Federal can service your loan locally as well. When you borrow from us, your mortgage can stay right here for your convenience. If you have a question, need to pay your bill, or want to refinance your existing loan, you can always deal directly with a Milford Federal employee.  For more information about the benefits of borrowing from a Massachusetts bank, click here.
 
Convenience
The loan applications process is quick and easy. Visit us at one of our four conveniently located branches or apply over the phone. We even offer EZ Mortgage Online, so you can apply for a mortgage anytime, anywhere from your personal computer. You can also take advantage of RateWatch, a free email service that will keep you in touch with the latest rates on a daily, weekly or monthly basis. Milford Federal can also contact you when your target rate becomes available.
 
 Fixed Rate Mortgage

  • Terms from 10 to 30 years
  • No point/no closing cost options available
  • No escrows
  • No pre-payment penalties

Apply Now!

 
Adjustable Rate Mortgages (ARM)

  • Fixed periods of one, three, five, seven, and ten years available

Apply Now!

 
Construction Loans

  • Purchase land and build
  • Build on land you already own
  • Interest only for the first six months
  • One closing – no need to refinance

Apply Now!

 
Specialized Financing

  • Investment Properties
  • Vacation Homes
  • Custom Loans

Apply Now!

 
Shop and compare . . . and then see us for the rates and terms you want and the added convenience of our free private counseling service to help you through all the steps of applying for a mortgage. Our mortgage specialists are on hand to help you get started. Early morning, evening, and Saturday appointments are available. Pre-approvals (including by telephone or on line) are provided at no charge. So call one of our mortgage specialists visit EZ Mortgage Online or stop by one of our offices so that we may assist you with all of your financial needs. Main Office 800-478-6990, Whitinsville Plaza 800-357-2265 in Massachusetts, and 800-678-4779 in Rhode Island.
 

Check out our attractive mortgage rates on-line or call our
Mortgage Rate Lines at 508-478-8434 (MA) or 401-766-6642 (RI)

Milford Federal is an Equal Housing Lender.