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 competitive pricing and exceptional customer service have made us one of the leading residential mortgage lenders in our area.

Loan Programs

Our experienced mortgage specialists will help determine what type of loan is right for you. We offer a wide range of fixed and variable loan programs at competitive rates with reasonable closing costs and expeditious turn around time. A $150 closing cost credit is available for first time home-buyers, and when you apply online (purchases only) with EZ Mortgage Online.
These offers cannot be used or redeemed in conjunction with any other discount.
Visit or call one of our office locations near you for more details

Local Decisions, Local Servicing

All loans are underwritten and approved locally and at Milford Federal we service your loan locally as well. When you borrow from us, your mortgage stays 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.


The loan application 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 Rate Watch, a free email service that will inform you of the latest rates on a daily, weekly or monthly basis - and can alert you when your target rate becomes available.

Fixed Rate Mortgages

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

Adjustable Rate Mortgages (ARM)

  • Fixed periods of 1, 3, 5, and 7 years available

  • 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

  • Specialized Financing

  • Investment Properties
  • Land Loans
  • Vacation Homes
  • Apply Now!
    Shop and compare . . . and then see us for the rates and terms you want and the added convenience of our free private consulting 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 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. 

    What Does The Mortgage Process Look Like And What To Expect

    In this blog post, we’ll go over the ins and outs of the mortgage process, so you know exactly what to expect when applying for that all-important loan.

    Continue Reading..

    Read More ...