Residential Mortgages

Milford Federal Savings and Loan Association offers a full range of residential mortgage loans in Massachusetts, Rhode Island and Northern CT. Our specials, competitive pricing and superior customer service have made us one of the leading residential mortgage lenders in our area. Curious about what kind of Mortgage you can afford? Try our Calculators.

MFS&L is proud to be the only locally based lender to offer the Energy Star Home Mortgage Program. The Bank also participates in the Massachusetts Town Employee "Live Where You Work Program" for municipal employees.

We offer both fixed and adjustable rate programs with reasonable closing costs and expeditious turnaround time. A closing cost credit is available for our EZ Checking Plus members, first time homebuyers, and for applying on line. 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.

Whether you are purchasing a home or desire to refinance your existing mortgage, check out our wide selection of mortgage loans!

• Fixed Rate
• 40-Year, 30-Year, 20-year, 15-year, and 10-year terms
• 30 Year Fixed Rate with interest only payments for first 10 or 15 years
• 1/1, 3/1 and 5/1 Convertible ARM Programs
• 1/1 & 3/1, 5/1, 7/1 and 10/1 A.R.M.
• Jumbo Mortgages
• Builder Construction Mortgages
• Owner-Occupied Construction Mortgages
  (Fixed and Adjustable Rates)
  
• Reverse Mortgages
  
• Buydown Programs
• No Out-Of-Pocket Private Mortgage Insurance programs available
• No point, no closing cost programs and extended rate locks are available
• No Charge for Pre-Qualifying
• Affordable Purchase Mortgage Program available
• No escrow for Real Estate taxes or homeowner's insurance.

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 A.M., evenings and Saturday appointments are available.

Prequalifications (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. Milford Federal is an Equal Housing Lender.