Rollstone Bank & Trust Mortgage Lending & HMDA Data, 2019
In 2019, Rollstone Bank & Trust of Fitchburg, MA reported 182 mortgage applications totaling $51.4 million, up 69% from 2018. The average application was for $282,142, and applicants reported an average income of $129,626. 68% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Worcester, MA-CT (123), Cambridge-Newton-Framingham, MA (16) and Manchester-Nashua, NH (3) (applications in parentheses).
| Mortgage Company & Address | Rollstone Bank & Trust Po Box 8208 Fitchburg, MA 01420 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 182 |
| Total Mortgage Loan Application Amount | $51,350,000 |
| Average Mortgage Loan Application Amount | $282,142 |
| Highest Mortgage Loan Application Amount | $1,225,000 |
| Average Applicant Income | $129,626 |
| Highest Applicant Income | $1,249,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Rollstone Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Worcester, Massachusetts | 123 | $ 31,055,000 | $ 252,479 | $ 110,000 |
| Middlesex, Massachusetts | 15 | $ 6,305,000 | $ 420,333 | $ 154,000 |
| Cheshire, New Hampshire | 5 | $ 1,205,000 | $ 241,000 | $ 191,000 |
| Hillsborough, New Hampshire | 3 | $ 765,000 | $ 255,000 | $ 124,000 |
| York, Maine | 2 | $ 1,060,000 | $ 530,000 | $ 444,000 |
| Barnstable, Massachusetts | 2 | $ 1,890,000 | $ 945,000 | $ 384,000 |
| Suffolk, Massachusetts | 2 | $ 1,000,000 | $ 500,000 | $ 140,000 |
| Litchfield, Connecticut | 1 | $ 215,000 | $ 215,000 | $ 282,000 |
| Essex, Massachusetts | 1 | $ 65,000 | $ 65,000 | $ 41,000 |
| Hampden, Massachusetts | 1 | $ 175,000 | $ 175,000 | $ 88,000 |
| Sullivan, New Hampshire | 1 | $ 145,000 | $ 145,000 | $ 118,000 |
| Providence, Rhode Island | 1 | $ 455,000 | $ 455,000 | $ 1,249,000 |
Mortgage Loan Application Detail Totals for Rollstone Bank & Trust in 2019
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 104 | $29,240,000 | $281,000 | $725,000 | $128,000 | $1,249,000 |
| Refinancing | 62 | $18,650,000 | $300,000 | $1,225,000 | $140,000 | $479,000 |
| Cash-out Refinancing | 16 | $3,460,000 | $216,000 | $355,000 | $100,000 | $262,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 163 | $45,465,000 | $278,000 | $1,225,000 | $131,000 | $1,249,000 |
| Hispanic | 7 | $1,695,000 | $242,000 | $605,000 | $101,000 | $250,000 |
| Asian | 4 | $870,000 | $217,000 | $325,000 | $95,000 | $220,000 |
| Not Provided | 4 | $1,300,000 | $325,000 | $515,000 | $181,000 | $252,000 |
| Not applicable | 2 | $1,580,000 | $790,000 | $1,105,000 | $0 | $0 |
| Black or African American | 1 | $245,000 | $245,000 | $245,000 | $118,000 | $118,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 182 | $51,350,000 | $282,000 | $1,225,000 | $130,000 | $1,249,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 124 | $34,870,000 | $281,000 | $725,000 | $138,000 | $1,249,000 |
| Preapproval Approved but not Accepted | 19 | $5,535,000 | $291,000 | $725,000 | $114,000 | $354,000 |
| Application Approved But Not Accepted | 18 | $5,040,000 | $280,000 | $1,105,000 | $120,000 | $282,000 |
| Application Denied By Financial Institution | 9 | $2,975,000 | $330,000 | $1,225,000 | $115,000 | $289,000 |
| Preapproval Denied by Financial Institution | 6 | $1,480,000 | $246,000 | $405,000 | $80,000 | $142,000 |
| Application Withdrawn By Applicant | 3 | $535,000 | $178,000 | $205,000 | $87,000 | $102,000 |
| File Closed For Incompleteness | 3 | $915,000 | $305,000 | $455,000 | $114,000 | $220,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 167 | $46,895,000 | $280,000 | $1,105,000 | $132,000 | $1,249,000 |
| Other | 6 | $2,450,000 | $408,000 | $1,225,000 | $144,000 | $289,000 |
| Debt-To-Income Ratio | 5 | $1,275,000 | $255,000 | $345,000 | $68,000 | $178,000 |
| Collateral | 2 | $400,000 | $200,000 | $205,000 | $102,000 | $121,000 |
| Credit History | 2 | $330,000 | $165,000 | $225,000 | $57,000 | $75,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Rollstone Bank & Trust's 2019 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Rollstone Bank & Trust's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Massachusetts, download the full spreadsheet
with aggregated HMDA statistics today.
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