Rollstone Bank & Trust Mortgage Lending & HMDA Data, 2020
In 2020, Rollstone Bank & Trust of Fitchburg, MA reported 376 mortgage applications totaling $104.8 million, up 107% from 2019. The average application was for $278,750, and applicants reported an average income of $143,034. 81% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Worcester, MA-CT (260), Cambridge-Newton-Framingham, MA (59) and Barnstable Town, MA (6) (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 | 376 |
| Total Mortgage Loan Application Amount | $104,810,000 |
| Average Mortgage Loan Application Amount | $278,750 |
| Highest Mortgage Loan Application Amount | $1,505,000 |
| Average Applicant Income | $143,034 |
| Highest Applicant Income | $1,606,000 |
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(HMDA) records Rollstone Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 260 | $ 65,830,000 | $ 253,192 | $ 130,000 |
| Middlesex, Massachusetts | 54 | $ 18,410,000 | $ 340,925 | $ 170,000 |
| Barnstable, Massachusetts | 6 | $ 2,890,000 | $ 481,666 | $ 447,000 |
| Cheshire, New Hampshire | 6 | $ 1,410,000 | $ 235,000 | $ 121,000 |
| Essex, Massachusetts | 5 | $ 1,435,000 | $ 287,000 | $ 107,000 |
| Hillsborough, New Hampshire | 5 | $ 705,000 | $ 141,000 | $ 97,000 |
| York, Maine | 3 | $ 1,105,000 | $ 368,333 | $ 291,000 |
| Suffolk, Massachusetts | 3 | $ 1,955,000 | $ 651,666 | $ 369,000 |
| Bristol, Massachusetts | 2 | $ 890,000 | $ 445,000 | $ 165,000 |
| New Haven, Connecticut | 1 | $ 305,000 | $ 305,000 | $ 177,000 |
| Franklin, Massachusetts | 1 | $ 115,000 | $ 115,000 | $ 51,000 |
| Norfolk, Massachusetts | 1 | $ 435,000 | $ 435,000 | $ 189,000 |
| Rockingham, New Hampshire | 1 | $ 185,000 | $ 185,000 | $ 93,000 |
| Newport, Rhode Island | 1 | $ 215,000 | $ 215,000 | $ 109,000 |
| Grand Isle, Vermont | 1 | $ 515,000 | $ 515,000 | $ 537,000 |
Mortgage Loan Application Detail Totals for Rollstone Bank & Trust in 2020
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 |
|---|---|---|---|---|---|---|
| Refinancing | 201 | $56,385,000 | $280,000 | $1,505,000 | $153,000 | $1,606,000 |
| Home Purchase | 115 | $35,755,000 | $310,000 | $1,355,000 | $140,000 | $1,031,000 |
| Cash-out Refinancing | 59 | $12,515,000 | $212,000 | $505,000 | $115,000 | $462,000 |
| Home Improvement | 1 | $155,000 | $155,000 | $155,000 | $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 | 308 | $85,990,000 | $279,000 | $1,355,000 | $141,000 | $1,031,000 |
| Not Provided | 42 | $12,500,000 | $297,000 | $1,505,000 | $176,000 | $1,606,000 |
| Hispanic | 16 | $3,670,000 | $229,000 | $475,000 | $86,000 | $261,000 |
| Black or African American | 6 | $1,050,000 | $175,000 | $285,000 | $99,000 | $258,000 |
| Not applicable | 2 | $420,000 | $210,000 | $265,000 | $0 | $0 |
| American Indian or Alaskan Native | 2 | $1,180,000 | $590,000 | $885,000 | $292,000 | $491,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 376 | $104,810,000 | $278,000 | $1,505,000 | $143,000 | $1,606,000 |
| 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 | 305 | $83,455,000 | $273,000 | $1,505,000 | $146,000 | $1,606,000 |
| Preapproval Approved but not Accepted | 21 | $7,175,000 | $341,000 | $695,000 | $114,000 | $261,000 |
| Application Approved But Not Accepted | 17 | $6,075,000 | $357,000 | $1,355,000 | $168,000 | $1,031,000 |
| Application Denied By Financial Institution | 13 | $3,005,000 | $231,000 | $515,000 | $86,000 | $264,000 |
| Application Withdrawn By Applicant | 11 | $2,895,000 | $263,000 | $465,000 | $195,000 | $446,000 |
| Preapproval Denied by Financial Institution | 9 | $2,205,000 | $245,000 | $355,000 | $81,000 | $165,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 354 | $99,600,000 | $281,000 | $1,505,000 | $147,000 | $1,606,000 |
| Other | 11 | $2,525,000 | $229,000 | $515,000 | $99,000 | $264,000 |
| Debt-To-Income Ratio | 7 | $1,645,000 | $235,000 | $355,000 | $50,000 | $76,000 |
| Credit History | 4 | $1,040,000 | $260,000 | $335,000 | $100,000 | $165,000 |
| 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 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Rollstone Bank & Trust's 2020 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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