Rollstone Bank & Trust Mortgage Lending & HMDA Data, 2021
In 2021, Rollstone Bank & Trust of Fitchburg, MA reported 251 mortgage applications totaling $90.7 million, down 33% from 2020. The average application was for $361,254, and applicants reported an average income of $171,366. 75% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Worcester, MA-CT (165), Cambridge-Newton-Framingham, MA (33) and Boston, MA (8) (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 | 251 |
| Total Mortgage Loan Application Amount | $90,675,000 |
| Average Mortgage Loan Application Amount | $361,254 |
| Highest Mortgage Loan Application Amount | $2,415,000 |
| Average Applicant Income | $171,366 |
| Highest Applicant Income | $5,077,000 |
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(HMDA) records Rollstone Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 165 | $ 46,825,000 | $ 283,787 | $ 150,000 |
| Middlesex, Massachusetts | 33 | $ 13,065,000 | $ 395,909 | $ 136,000 |
| Suffolk, Massachusetts | 6 | $ 7,000,000 | $ 1,166,666 | $ 543,000 |
| Cheshire, New Hampshire | 5 | $ 1,145,000 | $ 229,000 | $ 102,000 |
| Hillsborough, New Hampshire | 3 | $ 625,000 | $ 208,333 | $ 87,000 |
| Barnstable, Massachusetts | 2 | $ 690,000 | $ 345,000 | $ 171,000 |
| Bristol, Massachusetts | 2 | $ 2,220,000 | $ 1,110,000 | $ 134,000 |
| Nantucket, Massachusetts | 2 | $ 3,420,000 | $ 1,710,000 | $ 1,000 |
| Cumberland, Maine | 1 | $ 2,365,000 | $ 2,365,000 | $ 5,077,000 |
| York, Maine | 1 | $ 85,000 | $ 85,000 | $ 61,000 |
| Franklin, Massachusetts | 1 | $ 175,000 | $ 175,000 | $ 48,000 |
| Norfolk, Massachusetts | 1 | $ 685,000 | $ 685,000 | $ 645,000 |
| Plymouth, Massachusetts | 1 | $ 405,000 | $ 405,000 | $ 212,000 |
Mortgage Loan Application Detail Totals for Rollstone Bank & Trust in 2021
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 | 99 | $38,275,000 | $386,000 | $1,395,000 | $150,000 | $1,010,000 |
| Refinancing | 95 | $35,865,000 | $377,000 | $2,415,000 | $173,000 | $1,786,000 |
| Cash-out Refinancing | 44 | $11,200,000 | $254,000 | $545,000 | $120,000 | $473,000 |
| Other Purpose | 13 | $5,335,000 | $410,000 | $2,365,000 | $496,000 | $5,077,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 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 | 206 | $68,190,000 | $331,000 | $2,365,000 | $172,000 | $5,077,000 |
| Not Provided | 21 | $6,235,000 | $296,000 | $685,000 | $132,000 | $645,000 |
| Not applicable | 10 | $12,790,000 | $1,279,000 | $2,415,000 | $0 | $0 |
| Hispanic | 6 | $1,320,000 | $220,000 | $295,000 | $262,000 | $1,010,000 |
| Black or African American | 4 | $900,000 | $225,000 | $425,000 | $140,000 | $263,000 |
| American Indian or Alaskan Native | 2 | $720,000 | $360,000 | $385,000 | $267,000 | $482,000 |
| Asian | 1 | $155,000 | $155,000 | $155,000 | $78,000 | $78,000 |
| 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) | 251 | $90,675,000 | $361,000 | $2,415,000 | $170,000 | $5,077,000 |
| 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 | 187 | $65,655,000 | $351,000 | $2,415,000 | $160,000 | $1,786,000 |
| Preapproval Approved but not Accepted | 26 | $11,350,000 | $436,000 | $1,045,000 | $137,000 | $365,000 |
| Application Approved But Not Accepted | 15 | $4,775,000 | $318,000 | $615,000 | $146,000 | $482,000 |
| Application Denied By Financial Institution | 15 | $3,215,000 | $214,000 | $375,000 | $58,000 | $114,000 |
| Application Withdrawn By Applicant | 5 | $4,735,000 | $947,000 | $2,365,000 | $1,115,000 | $5,077,000 |
| Preapproval Denied by Financial Institution | 2 | $620,000 | $310,000 | $385,000 | $77,000 | $101,000 |
| File Closed For Incompleteness | 1 | $325,000 | $325,000 | $325,000 | $106,000 | $106,000 |
| 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 | 234 | $86,840,000 | $371,000 | $2,415,000 | $178,000 | $5,077,000 |
| Debt-To-Income Ratio | 8 | $1,840,000 | $230,000 | $385,000 | $41,000 | $94,000 |
| Other | 4 | $830,000 | $207,000 | $365,000 | $79,000 | $114,000 |
| Credit History | 4 | $790,000 | $197,000 | $255,000 | $67,000 | $84,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $375,000 | $375,000 | $375,000 | $111,000 | $111,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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 2021 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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