Rollstone Bank & Trust Mortgage Lending & HMDA Data, 2022
In 2022, Rollstone Bank & Trust of Fitchburg, MA reported 154 mortgage applications totaling $73.6 million, down 39% from 2021. The average application was for $477,662, and applicants reported an average income of $186,103. 55% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Worcester, MA-CT (75), Cambridge-Newton-Framingham, MA (36) and Boston, MA (7) (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 | 154 |
| Total Mortgage Loan Application Amount | $73,560,000 |
| Average Mortgage Loan Application Amount | $477,662 |
| Highest Mortgage Loan Application Amount | $5,775,000 |
| Average Applicant Income | $186,103 |
| Highest Applicant Income | $2,063,000 |
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(HMDA) records Rollstone Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 75 | $ 23,775,000 | $ 317,000 | $ 144,000 |
| Middlesex, Massachusetts | 33 | $ 18,215,000 | $ 551,969 | $ 221,000 |
| Suffolk, Massachusetts | 4 | $ 9,350,000 | $ 2,337,500 | $ 195,000 |
| Barnstable, Massachusetts | 3 | $ 2,745,000 | $ 915,000 | $ 360,000 |
| Essex, Massachusetts | 3 | $ 1,575,000 | $ 525,000 | $ 247,000 |
| Norfolk, Massachusetts | 3 | $ 1,805,000 | $ 601,666 | $ 233,000 |
| Orange, Florida | 1 | $ 1,305,000 | $ 1,305,000 | $ 2,063,000 |
| Cumberland, Maine | 1 | $ 1,535,000 | $ 1,535,000 | $ 460,000 |
| York, Maine | 1 | $ 285,000 | $ 285,000 | $ 244,000 |
| Hampshire, Massachusetts | 1 | $ 165,000 | $ 165,000 | $ 64,000 |
| Hillsborough, New Hampshire | 1 | $ 255,000 | $ 255,000 | $ 59,000 |
Mortgage Loan Application Detail Totals for Rollstone Bank & Trust in 2022
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 | 103 | $54,045,000 | $524,000 | $5,775,000 | $179,000 | $764,000 |
| Refinancing | 36 | $14,950,000 | $415,000 | $2,005,000 | $173,000 | $953,000 |
| Other Purpose | 10 | $3,550,000 | $355,000 | $1,305,000 | $357,000 | $2,063,000 |
| Cash-out Refinancing | 5 | $1,015,000 | $203,000 | $285,000 | $85,000 | $191,000 |
| 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 | 123 | $50,895,000 | $413,000 | $1,605,000 | $186,000 | $2,063,000 |
| Not Provided | 14 | $6,870,000 | $490,000 | $1,665,000 | $179,000 | $523,000 |
| Asian | 5 | $3,155,000 | $631,000 | $1,255,000 | $267,000 | $696,000 |
| Not applicable | 4 | $9,300,000 | $2,325,000 | $5,775,000 | $0 | $0 |
| Hispanic | 3 | $1,165,000 | $388,000 | $805,000 | $158,000 | $295,000 |
| Black or African American | 1 | $1,055,000 | $1,055,000 | $1,055,000 | $283,000 | $283,000 |
| American Indian or Alaskan Native | 1 | $245,000 | $245,000 | $245,000 | $82,000 | $82,000 |
| 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) | 154 | $73,560,000 | $477,000 | $5,775,000 | $185,000 | $2,063,000 |
| 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 | 85 | $38,195,000 | $449,000 | $5,775,000 | $188,000 | $2,063,000 |
| Preapproval Approved but not Accepted | 25 | $11,715,000 | $468,000 | $1,605,000 | $153,000 | $473,000 |
| Loan Purchased By The Institution | 19 | $15,185,000 | $799,000 | $1,255,000 | $286,000 | $764,000 |
| Application Denied By Financial Institution | 11 | $3,615,000 | $328,000 | $1,005,000 | $105,000 | $327,000 |
| Application Approved But Not Accepted | 6 | $1,890,000 | $315,000 | $575,000 | $132,000 | $215,000 |
| Application Withdrawn By Applicant | 4 | $2,020,000 | $505,000 | $595,000 | $209,000 | $307,000 |
| Preapproval Denied by Financial Institution | 3 | $835,000 | $278,000 | $295,000 | $135,000 | $237,000 |
| File Closed For Incompleteness | 1 | $105,000 | $105,000 | $105,000 | $79,000 | $79,000 |
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 | 140 | $69,110,000 | $493,000 | $5,775,000 | $193,000 | $2,063,000 |
| Debt-To-Income Ratio | 8 | $2,080,000 | $260,000 | $525,000 | $96,000 | $237,000 |
| Other | 3 | $1,545,000 | $515,000 | $1,005,000 | $174,000 | $327,000 |
| Credit History | 2 | $540,000 | $270,000 | $455,000 | $91,000 | $167,000 |
| Collateral | 1 | $285,000 | $285,000 | $285,000 | $92,000 | $92,000 |
| 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 2022 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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