Rollstone Bank & Trust Mortgage Lending & HMDA Data, 2023
In 2023, Rollstone Bank & Trust of Fitchburg, MA reported 109 mortgage applications totaling $56.6 million, down 29% from 2022. The average application was for $519,495, and applicants reported an average income of $178,247. 51% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Worcester, MA-CT (50), Cambridge-Newton-Framingham, MA (11) and Barnstable Town, MA (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 | 109 |
| Total Mortgage Loan Application Amount | $56,625,000 |
| Average Mortgage Loan Application Amount | $519,495 |
| Highest Mortgage Loan Application Amount | $7,455,000 |
| Average Applicant Income | $178,247 |
| Highest Applicant Income | $2,592,000 |
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(HMDA) records Rollstone Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 50 | $ 29,830,000 | $ 596,600 | $ 177,000 |
| Middlesex, Massachusetts | 11 | $ 6,805,000 | $ 618,636 | $ 382,000 |
| Barnstable, Massachusetts | 3 | $ 1,935,000 | $ 645,000 | $ 113,000 |
| Hampden, Massachusetts | 2 | $ 550,000 | $ 275,000 | $ 105,000 |
| Kennebec, Maine | 1 | $ 355,000 | $ 355,000 | $ 97,000 |
| York, Maine | 1 | $ 255,000 | $ 255,000 | $ 99,000 |
| Bristol, Massachusetts | 1 | $ 225,000 | $ 225,000 | $ 219,000 |
| Suffolk, Massachusetts | 1 | $ 485,000 | $ 485,000 | $ 146,000 |
Mortgage Loan Application Detail Totals for Rollstone Bank & Trust in 2023
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 | 91 | $49,785,000 | $547,000 | $7,455,000 | $182,000 | $2,592,000 |
| Refinancing | 9 | $4,255,000 | $472,000 | $1,505,000 | $143,000 | $245,000 |
| Other Purpose | 8 | $2,250,000 | $281,000 | $585,000 | $171,000 | $627,000 |
| Cash-out Refinancing | 1 | $335,000 | $335,000 | $335,000 | $212,000 | $212,000 |
| 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 | 83 | $30,735,000 | $370,000 | $1,055,000 | $163,000 | $652,000 |
| Not Provided | 10 | $5,900,000 | $590,000 | $2,505,000 | $365,000 | $2,592,000 |
| Hispanic | 8 | $2,810,000 | $351,000 | $505,000 | $104,000 | $146,000 |
| Not applicable | 4 | $15,200,000 | $3,800,000 | $7,455,000 | $0 | $0 |
| Asian | 2 | $1,280,000 | $640,000 | $655,000 | $212,000 | $224,000 |
| Black or African American | 2 | $700,000 | $350,000 | $475,000 | $118,000 | $134,000 |
| 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) | 109 | $56,625,000 | $519,000 | $7,455,000 | $179,000 | $2,592,000 |
| 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 | 56 | $36,010,000 | $643,000 | $7,455,000 | $234,000 | $2,592,000 |
| Preapproval Approved but not Accepted | 35 | $15,065,000 | $430,000 | $1,055,000 | $141,000 | $301,000 |
| Application Denied By Financial Institution | 6 | $1,930,000 | $321,000 | $475,000 | $106,000 | $245,000 |
| Preapproval Denied by Financial Institution | 5 | $1,405,000 | $281,000 | $485,000 | $75,000 | $123,000 |
| Application Withdrawn By Applicant | 4 | $1,390,000 | $347,000 | $625,000 | $114,000 | $200,000 |
| Application Approved But Not Accepted | 3 | $825,000 | $275,000 | $305,000 | $90,000 | $100,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 98 | $53,290,000 | $543,000 | $7,455,000 | $189,000 | $2,592,000 |
| Debt-To-Income Ratio | 6 | $1,720,000 | $286,000 | $475,000 | $63,000 | $128,000 |
| Other | 3 | $985,000 | $328,000 | $365,000 | $151,000 | $245,000 |
| Credit History | 2 | $630,000 | $315,000 | $485,000 | $88,000 | $123,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 2023 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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