Rollstone Bank & Trust Mortgage Lending & HMDA Data, 2024
In 2024, Rollstone Bank & Trust of Fitchburg, MA reported 106 mortgage applications totaling $43.9 million, down 3% from 2023. The average application was for $414,056, and applicants reported an average income of $180,952. 48% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Worcester, MA-CT (50), Cambridge-Newton-Framingham, MA (7) and Boston, MA (5) (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 | 106 |
| Total Mortgage Loan Application Amount | $43,890,000 |
| Average Mortgage Loan Application Amount | $414,056 |
| Highest Mortgage Loan Application Amount | $1,205,000 |
| Average Applicant Income | $180,952 |
| Highest Applicant Income | $1,294,000 |
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(HMDA) records Rollstone Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Rollstone Bank & Trust in 2024
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 | 85 | $36,705,000 | $431,000 | $1,055,000 | $180,000 | $708,000 |
| Other Purpose | 14 | $4,220,000 | $301,000 | $515,000 | $212,000 | $1,294,000 |
| Refinancing | 6 | $2,530,000 | $421,000 | $1,205,000 | $117,000 | $144,000 |
| Cash-out Refinancing | 1 | $435,000 | $435,000 | $435,000 | $211,000 | $211,000 |
| 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 | 94 | $38,530,000 | $409,000 | $1,055,000 | $189,000 | $1,294,000 |
| Not Provided | 4 | $1,370,000 | $342,000 | $405,000 | $127,000 | $272,000 |
| Asian | 3 | $1,055,000 | $351,000 | $515,000 | $150,000 | $221,000 |
| Black or African American | 2 | $1,510,000 | $755,000 | $1,205,000 | $89,000 | $128,000 |
| Hispanic | 2 | $840,000 | $420,000 | $475,000 | $122,000 | $135,000 |
| Not applicable | 1 | $585,000 | $585,000 | $585,000 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 106 | $43,890,000 | $414,000 | $1,205,000 | $182,000 | $1,294,000 |
| 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 | 51 | $21,915,000 | $429,000 | $885,000 | $221,000 | $708,000 |
| Preapproval Approved but not Accepted | 32 | $13,260,000 | $414,000 | $1,055,000 | $133,000 | $357,000 |
| Application Approved But Not Accepted | 7 | $2,585,000 | $369,000 | $675,000 | $124,000 | $194,000 |
| Application Denied By Financial Institution | 6 | $3,090,000 | $515,000 | $1,205,000 | $106,000 | $150,000 |
| Application Withdrawn By Applicant | 5 | $1,735,000 | $347,000 | $465,000 | $371,000 | $1,294,000 |
| Preapproval Denied by Financial Institution | 3 | $945,000 | $315,000 | $405,000 | $62,000 | $98,000 |
| File Closed For Incompleteness | 2 | $360,000 | $180,000 | $215,000 | $94,000 | $129,000 |
| 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 | 97 | $39,855,000 | $410,000 | $1,055,000 | $190,000 | $1,294,000 |
| Debt-To-Income Ratio | 6 | $2,880,000 | $480,000 | $1,205,000 | $80,000 | $128,000 |
| Other | 3 | $1,155,000 | $385,000 | $515,000 | $117,000 | $150,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 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 2024 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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