Rollstone Bank & Trust Mortgage Rates, Fees & Info

Fitchburg, MA

LEI: 54930040WE4NGYGGO143

Tax ID: 04-1328870

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Rollstone Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. Rollstone Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Worcester, Boston, Portland, Orlando, and Barnstable Town among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

Rollstone Bank & Trust has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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Originations

Origination Dollar Volume (All Markets)

$38,195,000

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market	Originations	Total Value	Average Loan	Average Fees	Average Rate
WORCESTER, MA-CT (FHA\|USDA\|VA)	61	$19,055,000	$312,377	$0	0.00%
Boston-Cambridge-Newton, MA-NH (FHA\|USDA\|VA)	18	$14,840,000	$824,444	$0	0.00%
PORTLAND-SOUTH PORTLAND, ME (FHA\|USDA\|VA)	2	$1,820,000	$910,000	$0	0.00%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA\|USDA\|VA)	1	$1,305,000	$1,305,000	$0	0.00%
BARNSTABLE TOWN, MA (FHA\|USDA\|VA)	1	$755,000	$755,000	$0	0.00%
MANCHESTER-NASHUA, NH (FHA\|USDA\|VA)	1	$255,000	$255,000	$0	0.00%
SPRINGFIELD, MA (FHA\|USDA\|VA)	1	$165,000	$165,000	$0	0.00%

Rollstone Bank & Trust's top markets include Worcester, Boston, Portland, Orlando, and Barnstable Town among others.

Their top states include:

Massachusetts (FHA|USDA|VA)

Maine (FHA|USDA|VA)

Florida (FHA|USDA|VA)

New Hampshire (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	85	$38,195,000	$449,353	$0	0.00%

For 2022, Rollstone Bank & Trust's most frequently originated type of loan was Conventional, with 85 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	50	$26,590,000	$531,800	$0	0.00%
Refi	24	$7,860,000	$327,500	$0	0.00%
Other	7	$2,935,000	$419,286	$0	0.00%
Cash Out Refi	4	$810,000	$202,500	$0	0.00%

For 2022, Rollstone Bank & Trust's most frequently cited loan purpose was Home Purchase, with 50 originations. The 2nd most popular reason was Refi, with 24 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	85	$38,195,000	$449,353	$0	0.00%

For 2022, Rollstone Bank & Trust's most frequently cited loan duration was Other, with 85 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	36	$10,170,000	$282,500	$0	0.00%
$100k-200k	20	$3,020,000	$151,000	$0	0.00%
$400k-600k	15	$7,655,000	$510,333	$0	0.00%
$1MM+	6	$13,340,000	$2,223,333	$0	0.00%
$600k-1MM	5	$3,825,000	$765,000	$0	0.00%
$100,000 or less	3	$185,000	$61,667	$0	0.00%

2022 saw Rollstone Bank & Trust place emphasis on $200k-400k loans with 36 originations, totaling $10,170,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$250k+	16	$11,510,000	$719,375	$0	0.00%
$75k-100k	16	$4,050,000	$253,125	$0	0.00%
$100k-150k	14	$4,350,000	$310,714	$0	0.00%
$50k-75k	14	$3,030,000	$216,429	$0	0.00%
$150k-250k	13	$4,865,000	$374,231	$0	0.00%
$50k or less	6	$780,000	$130,000	$0	0.00%

Rollstone Bank & Trust lent most frequently to those with incomes in the $250k+ range, with 16 originations. The second most popular income band? $75k-100k, with 16 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	85	$38,195,000	$449,353	$0	0.00%

Rollstone Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 85 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	72	$23,830,000	$330,972	$0	0.00%
Not applicable	4	$9,300,000	$2,325,000	$0	0.00%
Not provided	6	$3,550,000	$591,667	$0	0.00%
Black	1	$1,055,000	$1,055,000	$0	0.00%
American Indian	1	$245,000	$245,000	$0	0.00%
Asian	1	$215,000	$215,000	$0	0.00%

Approval Rates

Total approvals of all applications
92.86%

Rollstone Bank & Trust has an average approval rate.

Pick Rate

Approvals leading to origination
88.24%

Rollstone Bank & Trust has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	85	$38,195,000	$449,353

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	85	$38,195,000	$449,353