Rockland Trust Company Mortgage Rates, Fees & InfoRockland, MA
Tax ID: 04-1782600
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewRockland Trust Company is a small mortgage company specializing in Home Purchase and Refi loans. Rockland Trust Company has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Boston, Providence, Barnstable Town, Worcester, and Vineyard Haven among others. We have data for 28 markets. (Some data included below & more in-depth data is available with an active subscription.)
Rockland Trust Company has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Rockland Trust Company is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||6.27%||11/30/23|
|30 Year Conventional Purchase||5.73%||11/30/23|
|30 Year Conventional Refi||6.03%||11/30/23|
|30 Year Cash-out Refi||6.14%||11/30/23|
|30 Year FHA Purchase||7.04%||11/30/23|
|30 Year FHA Refi||6.77%||11/30/23|
|30 Year VA Purchase||6.57%||11/30/23|
|15 Year Conventional Purchase||5.44%||11/30/23|
|15 Year Conventional Refi||6.08%||11/30/23|
|15 Year Cash-out Refi||6.08%||11/30/23|
|These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.|
Rockland Trust Company Mortgage Calculator
Your EstimatesEstimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Rockland Trust Company. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$1,752,900,000
Rockland Trust Company - 2022
Rockland Trust Company is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Rockland Trust Company's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.57%.
Relative Fees (Closing Costs)
Rockland Trust Company's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,506.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.
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|
|Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA)||3,178||$1,168,870,000||$367,801||$3,816||4.58%|
|PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA)||464||$231,060,000||$497,974||$3,384||4.82%|
|BARNSTABLE TOWN, MA (FHA|USDA|VA)||441||$112,805,000||$255,794||$2,371||4.50%|
|WORCESTER, MA-CT (FHA|USDA|VA)||197||$80,995,000||$411,142||$3,947||4.66%|
|Vineyard Haven, MA (FHA|USDA|VA)||81||$52,775,000||$651,543||$5,782||4.36%|
|Outside of Metro Areas||62||$40,430,000||$652,097||$4,720||4.24%|
|PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA)||10||$16,700,000||$1,670,000||$4,386||4.68%|
|PITTSFIELD, MA (FHA|USDA|VA)||3||$13,805,000||$4,601,667||$0||4.44%|
|HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA)||2||$7,660,000||$3,830,000||$0||3.98%|
|SPRINGFIELD, MA (FHA|USDA|VA)||25||$6,985,000||$279,400||$5,120||4.73%|
|MANCHESTER-NASHUA, NH (FHA|USDA|VA)||8||$4,160,000||$520,000||$3,819||4.18%|
|WILMINGTON, NC (FHA|USDA|VA)||1||$4,005,000||$4,005,000||$0||2.50%|
|NAPLES-MARCO ISLAND, FL (FHA|USDA|VA)||7||$2,775,000||$396,429||$6,502||3.60%|
|Laconia, NH (FHA|USDA|VA)||5||$1,935,000||$387,000||$3,184||4.17%|
|CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA)||4||$1,830,000||$457,500||$6,409||5.13%|
|Lebanon, NH-VT (FHA|USDA|VA)||2||$1,180,000||$590,000||$8,425||4.75%|
|ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA)||2||$1,010,000||$505,000||$6,245||4.19%|
|Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA)||1||$545,000||$545,000||$6,941||2.75%|
|Concord, NH (FHA|USDA|VA)||2||$530,000||$265,000||$0||5.24%|
|TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA)||1||$455,000||$455,000||$5,540||2.99%|
|THE VILLAGES, FL (FHA|USDA|VA)||2||$440,000||$220,000||$3,637||4.18%|
|LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA)||1||$365,000||$365,000||$6,199||4.63%|
|North Port-Sarasota-Bradenton, FL (FHA|USDA|VA)||2||$350,000||$175,000||$3,730||3.63%|
|Sebastian-Vero Beach, FL (FHA|USDA|VA)||1||$305,000||$305,000||$4,790||2.88%|
|PORT ST. LUCIE, FL (FHA|USDA|VA)||1||$285,000||$285,000||$0||3.63%|
|BANGOR, ME (FHA|USDA|VA)||1||$255,000||$255,000||$3,458||4.63%|
|Augusta-Waterville, ME (FHA|USDA|VA)||1||$195,000||$195,000||$3,561||4.50%|
|LEWISTON-AUBURN, ME (FHA|USDA|VA)||1||$195,000||$195,000||$3,578||4.88%|
We use machine learning to identify the top lenders compared against Rockland Trust Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Rockland Trust Company's most frequently originated type of loan was HELOC, with 2,261 originations. Their 2nd most popular type was Conventional, with 2,197 originations.
For 2022, Rockland Trust Company's most frequently cited loan purpose was Home Purchase, with 1,567 originations. The 2nd most popular reason was Home Improvement, with 1,326 originations.
For 2022, Rockland Trust Company's most frequently cited loan duration was Other, with 2,327 originations. The 2nd most popular length was 30 Year, with 1,483 originations.
Origination Fees/Closing Costs
Rockland Trust Company's average total fees were $4,506, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,589 originations.
During 2022, Rockland Trust Company's average interest rate for loans was 4.19%, while their most frequently originated rate bucket for loans was 3-4%, with 1,287 originations.
2022 saw Rockland Trust Company place emphasis on $200k-400k loans with 1,216 originations, totaling $346,840,000 in origination value.
Rockland Trust Company lent most frequently to those with incomes in the $150k-250k range, with 1,101 originations. The second most popular income band? $100k-150k, with 1,058 originations.
Applicant Debt to Income Ratio
Rockland Trust Company lent most frequently to those with DTI ratios of 20-30%, with 878 originations. The next most common DTI ratio? 30-36%, with 795 originations.
Approval RatesTotal approvals of all applications
Rockland Trust Company has a below average approval rate.
Pick RateApprovals leading to origination
Rockland Trust Company has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|
Occupancy Type Mix
|Dwelling Type||Originations||Total Value||Average Loan|