Rockland Trust Company Mortgage Rates, Fees & Info

Rockland, MA

LEI: TKT6FH38184ZYBTPKS77

Tax ID: 04-1782600

5 stars - Updated: 4/5/25 - out of 5 stars, based on 54 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Rockland Trust Company is a small mortgage company specializing in Home Purchase 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, Vineyard Haven, and Worcester among others. We have data for 23 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Rockland Trust Company has a below 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.72% 4/5/25
    30 Year Conventional Purchase 6.42% 4/5/25
    30 Year Conventional Refi 6.42% 4/5/25
    30 Year Cash-out Refi 6.57% 4/5/25
    30 Year FHA Purchase 7.16% 4/5/25
    30 Year FHA Refi 6.72% 4/5/25
    30 Year VA Purchase 6.79% 4/5/25
    15 Year Conventional Purchase 4.19% 4/5/25
    15 Year Conventional Refi 6.77% 4/5/25
    15 Year Cash-out Refi 6.77% 4/5/25
    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 Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Rockland Trust Company. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    2,932

    Origination Dollar Volume (All Markets)

    $1,055,000,000
    Show all (5) awards

    Relative Rate

    Rockland Trust Company's average 30 year fixed mortgage rate was 6.38%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.17%.

    Relative Fees (Closing Costs)

    Rockland Trust Company's average total fees/closing costs for a 30 year fixed rate mortgage were $5,509.

    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 $8,356.

    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
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2,030 $714,180,000 $351,813 $4,668 7.52%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 313 $124,445,000 $397,588 $3,822 7.64%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 343 $92,895,000 $270,831 $3,487 7.74%
    Vineyard Haven, MA (FHA|USDA|VA) 58 $33,430,000 $576,379 $7,731 7.24%
    WORCESTER, MA-CT (FHA|USDA|VA) 101 $30,645,000 $303,416 $4,273 7.23%
    PITTSFIELD, MA (FHA|USDA|VA) 4 $22,940,000 $5,735,000 $9,046 6.69%
    Outside of Metro Areas 41 $18,875,000 $460,366 $5,939 7.56%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 7 $3,765,000 $537,857 $5,263 6.71%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 5 $2,185,000 $437,000 $6,551 6.60%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 4 $1,790,000 $447,500 $6,472 6.47%
    Laconia, NH (FHA|USDA|VA) 5 $1,475,000 $295,000 $4,264 6.92%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $1,130,000 $565,000 $7,285 6.50%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $965,000 $321,667 $5,608 6.33%
    Lebanon, NH-VT (FHA|USDA|VA) 3 $885,000 $295,000 $4,490 6.42%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $850,000 $425,000 $6,500 6.12%
    SPRINGFIELD, MA (FHA|USDA|VA) 3 $845,000 $281,667 $9,508 6.13%
    Berlin, NH (FHA|USDA|VA) 1 $755,000 $755,000 $0 7.99%
    Key West, FL (FHA|USDA|VA) 1 $715,000 $715,000 $0 6.63%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $675,000 $675,000 $12,951 6.63%
    Keene, NH (FHA|USDA|VA) 2 $630,000 $315,000 $4,817 7.43%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $395,000 $395,000 $0 7.00%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $325,000 $325,000 $5,839 6.50%
    BANGOR, ME (FHA|USDA|VA) 1 $205,000 $205,000 $3,685 6.75%
    Rockland Trust Company's top markets include Boston, Providence, Barnstable Town, Vineyard Haven, and Worcester among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)

    • Similar Lenders

    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.

    OCEAN STATE CREDIT UNION
    Similarity Rank: 63
    SOMERSET
    Similarity Rank: 72
    Piscataqua Savings Bank
    Similarity Rank: 100
    FALL RIVER MUNICIPAL CREDIT UNION
    Similarity Rank: 108
    Southern Mass Credit Union
    Similarity Rank: 112
    Centreville Bank
    Similarity Rank: 120
    The Washington Trust Company, of Westerly
    Similarity Rank: 240
    Sharon & Crescent United Credit Union
    Similarity Rank: 245
    CENTRAL ONE FEDERAL CREDIT UNION
    Similarity Rank: 299
    St. Mary's Credit Union
    Similarity Rank: 355

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,748 $362,640,000 $207,460 n/a 8.07%
    Conventional 1,151 $676,505,000 $587,754 $4,282 6.74%
    FHA 30 $13,950,000 $465,000 $13,086 6.43%
    VA 3 $1,905,000 $635,000 $14,106 6.71%

    For 2024, Rockland Trust Company's most frequently originated type of loan was HELOC, with 1,748 originations. Their 2nd most popular type was Conventional, with 1,151 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,068 $662,280,000 $620,112 $5,613 6.70%
    Home Improvement 842 $141,140,000 $167,625 $401 8.17%
    Refi 627 $171,075,000 $272,847 $2,090 7.82%
    Other 343 $58,645,000 $170,977 $1,725 8.17%
    Cash Out Refi 52 $21,860,000 $420,385 $5,512 6.40%

    For 2024, Rockland Trust Company's most frequently cited loan purpose was Home Purchase, with 1,068 originations. The 2nd most popular reason was Home Improvement, with 842 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 1,773 $439,205,000 $247,719 $0 8.07%
    30 Year 855 $434,295,000 $507,947 $5,509 6.38%
    20 Year 99 $13,165,000 $132,980 $225 8.23%
    10 Year 98 $109,070,000 $1,112,959 $11 7.36%
    15 Year 45 $6,045,000 $134,333 $1,876 6.57%
    5 Year 33 $26,095,000 $790,758 $0 7.61%
    30+ year 13 $13,075,000 $1,005,769 $9,265 6.50%
    1 Year 10 $10,710,000 $1,071,000 $0 9.13%
    3 Year 6 $3,340,000 $556,667 $0 9.00%

    For 2024, Rockland Trust Company's most frequently cited loan duration was Other, with 1,773 originations. The 2nd most popular length was 30 Year, with 855 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 630 $328,380,000 $521,238
    $<1k 197 $28,675,000 $145,558
    $2k-3k 57 $25,465,000 $446,754
    $5k+ 35 $22,005,000 $628,714
    $3k-4k 20 $8,610,000 $430,500
    $4k-5k 13 $7,985,000 $614,231

    Rockland Trust Company's average total fees were $5,509, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 630 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 1,335 $405,445,000 $303,704
    6-7% 770 $466,310,000 $605,597
    Over 8% 643 $108,345,000 $168,499
    5-6% 161 $72,475,000 $450,155
    <2.5% 17 $475,000 $27,941
    4-5% 6 $1,950,000 $325,000

    During 2024, Rockland Trust Company's average interest rate for loans was 6.38%, while their most frequently originated rate bucket for loans was 7-8%, with 1,335 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 805 $110,305,000 $137,025 $1,662 7.80%
    $200k-400k 733 $203,185,000 $277,196 $4,273 7.31%
    $100,000 or less 496 $30,890,000 $62,278 $160 8.50%
    $400k-600k 474 $227,700,000 $480,380 $5,433 6.92%
    $600k-1MM 329 $242,115,000 $735,912 $6,532 6.89%
    $1MM+ 95 $240,805,000 $2,534,789 $8,041 7.10%

    2024 saw Rockland Trust Company place emphasis on $100k-200k loans with 805 originations, totaling $110,305,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 796 $238,370,000 $299,460 $4,863 7.56%
    $250k+ 666 $329,420,000 $494,625 $5,696 7.38%
    $100k-150k 655 $156,765,000 $239,336 $4,326 7.61%
    $75k-100k 331 $60,055,000 $181,435 $3,474 7.55%
    $50k-75k 234 $33,050,000 $141,239 $3,291 7.41%
    $50k or less 75 $8,685,000 $115,800 $2,254 8.18%

    Rockland Trust Company lent most frequently to those with incomes in the $150k-250k range, with 796 originations. The second most popular income band? $250k+, with 666 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 447 $140,525,000 $314,374 $4,439 7.36%
    20-30% 394 $119,330,000 $302,868 $4,243 7.57%
    45% 234 $48,070,000 $205,427 $2,531 7.99%
    44% 205 $51,585,000 $251,634 $3,753 7.78%
    50-60% 145 $30,055,000 $207,276 $13,286 8.02%
    <20% 144 $51,220,000 $355,694 $4,372 7.32%
    42% 138 $54,620,000 $395,797 $5,295 7.43%
    41% 132 $39,610,000 $300,076 $4,730 7.39%
    49% 132 $35,060,000 $265,606 $6,929 7.63%
    43% 129 $32,805,000 $254,302 $4,408 7.55%
    37% 113 $32,865,000 $290,841 $4,294 7.36%
    38% 99 $33,955,000 $342,980 $4,649 7.28%
    39% 98 $34,440,000 $351,429 $4,368 7.41%
    40% 97 $31,895,000 $328,814 $4,922 7.43%
    36% 82 $28,800,000 $351,220 $4,356 7.24%
    47% 69 $21,505,000 $311,667 $5,880 7.55%
    48% 69 $22,705,000 $329,058 $5,305 7.39%
    46% 62 $19,360,000 $312,258 $5,159 7.34%
    >60% 1 $455,000 $455,000 $0 7.74%

    Rockland Trust Company lent most frequently to those with DTI ratios of 30-36%, with 447 originations. The next most common DTI ratio? 20-30%, with 394 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,264 $643,810,000 $284,368 $4,239 7.62%
    Not applicable 122 $209,570,000 $1,717,787 $0 7.42%
    Not provided 218 $82,110,000 $376,651 $5,369 7.24%
    Asian 133 $55,745,000 $419,135 $5,745 7.01%
    Black 127 $34,215,000 $269,409 $6,439 7.30%
    Asian Indian 33 $16,595,000 $502,879 $4,968 6.60%
    American Indian 14 $3,520,000 $251,429 $5,467 7.67%
    Vietnamese 5 $3,445,000 $689,000 $5,270 6.77%
    Other Asian 7 $2,295,000 $327,857 $4,874 6.53%
    Other Pacific Islander 3 $1,595,000 $531,667 $13,486 7.70%
    Chinese 2 $1,490,000 $745,000 $0 6.87%
    Filipino 3 $355,000 $118,333 $0 8.24%
    Native Hawaiian or Islander 1 $255,000 $255,000 $0 7.24%

    Approval Rates

    Total approvals of all applications
    69.79%

    Rockland Trust Company has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    76.88%

    Rockland Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,932 $1,055,000,000 $359,823

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,932 $1,055,000,000 $359,823

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 818 $206,490,000 $252,433 $3,073 7.69%
    40-60% 315 $191,895,000 $609,190 $5,016 7.18%
    60-80% 455 $329,225,000 $723,571 $5,399 6.90%
    80-100% 345 $210,355,000 $609,725 $6,145 6.46%
    Over 100% 1 $795,000 $795,000 $23,314 6.25%
    Under 20% 998 $116,240,000 $116,473 $633 8.17%