Rockland Trust Company Mortgage Rates, Fees & Info

Rockland, MA

LEI: TKT6FH38184ZYBTPKS77

Tax ID: 04-1782600

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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 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.

    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) 6.27% 11/21/24
    30 Year Conventional Purchase 5.73% 11/21/24
    30 Year Conventional Refi 6.03% 11/21/24
    30 Year Cash-out Refi 6.14% 11/21/24
    30 Year FHA Purchase 7.04% 11/21/24
    30 Year FHA Refi 6.77% 11/21/24
    30 Year VA Purchase 6.57% 11/21/24
    15 Year Conventional Purchase 5.44% 11/21/24
    15 Year Conventional Refi 6.08% 11/21/24
    15 Year Cash-out Refi 6.08% 11/21/24
    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

    4,506

    Origination Dollar Volume (All Markets)

    $1,752,900,000
    Show all (8) awards

    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) 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%
    Rockland Trust Company's top markets include Boston, Providence, Barnstable Town, Worcester, and Vineyard Haven among others.

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

    Homestar Mortgage, Inc.
    Similarity Rank: 8
    Rhode Island Credit Union
    Similarity Rank: 15
    SOMERSET
    Similarity Rank: 21
    Charter Oak Federal Credit Union
    Similarity Rank: 42
    QUINCY CREDIT UNION
    Similarity Rank: 50
    HOMEFIELD
    Similarity Rank: 72
    Direct Federal Credit Union
    Similarity Rank: 115
    FALL RIVER MUNICIPAL CREDIT UNION
    Similarity Rank: 129
    IC Federal Credit Union
    Similarity Rank: 144
    Piscataqua Savings Bank
    Similarity Rank: 200

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 2,261 $419,585,000 $185,575 n/a 4.68%
    Conventional 2,197 $1,311,475,000 $596,939 $3,493 4.49%
    FHA 44 $19,910,000 $452,500 $12,452 4.38%
    VA 4 $1,930,000 $482,500 $15,723 4.81%

    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.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,567 $910,285,000 $580,909 $4,856 4.49%
    Home Improvement 1,326 $204,570,000 $154,276 $822 4.89%
    Refi 816 $430,460,000 $527,525 $1,900 4.29%
    Other 551 $97,865,000 $177,613 $1,206 4.92%
    Cash Out Refi 246 $109,720,000 $446,016 $4,088 3.77%

    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.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 2,327 $639,555,000 $274,841 $3,511 4.70%
    30 Year 1,483 $697,675,000 $470,448 $4,506 4.19%
    20 Year 266 $51,940,000 $195,263 $499 5.15%
    10 Year 199 $221,315,000 $1,112,136 $427 5.11%
    15 Year 104 $21,970,000 $211,250 $1,549 4.47%
    5 Year 49 $41,105,000 $838,878 $0 5.20%
    30+ year 46 $38,220,000 $830,870 $9,398 4.37%
    1 Year 25 $21,765,000 $870,600 $0 5.89%
    3 Year 7 $19,355,000 $2,765,000 $0 6.02%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,589 $643,005,000 $404,660
    $1k-2k 64 $18,600,000 $290,625
    $2k-3k 59 $24,765,000 $419,746
    $5k+ 41 $35,975,000 $877,439
    $3k-4k 26 $12,810,000 $492,692
    $4k-5k 21 $14,925,000 $710,714

    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.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,287 $443,255,000 $344,409
    4-5% 1,239 $526,215,000 $424,709
    5-6% 818 $333,250,000 $407,396
    2.5-3% 537 $207,205,000 $385,857
    6-7% 419 $191,875,000 $457,936
    7-8% 132 $30,950,000 $234,470
    Over 8% 53 $7,795,000 $147,075
    <2.5% 20 $12,330,000 $616,500
    % 1 $25,000 $25,000

    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.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,216 $346,840,000 $285,230 $3,421 4.32%
    $100k-200k 1,169 $163,235,000 $139,636 $1,763 4.43%
    $100,000 or less 782 $48,840,000 $62,455 $100 5.60%
    $400k-600k 712 $340,210,000 $477,823 $4,585 4.33%
    $600k-1MM 438 $322,280,000 $735,799 $5,548 4.24%
    $1MM+ 189 $531,495,000 $2,812,143 $8,587 4.78%

    2022 saw Rockland Trust Company place emphasis on $200k-400k loans with 1,216 originations, totaling $346,840,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 1,101 $351,145,000 $318,933 $4,020 4.49%
    $100k-150k 1,058 $279,490,000 $264,168 $3,480 4.66%
    $250k+ 741 $342,745,000 $462,544 $5,277 4.35%
    $75k-100k 664 $147,390,000 $221,973 $3,246 4.59%
    $50k-75k 437 $77,925,000 $178,318 $2,997 4.65%
    $50k or less 166 $24,830,000 $149,578 $2,412 4.69%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 878 $253,050,000 $288,212 $3,495 4.35%
    30-36% 795 $245,315,000 $308,572 $3,687 4.50%
    <20% 317 $96,515,000 $304,464 $3,531 4.22%
    42% 279 $84,585,000 $303,172 $2,766 4.72%
    45% 221 $39,355,000 $178,077 $6,226 5.04%
    41% 210 $60,600,000 $288,571 $3,515 4.76%
    40% 198 $70,760,000 $357,374 $3,649 4.41%
    39% 181 $67,725,000 $374,171 $3,954 4.33%
    38% 176 $56,690,000 $322,102 $3,838 4.47%
    44% 153 $33,145,000 $216,634 $5,435 4.86%
    36% 151 $45,105,000 $298,709 $3,478 4.60%
    37% 146 $48,230,000 $330,342 $3,750 4.62%
    50-60% 132 $32,040,000 $242,727 $12,389 4.89%
    43% 121 $26,405,000 $218,223 $3,834 5.09%
    49% 86 $21,910,000 $254,767 $5,419 4.27%
    48% 57 $16,925,000 $296,930 $5,561 4.86%
    47% 57 $14,205,000 $249,211 $5,479 4.55%
    46% 49 $11,375,000 $232,143 $5,605 4.57%
    >60% 1 $505,000 $505,000 $0 4.24%

    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.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,422 $974,970,000 $284,912 $3,589 4.56%
    Not applicable 265 $506,985,000 $1,913,151 $0 5.18%
    Not provided 390 $119,390,000 $306,128 $4,123 4.61%
    Asian 182 $72,830,000 $400,165 $4,496 4.26%
    Black 168 $48,540,000 $288,929 $4,290 4.66%
    Asian Indian 33 $14,925,000 $452,273 $5,515 4.40%
    American Indian 17 $6,105,000 $359,118 $4,643 4.39%
    Chinese 12 $4,010,000 $334,167 $4,489 4.00%
    Other Asian 9 $2,775,000 $308,333 $4,240 4.05%
    Native Hawaiian or Islander 2 $970,000 $485,000 $4,720 3.87%
    Other Pacific Islander 4 $920,000 $230,000 $2,573 4.93%
    Japanese 1 $405,000 $405,000 $3,806 2.88%
    Filipino 1 $75,000 $75,000 $0 4.75%

    Approval Rates

    Total approvals of all applications
    75.51%

    Rockland Trust Company has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    80.14%

    Rockland Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 4,506 $1,752,900,000 $389,015

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    4,506 $1,752,900,000 $389,015

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,067 $326,895,000 $306,368 $2,318 4.39%
    40-60% 532 $283,610,000 $533,102 $3,473 4.20%
    60-80% 883 $667,605,000 $756,065 $4,444 4.40%
    80-100% 612 $314,620,000 $514,085 $5,169 4.35%
    Over 100% 4 $4,090,000 $1,022,500 $16,834 5.09%
    Under 20% 1,408 $156,080,000 $110,852 $386 5.10%