Rockland Trust at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 412 home-equity (HELOC) lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
23rd33.4% deniedPricingmedian rate spread over APOR, weight 30%
71st-0.23 ptsProcesswithdrawn + incomplete share, weight 15%
37th14.7%Closing coststotal loan costs ÷ loan amount, weight 10%
73rd2.30% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 5,638 | 3,032 | 28.7% | 33.8% | 7.49% | $1.2B |
| 2024 | 5,680 | 2,932 | 30.2% | 35.8% | 7.74% | $1.1B |
| 2025 | 6,320 | 3,419 | 28.5% | 33.4% | 6.99% | $1.4B |
What Rockland Trust lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 4,062 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 724 investment properties.
Why Rockland Trust denies applications
Primary reason reported for each of the 1,799 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Rockland Trust
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 418 | 69 | 77.1% |
| $50k – $100k | 1,404 | 597 | 45.9% |
| $100k – $150k | 1,411 | 799 | 30.4% |
| $150k – $250k | 1,515 | 922 | 25.8% |
| Over $250k | 1,157 | 751 | 19.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 34 | 23 | 25.8% |
| 25–34 | 635 | 388 | 26.8% |
| 35–44 | 1,304 | 656 | 37.3% |
| 45–54 | 1,225 | 643 | 36.6% |
| 55–64 | 1,392 | 731 | 34.9% |
| 65–74 | 994 | 541 | 32.2% |
| Over 74 | 467 | 213 | 39.3% |
Where Rockland Trust lends
6 states and 51 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Massachusetts | 5,990 | 3,239 | 28.6% | 6.99% | #6 |
| New Hampshire | 147 | 86 | 20.4% | 6.49% | #68 |
| Rhode Island | 114 | 53 | 35.1% | 6.74% | #63 |
| Maine | 37 | 22 | 27.0% | 6.31% | #138 |
| Florida | 31 | 19 | 16.1% | 6.25% | #688 |
Frequently asked questions
Rockland Trust denied 33.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 23rd percentile of home-equity (HELOC) lenders.
The most common reason Rockland Trust gave in 2025 was "debt-to-income ratio", cited on 48.7% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Rockland Trust originated in 2025 was 6.99%, and its median rate spread over the average prime offer rate was -0.23 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 29% of its applications were for home purchases, 26% for refinancing (including cash-out), and 45% for home improvement or other purposes. By loan type: 99% conventional, 1% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.