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Rockland Trust Bank: 2023 Home Equity Review

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At a glance

Info We are in the process of gathering reviews for this lender and will have them available starting October 2023
Bankrate Score
Rating: 4.1 stars out of 5
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Bankrate Score

Customer Rating
This lender has 0 reviews.

Loan amount

$25,000-$750,000 for HELOC; $25,000-$400,000 for home equity loan

Credit Good

Min. credit score required

Not specified


Repayment terms

Up to 20-year repayment term for HELOC; 5 years to 20 years for home equity loan

Funds available in

Not specified

Rockland Trust Bank features

Here's a breakdown of some of the benefits and drawbacks of Rockland Trust Bank home equity loans.

Rockland Trust Bank overview

Rockland Trust Bank provides home equity loans and lines of credit (HELOCs) in addition to consumer and commercial banking services, mortgages and investment products. The community bank has nearly 100 branches throughout Massachusetts, but also serves some other New England states.

Rockland Trust Bank snapshot

Home equity loan types Home equity line of credit (HELOC)
Home equity loan
Loan amounts $25,000-$750,000 for HELOC
$25,000-$400,000 for home equity loan
Credit score minimum Undisclosed
Repayment terms Up to 20-year repayment term for HELOC; 5 years to 20 years for home equity loan
Average time to approval Undisclosed

How Bankrate rates Rockland Trust Bank

Bankrate Score 4.1
Affordability 4.8/5
Availability 3.2/5
Borrower experience 4.5/5


To create our Bankrate Scores, we evaluated lenders based on availability, affordability and customer experience. Availability was assessed based on the minimum loan amount required, time to approval, days to close, minimum draw requirements, minimum credit score requirements and loan types offered. Affordability was assessed based on minimum APR, discounts and promotions offered and associated fees. Customer experience was assessed based on online application and account availability, customer support, auto payment availability and mobile app availability and ratings.


  • Rockland Trust Bank allows you to convert some or all of your variable-rate HELOC balance into a fixed-rate loan (for a fee).
  • While the bank focuses on personalized services at its branches, it still offers a robust online application process.


  • The community bank mainly serves the Massachusetts area.
  • Rockland’s home equity products start at $25,000. That’s high compared to some other home equity lenders.

Types of fees charged

Rockland Trust Bank doesn’t charge closing costs or annual fees on any of its home equity products. However, if you close your HELOC within two years of opening it, the bank will charge you a $500 early termination fee. Additionally, if you’d like to request a home equity loan of less than $25,000, you’ll be charged a $350 application fee.

Home equity loan products offered

Rockland Trust Bank offers three home equity products: a home equity loan, a HELOC and what the bank calls an “Express Mortgage.”

The fixed-rate home equity loan has a minimum loan amount of $25,000 and a maximum loan amount of $400,000, with repayment terms from five years to 20 years. The HELOC comes with variable rates, a minimum loan amount of $25,000 and a maximum loan amount of $750,000. For a $50 fee, you can convert some or all of the HELOC balance (a minimum of $10,000) to a fixed-rate loan. The HELOC repayment terms go up to 20 years.

The Express Mortgage, meanwhile, is a first lien, fixed-rate home equity loan with a term of up to 20 years. You could qualify for between $25,000 and $500,000 with this option.

How to qualify for a home equity loan with Rockland Trust Bank

For a home equity product from Republic Trust Bank, the property must be in Massachusetts, Maine, New Hampshire or Rhode Island.

How to get started

You can apply for a home equity loan or HELOC from Rockland Trust Bank at a branch, online or by phone. If you have questions during the application process, you can call 508-732-7072 or use the bank’s online chat feature. The bank’s customer information center is open from 7 a.m. to 8 p.m. ET, Monday through Friday; 8 a.m. to 5 p.m. ET on Saturday; and 10 a.m. to 3 p.m. ET on Sunday.

Rockland Trust customer ratings and reviews


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