Radius Financial Group Mortgage Rates, Fees & Info

NORWELL, MA

LEI: 549300GCEUZLVML1J263

Tax ID: 04-3483190

3 stars - Updated: 3/3/24 - out of 5 stars, based on 40 reviews

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

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Mortgage Data

Review & Overview

Radius Financial Group is a smaller mortgage company specializing in Home Purchase loans. Radius Financial Group has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Boston, Worcester, Providence, Miami, and Springfield among others. We have data for 89 markets. (Some data included below & more in-depth data is available with an active subscription.)

Radius Financial Group has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Radius Financial Group is typically an average 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.75% 3/3/24
30 Year Conventional Refi 6.68% 3/3/24
30 Year Cash-out Refi 6.86% 3/3/24
30 Year FHA Purchase 7.27% 3/3/24
30 Year FHA Refi 6.99% 3/3/24
30 Year VA Purchase 6.32% 3/3/24
30 Year USDA Purchase 6.69% 3/3/24
15 Year Conventional Purchase 5.66% 3/3/24
15 Year Conventional Refi 6.25% 3/3/24
15 Year Cash-out Refi 6.25% 3/3/24
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.

Radius Financial Group Mortgage Calculator






Your Estimates

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

This is not an official calculator from Radius Financial Group. 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

1,562

Origination Dollar Volume (All Markets)

$565,800,000
Show all (17) awards

Relative Rate

Radius Financial Group's average 30 year fixed mortgage rate was 5.07%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.31%.

Relative Fees (Closing Costs)

Radius Financial Group's average total fees/closing costs for a 30 year fixed rate mortgage were $7,536.

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.

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) 526 $229,690,000 $436,673 $7,232 4.94%
WORCESTER, MA-CT (FHA|USDA|VA) 152 $51,360,000 $337,895 $8,482 5.05%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 101 $40,585,000 $401,832 $8,034 5.01%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 101 $36,815,000 $364,505 $7,952 4.92%
SPRINGFIELD, MA (FHA|USDA|VA) 122 $34,470,000 $282,541 $7,101 5.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 101 $30,415,000 $301,139 $7,530 5.26%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 59 $23,815,000 $403,644 $6,850 4.98%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 40 $14,100,000 $352,500 $6,193 5.13%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 40 $9,940,000 $248,500 $6,330 4.79%
ASHEVILLE, NC (FHA|USDA|VA) 29 $8,785,000 $302,931 $6,625 5.11%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 17 $6,375,000 $375,000 $6,035 4.65%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 15 $4,405,000 $293,667 $8,806 4.63%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 20 $4,210,000 $210,500 $5,710 4.93%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 15 $4,115,000 $274,333 $5,856 5.02%
PORT ST. LUCIE, FL (FHA|USDA|VA) 12 $4,070,000 $339,167 $9,292 5.22%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 6 $4,060,000 $676,667 $11,681 5.58%
Vineyard Haven, MA (FHA|USDA|VA) 4 $4,010,000 $1,002,500 $29,524 4.09%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 13 $3,845,000 $295,769 $7,217 4.99%
Outside of Metro Areas 16 $3,600,000 $225,000 $5,506 4.64%
Jefferson, GA (FHA|USDA|VA) 9 $2,995,000 $332,778 $8,303 5.23%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 9 $2,985,000 $331,667 $8,724 4.75%
Concord, NH (FHA|USDA|VA) 10 $2,760,000 $276,000 $5,785 5.44%
Laconia, NH (FHA|USDA|VA) 10 $2,750,000 $275,000 $4,860 4.26%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 10 $2,520,000 $252,000 $6,669 5.00%
GAINESVILLE, GA (FHA|USDA|VA) 7 $2,325,000 $332,143 $7,370 4.96%
Thomaston, GA (FHA|USDA|VA) 8 $1,400,000 $175,000 $8,311 5.41%
Lebanon, NH-VT (FHA|USDA|VA) 3 $1,385,000 $461,667 $8,087 4.75%
PUNTA GORDA, FL (FHA|USDA|VA) 5 $1,365,000 $273,000 $9,178 5.95%
WINSTON-SALEM, NC (FHA|USDA|VA) 7 $1,275,000 $182,143 $4,807 5.64%
Cullowhee, NC (FHA|USDA|VA) 5 $1,195,000 $239,000 $6,680 5.30%
OCALA, FL (FHA|USDA|VA) 5 $1,095,000 $219,000 $4,673 3.95%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 4 $1,010,000 $252,500 $6,381 5.75%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $955,000 $318,333 $8,604 4.96%
WILMINGTON, NC (FHA|USDA|VA) 2 $890,000 $445,000 $4,371 7.13%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $880,000 $220,000 $8,714 6.47%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $855,000 $285,000 $9,725 5.96%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $815,000 $271,667 $9,097 3.50%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $800,000 $400,000 $6,958 5.25%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 2 $750,000 $375,000 $4,730 4.37%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $730,000 $365,000 $5,626 3.93%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $660,000 $330,000 $14,062 6.13%
SPARTANBURG, SC (FHA|USDA|VA) 3 $655,000 $218,333 $6,031 5.17%
RICHMOND, VA (FHA|USDA|VA) 1 $635,000 $635,000 $5,562 5.38%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $585,000 $585,000 $3,960 7.38%
GREENVILLE, NC (FHA|USDA|VA) 1 $575,000 $575,000 $4,324 3.75%
SAVANNAH, GA (FHA|USDA|VA) 2 $570,000 $285,000 $8,449 6.06%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $565,000 $565,000 $10,393 6.75%
JACKSONVILLE, NC (FHA|USDA|VA) 3 $555,000 $185,000 $10,785 5.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $505,000 $505,000 $4,419 5.50%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $480,000 $240,000 $3,652 4.62%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $470,000 $235,000 $5,193 4.81%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $465,000 $465,000 $12,733 6.13%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $465,000 $465,000 $2,979 5.75%
Forest City, NC (FHA|USDA|VA) 2 $460,000 $230,000 $7,478 4.56%
Brevard, NC (FHA|USDA|VA) 1 $405,000 $405,000 $5,187 6.12%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $375,000 $375,000 $4,434 5.38%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $355,000 $355,000 $11,362 5.63%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $355,000 $355,000 $10,624 5.50%
Dublin, GA (FHA|USDA|VA) 1 $345,000 $345,000 $8,149 6.63%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $325,000 $325,000 $13,354 5.99%
Toccoa, GA (FHA|USDA|VA) 2 $310,000 $155,000 $4,868 4.13%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $305,000 $305,000 $5,448 4.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $295,000 $295,000 $6,675 7.00%
PITTSFIELD, MA (FHA|USDA|VA) 1 $295,000 $295,000 $3,314 5.38%
Thomasville, GA (FHA|USDA|VA) 1 $275,000 $275,000 $14,894 5.99%
Key West, FL (FHA|USDA|VA) 1 $265,000 $265,000 $4,268 3.25%
Torrington, CT (FHA|USDA|VA) 1 $265,000 $265,000 $7,287 6.63%
THE VILLAGES, FL (FHA|USDA|VA) 1 $245,000 $245,000 $9,659 6.00%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $230,000 $115,000 $13,998 8.25%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $225,000 $225,000 $9,443 7.13%
HARRISONBURG, VA (FHA|USDA|VA) 1 $215,000 $215,000 $3,208 5.37%
Keene, NH (FHA|USDA|VA) 1 $215,000 $215,000 $3,190 5.63%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $205,000 $205,000 $3,937 6.62%
COLUMBIA, SC (FHA|USDA|VA) 1 $205,000 $205,000 $8,801 6.99%
KNOXVILLE, TN (FHA|USDA|VA) 1 $195,000 $195,000 $6,770 5.00%
Mount Airy, NC (FHA|USDA|VA) 1 $185,000 $185,000 $4,872 3.88%
Arcadia, FL (FHA|USDA|VA) 1 $165,000 $165,000 $3,534 3.88%
Morehead City, NC (FHA|USDA|VA) 1 $165,000 $165,000 $3,964 6.13%
Okeechobee, FL (FHA|USDA|VA) 1 $155,000 $155,000 $4,212 6.25%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $155,000 $155,000 $4,532 4.99%
Rutland, VT (FHA|USDA|VA) 1 $155,000 $155,000 $3,620 3.88%
NEW BERN, NC (FHA|USDA|VA) 1 $145,000 $145,000 $7,122 5.75%
Bennington, VT (FHA|USDA|VA) 1 $135,000 $135,000 $5,184 5.88%
Sevierville, TN (FHA|USDA|VA) 1 $125,000 $125,000 $5,288 5.88%
PITTSBURGH, PA (FHA|USDA|VA) 1 $115,000 $115,000 $3,928 5.00%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $115,000 $115,000 $3,728 4.38%
Seneca, SC (FHA|USDA|VA) 1 $105,000 $105,000 $3,316 3.63%
MOBILE, AL (FHA|USDA|VA) 1 $75,000 $75,000 $4,528 5.75%
FLINT, MI (FHA|USDA|VA) 1 $55,000 $55,000 $3,510 5.50%
Radius Financial Group's top markets include Boston, Worcester, Providence, Miami, and Springfield among others.

Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,226 $445,530,000 $363,401 $6,157 5.05%
    FHA 255 $90,095,000 $353,314 $12,547 4.96%
    VA 73 $27,895,000 $382,123 $10,059 4.54%
    USDA 8 $2,280,000 $285,000 $7,533 4.70%

    For 2022, Radius Financial Group's most frequently originated type of loan was Conventional, with 1,226 originations. Their 2nd most popular type was FHA, with 255 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,247 $462,225,000 $370,670 $7,715 5.18%
    Cash Out Refi 228 $78,370,000 $343,728 $6,558 4.51%
    Refi 86 $25,190,000 $292,907 $4,937 4.06%
    Other 1 $15,000 $15,000 $0 0.00%

    For 2022, Radius Financial Group's most frequently cited loan purpose was Home Purchase, with 1,247 originations. The 2nd most popular reason was Cash Out Refi, with 228 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,486 $545,940,000 $367,389 $7,536 5.07%
    15 Year 49 $13,095,000 $267,245 $4,300 3.54%
    20 Year 17 $4,715,000 $277,353 $4,250 4.07%
    10 Year 5 $605,000 $121,000 $2,191 6.95%
    Other 3 $835,000 $278,333 $8,342 4.08%
    30+ year 2 $610,000 $305,000 $12,117 5.50%

    For 2022, Radius Financial Group's most frequently cited loan duration was 30 Year, with 1,486 originations. The 2nd most popular length was 15 Year, with 49 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 772 $280,240,000 $363,005
    $5k+ 338 $142,670,000 $422,101
    $2k-3k 172 $51,000,000 $296,512
    $3k-4k 110 $34,790,000 $316,273
    $4k-5k 92 $28,890,000 $314,022
    $<1k 78 $28,210,000 $361,667

    Radius Financial Group's average total fees were $7,536, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 772 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 438 $152,980,000 $349,269
    4-5% 417 $158,085,000 $379,101
    3-4% 333 $118,145,000 $354,790
    6-7% 239 $86,715,000 $362,824
    7-8% 67 $25,205,000 $376,194
    2.5-3% 45 $20,425,000 $453,889
    <2.5% 13 $1,905,000 $146,538
    Over 8% 10 $2,340,000 $234,000

    During 2022, Radius Financial Group's average interest rate for loans was 5.07%, while their most frequently originated rate bucket for loans was 5-6%, with 438 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 763 $228,095,000 $298,945 $7,041 5.05%
    $400k-600k 406 $195,700,000 $482,020 $8,957 5.07%
    $100k-200k 227 $35,665,000 $157,115 $4,957 5.04%
    $600k-1MM 120 $83,160,000 $693,000 $9,093 4.83%
    $100,000 or less 30 $1,630,000 $54,333 $2,683 3.89%
    $1MM+ 16 $21,550,000 $1,346,875 $14,023 4.59%

    2022 saw Radius Financial Group place emphasis on $200k-400k loans with 763 originations, totaling $228,095,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 428 $165,500,000 $386,682 $8,023 5.14%
    $75k-100k 307 $97,275,000 $316,857 $7,701 4.98%
    $50k-75k 300 $75,690,000 $252,300 $6,788 4.79%
    $150k-250k 286 $130,890,000 $457,657 $7,268 5.09%
    $250k+ 133 $76,935,000 $578,459 $7,965 5.10%
    $50k or less 108 $19,510,000 $180,648 $5,283 4.91%

    Radius Financial Group lent most frequently to those with incomes in the $100k-150k range, with 428 originations. The second most popular income band? $75k-100k, with 307 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 244 $84,940,000 $348,115 $6,188 5.00%
    20-30% 222 $84,330,000 $379,865 $6,060 4.93%
    50-60% 121 $47,855,000 $395,496 $11,993 4.84%
    49% 97 $32,815,000 $338,299 $8,146 5.21%
    44% 92 $31,840,000 $346,087 $7,617 5.22%
    43% 77 $26,165,000 $339,805 $7,577 4.85%
    38% 71 $25,665,000 $361,479 $6,981 4.85%
    46% 70 $23,570,000 $336,714 $7,468 5.12%
    41% 68 $27,360,000 $402,353 $7,262 4.88%
    45% 66 $22,100,000 $334,848 $8,398 5.09%
    <20% 65 $20,825,000 $320,385 $5,900 5.31%
    42% 64 $22,880,000 $357,500 $7,156 5.24%
    48% 59 $21,975,000 $372,458 $7,702 4.90%
    39% 58 $21,240,000 $366,207 $7,439 4.81%
    47% 56 $21,600,000 $385,714 $8,912 5.20%
    36% 46 $16,590,000 $360,652 $6,679 4.81%
    40% 45 $18,855,000 $419,000 $6,354 5.18%
    37% 37 $13,365,000 $361,216 $6,550 5.03%
    >60% 4 $1,830,000 $457,500 $9,428 5.25%

    Radius Financial Group lent most frequently to those with DTI ratios of 30-36%, with 244 originations. The next most common DTI ratio? 20-30%, with 222 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,178 $426,690,000 $362,216 $7,025 4.96%
    Not provided 170 $59,420,000 $349,529 $8,638 5.22%
    Black 117 $40,995,000 $350,385 $9,193 5.22%
    Asian 71 $26,435,000 $372,324 $7,656 5.06%
    Korean 7 $4,045,000 $577,857 $6,422 5.34%
    American Indian 6 $2,070,000 $345,000 $5,413 4.19%
    Asian Indian 4 $1,470,000 $367,500 $5,474 5.63%
    3 $1,405,000 $468,333 $7,231 4.83%
    Filipino 2 $1,250,000 $625,000 $13,693 5.31%
    Other Asian 2 $920,000 $460,000 $7,210 5.81%
    Chinese 1 $775,000 $775,000 $5,691 6.50%
    Other Pacific Islander 1 $325,000 $325,000 $12,750 5.00%

    Approval Rates

    Total approvals of all applications
    95.25%

    Radius Financial Group has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    80.67%

    Radius Financial Group has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1403.0 1 $105,000 $105,000
    NA 1,561 $565,695,000 $362,393

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,562 $565,800,000 $362,228

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 59 $13,155,000 $222,966 $4,896 4.54%
    40-60% 175 $55,065,000 $314,657 $5,354 4.84%
    60-80% 507 $190,755,000 $376,243 $6,834 5.05%
    80-100% 783 $298,125,000 $380,747 $8,309 5.11%
    Over 100% 20 $7,490,000 $374,500 $15,183 4.67%
    Under 20% 18 $1,210,000 $67,222 $1,656 3.41%