Radius Financial Group Mortgage Rates, Fees & Info

NORWELL, MA

LEI: 549300GCEUZLVML1J263

Tax ID: 04-3483190

5 stars - out of 5 stars, based on 62 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Radius Financial Group is a small mortgage company specializing in Home Purchase, Refi, and Cash Out Refi 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 include Boston, Worcester, Providence, Miami, and Barnstable Town among others. Radius Financial Group has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Radius Financial Group is typically an average fee lendor.


Originations

3,860

Origination Dollar Volume (All Markets)

$1,301,810,000
Show all (17) awards

Relative Rate

Radius Financial Group 's average 30 year fixed rate mortgage of loans were 3.04%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.11%.

Relative Fees

Radius Financial Group 's average total fees for a 30 year fixed rate mortgage are $4,660.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1,788 $702,560,000 $392,931 $4,443 2.97%
WORCESTER, MA-CT (FHA|USDA|VA) 319 $99,455,000 $311,771 $5,001 3.07%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 291 $89,055,000 $306,031 $4,371 3.02%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 184 $70,020,000 $380,543 $5,346 2.84%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 204 $65,790,000 $322,500 $3,998 2.93%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 203 $54,565,000 $268,793 $4,636 2.92%
SPRINGFIELD, MA (FHA|USDA|VA) 186 $41,000,000 $220,430 $4,178 2.86%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 88 $27,410,000 $311,477 $4,205 2.89%
Outside of Metro Areas 63 $15,865,000 $251,825 $3,859 3.06%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 53 $12,445,000 $234,811 $4,255 3.25%
ASHEVILLE, NC (FHA|USDA|VA) 58 $11,440,000 $197,241 $4,097 2.86%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 32 $10,270,000 $320,938 $4,385 2.85%
PORT ST. LUCIE, FL (FHA|USDA|VA) 25 $7,445,000 $297,800 $4,067 2.88%
Concord, NH (FHA|USDA|VA) 21 $7,035,000 $335,000 $3,952 2.87%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 27 $6,055,000 $224,259 $4,016 3.10%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 17 $5,895,000 $346,765 $3,097 2.99%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 18 $5,650,000 $313,889 $5,105 3.16%
JACKSONVILLE, FL (FHA|USDA|VA) 16 $4,300,000 $268,750 $4,303 2.98%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 20 $4,060,000 $203,000 $4,120 2.97%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 14 $3,720,000 $265,714 $3,557 3.03%
PUNTA GORDA, FL (FHA|USDA|VA) 11 $2,805,000 $255,000 $4,031 2.96%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 7 $2,555,000 $365,000 $4,684 2.87%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 11 $2,535,000 $230,455 $2,994 3.05%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 8 $2,520,000 $315,000 $5,198 2.92%
Jefferson, GA (FHA|USDA|VA) 8 $2,500,000 $312,500 $5,335 3.06%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $2,450,000 $612,500 $6,596 2.94%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 11 $2,235,000 $203,182 $3,958 2.90%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 7 $2,105,000 $300,714 $5,813 2.84%
Laconia, NH (FHA|USDA|VA) 6 $1,940,000 $323,333 $3,448 3.10%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 4 $1,940,000 $485,000 $3,350 3.06%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 4 $1,790,000 $447,500 $2,798 3.19%
GAINESVILLE, GA (FHA|USDA|VA) 6 $1,740,000 $290,000 $3,521 3.17%
Lebanon, NH-VT (FHA|USDA|VA) 8 $1,660,000 $207,500 $2,963 2.87%
SPARTANBURG, SC (FHA|USDA|VA) 5 $1,525,000 $305,000 $3,411 2.82%
Vineyard Haven, MA (FHA|USDA|VA) 4 $1,470,000 $367,500 $2,925 2.84%
PITTSFIELD, MA (FHA|USDA|VA) 7 $1,115,000 $159,286 $4,533 3.54%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 3 $1,095,000 $365,000 $4,195 2.67%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 7 $1,095,000 $156,429 $3,619 2.86%
BANGOR, ME (FHA|USDA|VA) 6 $1,090,000 $181,667 $3,320 2.78%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 7 $1,055,000 $150,714 $3,808 3.13%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 4 $970,000 $242,500 $5,964 3.00%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 4 $880,000 $220,000 $4,751 3.25%
Cornelia, GA (FHA|USDA|VA) 2 $750,000 $375,000 $4,041 3.06%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 3 $735,000 $245,000 $3,614 2.79%
WINSTON-SALEM, NC (FHA|USDA|VA) 3 $715,000 $238,333 $5,883 3.25%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $640,000 $320,000 $5,992 2.74%
SAVANNAH, GA (FHA|USDA|VA) 4 $640,000 $160,000 $3,303 2.78%
COLUMBIA, SC (FHA|USDA|VA) 3 $625,000 $208,333 $4,208 3.67%
Keene, NH (FHA|USDA|VA) 3 $585,000 $195,000 $2,102 2.71%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $575,000 $191,667 $4,034 3.21%
Forest City, NC (FHA|USDA|VA) 4 $560,000 $140,000 $3,549 2.91%
RALEIGH-CARY, NC (FHA|USDA|VA) 3 $555,000 $185,000 $3,099 2.63%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $545,000 $545,000 $4,098 3.13%
TALLAHASSEE, FL (FHA|USDA|VA) 3 $535,000 $178,333 $3,788 2.54%
Key West, FL (FHA|USDA|VA) 2 $530,000 $265,000 $4,273 2.93%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 3 $515,000 $171,667 $4,046 2.75%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $495,000 $495,000 $5,238 3.13%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $475,000 $475,000 $17,136 4.38%
PITTSBURGH, PA (FHA|USDA|VA) 4 $440,000 $110,000 $3,730 3.06%
Augusta-Waterville, ME (FHA|USDA|VA) 2 $430,000 $215,000 $3,254 3.00%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 1 $405,000 $405,000 $2,802 3.49%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $380,000 $190,000 $4,176 3.69%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 2 $360,000 $180,000 $2,441 3.00%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $355,000 $355,000 $3,379 2.88%
Berlin, NH (FHA|USDA|VA) 1 $345,000 $345,000 $4,904 3.00%
THE VILLAGES, FL (FHA|USDA|VA) 2 $340,000 $170,000 $3,688 2.87%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $335,000 $335,000 $5,747 3.75%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $335,000 $335,000 $10,684 3.25%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $335,000 $335,000 $3,160 2.63%
GAINESVILLE, FL (FHA|USDA|VA) 1 $335,000 $335,000 $4,856 2.88%
LANCASTER, PA (FHA|USDA|VA) 2 $330,000 $165,000 $2,191 2.75%
TUCSON, AZ (FHA|USDA|VA) 1 $315,000 $315,000 $9,839 2.25%
JOHNSON CITY, TN (FHA|USDA|VA) 3 $305,000 $101,667 $3,704 4.50%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $295,000 $295,000 $4,656 2.63%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $285,000 $285,000 $3,324 2.88%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $285,000 $285,000 $4,071 2.99%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $275,000 $275,000 $4,805 3.63%
Torrington, CT (FHA|USDA|VA) 2 $270,000 $135,000 $1,453 2.69%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $245,000 $245,000 $3,085 2.88%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 3 $235,000 $78,333 $3,628 3.92%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $215,000 $215,000 $5,099 3.88%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $210,000 $105,000 $4,347 2.75%
JACKSONVILLE, NC (FHA|USDA|VA) 2 $200,000 $100,000 $3,289 3.31%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $175,000 $175,000 $3,413 2.75%
Brevard, NC (FHA|USDA|VA) 1 $155,000 $155,000 $3,095 2.50%
Toccoa, GA (FHA|USDA|VA) 1 $155,000 $155,000 $4,827 2.62%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $145,000 $145,000 $5,834 3.13%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $145,000 $145,000 $6,936 2.75%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $135,000 $135,000 $2,233 2.75%
Thomasville, GA (FHA|USDA|VA) 1 $135,000 $135,000 $3,815 3.13%
Palatka, FL (FHA|USDA|VA) 1 $125,000 $125,000 $2,999 3.63%
Corsicana, TX (FHA|USDA|VA) 1 $115,000 $115,000 $1,463 3.25%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $85,000 $85,000 $3,496 3.00%

Radius Financial Group 's top markets include Boston, Worcester, Providence, Miami, and Barnstable Town among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 3,381 $1,137,355,000 $336,396 $3,902 3.00%
FHA 317 $105,195,000 $331,845 $9,570 2.87%
VA 146 $55,080,000 $377,260 $5,666 2.59%
USDA 16 $4,180,000 $261,250 $5,168 2.54%

For the 2021 period, Radius Financial Group 's most frequently originated loan type of loans were Conventional, with 3,381 originations. Their 2nd most popular type is FHA, with 317 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 1,682 $610,900,000 $363,199 $5,437 3.06%
Refi 1,288 $400,940,000 $311,289 $3,359 2.78%
Cash Out Refi 886 $289,900,000 $327,201 $4,135 3.07%
Other 4 $70,000 $17,500 $313 3.63%

For the 2021, Radius Financial Group 's most frequently cited loan purpose of loans were Home Purchase, with 1,682 originations. The 2nd most popular reason of loans were Refi, with 1,288 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 3,239 $1,134,755,000 $350,341 $4,660 3.04%
15 Year 324 $83,290,000 $257,068 $3,294 2.38%
20 Year 175 $52,545,000 $300,257 $3,522 2.78%
Other 90 $25,010,000 $277,889 $3,054 2.84%
10 Year 32 $6,210,000 $194,063 $2,650 2.73%

For the 2021, Radius Financial Group 's most frequently cited loan length of loans were 30 Year, with 3,239 originations. The 2nd most popular length of loans were 15 Year, with 324 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 2,897 $951,285,000 $328,369
$<1k 429 $153,945,000 $358,846
$2k-3k 218 $71,510,000 $328,028
$3k-4k 163 $54,275,000 $332,975
$5k+ 152 $70,600,000 $464,474

$4,660 of loans were Radius Financial Group 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 2,897 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 1,682 $580,190,000 $344,941
3-4% 1,401 $491,815,000 $351,046
<2.5% 687 $202,275,000 $294,432
4-5% 82 $25,720,000 $313,659
5-6% 8 $1,810,000 $226,250

During 2021, Radius Financial Group 's average interest rate of loans were 3.04%, while their most frequently originated rate bucket of loans were 2.5-3%, with 1,682 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 1,990 $587,290,000 $295,121 $4,312 3.00%
$400k-600k 873 $418,515,000 $479,399 $5,187 2.98%
$100k-200k 686 $107,710,000 $157,012 $3,321 2.85%
$600k-1MM 198 $139,530,000 $704,697 $6,325 3.05%
$100,000 or less 79 $5,595,000 $70,823 $2,706 2.97%
$1MM+ 34 $43,170,000 $1,269,706 $8,277 3.01%

2021 saw Radius Financial Group place emphasis on $200k-400k loans with 1,990 originations, totaling $587,290,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 961 $335,455,000 $349,069 $4,545 2.98%
$50k-75k 780 $198,290,000 $254,218 $4,422 2.95%
$75k-100k 777 $239,455,000 $308,179 $4,397 3.01%
$150k-250k 730 $309,600,000 $424,110 $4,300 2.97%
$50k or less 343 $66,875,000 $194,971 $3,983 2.87%
$250k+ 269 $152,135,000 $565,558 $5,194 3.01%

Radius Financial Group lent most frequently to those with incomes in the $100k-150k range, with 961 originations. The second most popular income band? $50k-75k, with 780 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 757 $268,395,000 $354,551 $4,246 2.99%
20-30% 718 $246,960,000 $343,955 $3,825 2.88%
<20% 294 $96,910,000 $329,626 $3,581 2.73%
44% 177 $57,485,000 $324,774 $4,548 3.11%
38% 162 $53,560,000 $330,617 $4,299 3.04%
43% 159 $53,445,000 $336,132 $4,855 3.04%
36% 157 $53,585,000 $341,306 $4,377 3.04%
39% 157 $50,575,000 $322,134 $4,369 3.09%
42% 155 $50,975,000 $328,871 $4,430 3.03%
45% 140 $46,090,000 $329,214 $4,654 3.03%
37% 139 $49,335,000 $354,928 $4,523 3.00%
41% 137 $43,255,000 $315,730 $4,551 3.05%
47% 131 $43,375,000 $331,107 $5,059 2.97%
40% 127 $41,935,000 $330,197 $4,495 3.06%
48% 125 $39,075,000 $312,600 $4,954 3.00%
50-60% 108 $37,020,000 $342,778 $8,591 2.92%
46% 107 $34,515,000 $322,570 $4,926 2.98%
49% 107 $34,455,000 $322,009 $5,351 2.95%
>60% 3 $865,000 $288,333 $2,148 2.88%

Radius Financial Group lent most frequently to those with DTI ratios of 30-36%, with 757 originations. The next most common DTI ratio? 20-30%, with 718 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 3,030 $1,027,380,000 $339,069 $4,321 2.96%
Not provided 471 $156,465,000 $332,197 $4,928 3.00%
Black 169 $51,905,000 $307,130 $5,374 3.03%
Asian 134 $45,120,000 $336,716 $4,441 3.05%
Asian Indian 16 $6,870,000 $429,375 $3,203 3.00%
American Indian 19 $6,235,000 $328,158 $4,787 3.03%
Chinese 3 $2,615,000 $871,667 $6,334 3.83%
Other Asian 9 $1,775,000 $197,222 $3,460 3.19%
Native Hawaiian 2 $820,000 $410,000 $1,570 2.62%
Korean 1 $685,000 $685,000 $90 4.13%
Vietnamese 2 $660,000 $330,000 $3,639 2.75%
Other Pacific Islander 1 $465,000 $465,000 $3,311 2.63%
Filipino 1 $425,000 $425,000 $4,148 2.99%
2 $390,000 $195,000 $3,774 3.13%

Approval Rates

Total approvals of all applications
96.07%

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
82.83%

Radius Financial Group has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 3,860 $1,301,810,000 $337,256

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
3,860 $1,301,810,000 $337,256

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 238 $56,490,000 $237,353 $3,186 2.71%
40-60% 704 $204,690,000 $290,753 $3,359 2.78%
60-80% 1,600 $557,590,000 $348,494 $4,113 3.07%
80-100% 1,268 $471,570,000 $371,901 $5,622 3.00%
Over 100% 19 $8,135,000 $428,158 $12,948 2.72%
Under 20% 31 $3,335,000 $107,581 $1,836 2.93%