Radius Financial Group Mortgage Rates, Fees & Info
NORWELL, MALEI: 549300GCEUZLVML1J263
Tax ID: 04-3483190
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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 96 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 a high 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 relatively high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.75% | 11/17/24 |
| 30 Year Conventional Refi | 6.68% | 11/17/24 |
| 30 Year Cash-out Refi | 6.86% | 11/17/24 |
| 30 Year FHA Purchase | 7.27% | 11/17/24 |
| 30 Year FHA Refi | 6.99% | 11/17/24 |
| 30 Year VA Purchase | 6.32% | 11/17/24 |
| 30 Year USDA Purchase | 6.69% | 11/17/24 |
| 15 Year Conventional Purchase | 5.66% | 11/17/24 |
| 15 Year Conventional Refi | 6.25% | 11/17/24 |
| 15 Year Cash-out Refi | 6.25% | 11/17/24 |
| 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
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This is not an official calculator from Radius Financial Group. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,225Origination Dollar Volume (All Markets)
$437,535,000Awards
RADIUS FINANCIAL GROUP - 2023
RADIUS FINANCIAL GROUP is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Radius Financial Group's average 30 year fixed mortgage rate was
6.86%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.38%.
Relative Fees (Closing Costs)
Radius Financial Group's average total fees/closing costs for a 30 year fixed rate
mortgage were $9,269.
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 $9,089.
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) | 346 | $164,860,000 | $476,474 | $9,669 | 6.80% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 94 | $34,690,000 | $369,043 | $10,632 | 6.78% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 68 | $28,070,000 | $412,794 | $9,788 | 6.86% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 70 | $26,290,000 | $375,571 | $8,540 | 6.54% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 71 | $20,495,000 | $288,662 | $7,284 | 6.71% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 104 | $19,070,000 | $183,365 | $7,331 | 5.95% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 32 | $15,220,000 | $475,625 | $10,394 | 7.08% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 51 | $14,745,000 | $289,118 | $9,438 | 6.94% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 35 | $10,505,000 | $300,143 | $9,330 | 6.88% |
| ASHEVILLE, NC (FHA|USDA|VA) | 28 | $7,950,000 | $283,929 | $8,572 | 7.10% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 14 | $5,650,000 | $403,571 | $7,371 | 6.56% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 20 | $4,810,000 | $240,500 | $5,967 | 6.22% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 15 | $4,675,000 | $311,667 | $10,327 | 6.21% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 12 | $4,590,000 | $382,500 | $8,854 | 7.17% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 19 | $3,905,000 | $205,526 | $7,041 | 5.70% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 8 | $3,760,000 | $470,000 | $10,949 | 6.15% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 8 | $3,670,000 | $458,750 | $8,477 | 7.02% |
| LANCASTER, PA (FHA|USDA|VA) | 17 | $3,385,000 | $199,118 | $7,613 | 6.08% |
| WILMINGTON, NC (FHA|USDA|VA) | 11 | $3,135,000 | $285,000 | $8,155 | 7.09% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 9 | $3,135,000 | $348,333 | $11,043 | 6.83% |
| Outside of Metro Areas | 13 | $2,905,000 | $223,462 | $6,353 | 7.52% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 4 | $2,600,000 | $650,000 | $19,740 | 7.25% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 7 | $2,545,000 | $363,571 | $8,783 | 7.00% |
| Concord, NH (FHA|USDA|VA) | 7 | $2,225,000 | $317,857 | $5,031 | 7.21% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $2,045,000 | $681,667 | $10,289 | 6.21% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 8 | $2,040,000 | $255,000 | $7,362 | 6.66% |
| Laconia, NH (FHA|USDA|VA) | 5 | $1,665,000 | $333,000 | $7,129 | 7.05% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 5 | $1,595,000 | $319,000 | $10,983 | 7.02% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 6 | $1,580,000 | $263,333 | $7,490 | 6.71% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $1,535,000 | $511,667 | $7,955 | 7.17% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 5 | $1,505,000 | $301,000 | $12,140 | 7.15% |
| GAINESVILLE, GA (FHA|USDA|VA) | 2 | $1,450,000 | $725,000 | $7,831 | 6.81% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 6 | $1,440,000 | $240,000 | $9,249 | 6.96% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $1,185,000 | $395,000 | $12,325 | 6.91% |
| Key West, FL (FHA|USDA|VA) | 2 | $1,180,000 | $590,000 | $13,340 | 6.62% |
| BANGOR, ME (FHA|USDA|VA) | 6 | $1,150,000 | $191,667 | $4,850 | 7.41% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $1,130,000 | $282,500 | $12,072 | 6.59% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $1,085,000 | $361,667 | $6,232 | 6.96% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $1,075,000 | $358,333 | $13,837 | 7.46% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 4 | $1,030,000 | $257,500 | $10,566 | 6.69% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $8,009 | 7.29% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $8,705 | 7.13% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $10,896 | 7.22% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 7 | $775,000 | $110,714 | $4,257 | 4.80% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $13,647 | 7.06% |
| Brevard, NC (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $9,551 | 7.00% |
| Cullowhee, NC (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $12,027 | 7.31% |
| GETTYSBURG, PA (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $4,620 | 5.34% |
| SPARTANBURG, SC (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $7,824 | 7.56% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $4,381 | 6.38% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $13,079 | 5.88% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $10,629 | 6.87% |
| Marion, NC (FHA|USDA|VA) | 4 | $570,000 | $142,500 | $4,724 | 6.09% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $12,461 | 6.25% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $8,074 | 6.50% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $10,427 | 6.75% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $10,015 | 7.44% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $7,459 | 7.38% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $11,671 | 7.49% |
| Pottsville, PA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $13,132 | 6.37% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $4,957 | 7.06% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $12,204 | 7.13% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $5,074 | 6.50% |
| NEW BERN, NC (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $7,113 | 4.54% |
| Mineral Wells, TX (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $16,415 | 6.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,798 | 6.62% |
| Lebanon, NH-VT (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $4,203 | 7.81% |
| DOVER, DE (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $12,758 | 7.99% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,584 | 7.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $9,394 | 7.50% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $7,504 | 7.13% |
| Easton, MD (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $10,423 | 7.63% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $14,434 | 6.99% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $8,105 | 7.37% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $12,701 | 6.75% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,516 | 6.75% |
| Toccoa, GA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $7,956 | 7.13% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $12,712 | 6.50% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,392 | 6.75% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,674 | 7.25% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,416 | 7.00% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $9,006 | 7.88% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,026 | 5.50% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,169 | 6.63% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,605 | 7.38% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $10,690 | 7.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $10,520 | 6.50% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,711 | 6.25% |
| LEBANON, PA (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $3,645 | 3.38% |
| Forest City, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $8,685 | 6.63% |
| Keene, NH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,471 | 7.00% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,264 | 6.63% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,755 | 6.38% |
| Gaffney, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,546 | 5.88% |
| Kinston, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,215 | 5.75% |
| BURLINGTON, NC (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $1,060 | 3.31% |
Their top states include:
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Product Mix
For 2023, Radius Financial Group's most frequently originated type of loan was Conventional, with 918 originations. Their 2nd most popular type was FHA, with 243 originations.
Loan Reason
For 2023, Radius Financial Group's most frequently cited loan purpose was Home Purchase, with 1,116 originations. The 2nd most popular reason was Cash Out Refi, with 72 originations.
Loan Duration/Length
For 2023, Radius Financial Group's most frequently cited loan duration was 30 Year, with 1,172 originations. The 2nd most popular length was 10 Year, with 26 originations.
Origination Fees/Closing Costs
Radius Financial Group's average total fees were $9,269, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 411 originations.
Interest Rates
During 2023, Radius Financial Group's average interest rate for loans was 6.86%, while their most frequently originated rate bucket for loans was 6-7%, with 572 originations.
Loan Sizing
2023 saw Radius Financial Group place emphasis on $200k-400k loans with 525 originations, totaling $153,775,000 in origination value.
Applicant Income
Radius Financial Group lent most frequently to those with incomes in the $100k-150k range, with 311 originations. The second most popular income band? $150k-250k, with 260 originations.
Applicant Debt to Income Ratio
Radius Financial Group lent most frequently to those with DTI ratios of 30-36%, with 175 originations. The next most common DTI ratio? 20-30%, with 136 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.43%
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 origination82.86%
Radius Financial Group has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,225 | $437,535,000 | $357,171 |