Radius Financial Group Mortgage Rates, Fees & Info

NORWELL, MA

LEI: 549300GCEUZLVML1J263

Tax ID: 04-3483190

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, Springfield, and Barnstable Town among others. We have data for 22 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 low 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% 12/16/24
    30 Year Conventional Refi 6.68% 12/16/24
    30 Year Cash-out Refi 6.86% 12/16/24
    30 Year FHA Purchase 7.27% 12/16/24
    30 Year FHA Refi 6.99% 12/16/24
    30 Year VA Purchase 6.32% 12/16/24
    30 Year USDA Purchase 6.69% 12/16/24
    15 Year Conventional Purchase 5.66% 12/16/24
    15 Year Conventional Refi 6.25% 12/16/24
    15 Year Cash-out Refi 6.25% 12/16/24
    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

    1,488

    Origination Dollar Volume (All Markets)

    $431,800,000
    Show all (10) awards

    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) 785 $264,285,000 $336,669 $4,652 4.81%
    WORCESTER, MA-CT (FHA|USDA|VA) 219 $52,655,000 $240,434 $3,883 4.84%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 139 $38,005,000 $273,417 $4,272 4.91%
    SPRINGFIELD, MA (FHA|USDA|VA) 168 $31,130,000 $185,298 $3,669 4.69%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 77 $21,395,000 $277,857 $3,437 4.94%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 20 $6,200,000 $310,000 $3,218 4.87%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 20 $5,000,000 $250,000 $3,357 4.84%
    Outside of Metro Areas 11 $2,205,000 $200,455 $2,433 4.97%
    Concord, NH (FHA|USDA|VA) 9 $2,155,000 $239,444 $3,541 5.01%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 6 $2,030,000 $338,333 $4,598 6.27%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 8 $2,000,000 $250,000 $2,395 4.69%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 4 $980,000 $245,000 $2,419 5.37%
    Lebanon, NH-VT (FHA|USDA|VA) 6 $930,000 $155,000 $2,006 4.81%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 2 $650,000 $325,000 $1,848 5.00%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 4 $420,000 $105,000 $2,576 4.69%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $350,000 $175,000 $3,139 5.13%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $335,000 $335,000 $4,834 5.13%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $320,000 $160,000 $3,732 5.06%
    Laconia, NH (FHA|USDA|VA) 2 $290,000 $145,000 $3,333 4.81%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $195,000 $195,000 $4,049 4.50%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $135,000 $135,000 $3,337 5.25%
    Keene, NH (FHA|USDA|VA) 1 $135,000 $135,000 $2,840 4.63%
    Radius Financial Group's top markets include Boston, Worcester, Providence, Springfield, and Barnstable Town among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against RADIUS FINANCIAL GROUP based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Westport Federal Credit Union
    Similarity Rank: 23
    Notre Dame Community Federal Credit Union
    Similarity Rank: 38
    PAWTUCKET
    Similarity Rank: 60
    Iron Workers Savings Bank
    Similarity Rank: 63
    Bank of Easton
    Similarity Rank: 66
    Stafford Savings Bank
    Similarity Rank: 68
    Saco Valley Credit Union
    Similarity Rank: 70
    CASCO
    Similarity Rank: 90
    SOMERSET
    Similarity Rank: 99
    POLISH NATIONAL
    Similarity Rank: 108

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,078 $307,840,000 $285,566 $3,022 4.79%
    FHA 331 $98,835,000 $298,595 $7,797 4.92%
    VA 67 $22,875,000 $341,418 $6,057 4.86%
    USDA 9 $1,775,000 $197,222 $3,011 4.76%
    HELOC 3 $475,000 $158,333 n/a 7.00%

    For 2018, Radius Financial Group's most frequently originated type of loan was Conventional, with 1,078 originations. Their 2nd most popular type was FHA, with 331 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,276 $368,660,000 $288,918 $4,151 4.81%
    Cash Out Refi 135 $40,865,000 $302,704 $4,918 4.98%
    Refi 76 $22,060,000 $290,263 $4,223 4.71%
    Other 1 $215,000 $215,000 $0 13.00%

    For 2018, Radius Financial Group's most frequently cited loan purpose was Home Purchase, with 1,276 originations. The 2nd most popular reason was Cash Out Refi, with 135 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,396 $416,200,000 $298,138 $4,372 4.91%
    15 Year 59 $7,285,000 $123,475 $1,533 2.76%
    20 Year 21 $5,465,000 $260,238 $2,970 4.63%
    Other 8 $2,560,000 $320,000 $2,958 4.91%
    10 Year 4 $290,000 $72,500 $1,490 6.16%

    For 2018, Radius Financial Group's most frequently cited loan duration was 30 Year, with 1,396 originations. The 2nd most popular length was 15 Year, with 59 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 790 $233,070,000 $295,025
    $<1k 551 $150,595,000 $273,312
    $2k-3k 54 $15,740,000 $291,481
    $5k+ 42 $15,680,000 $373,333
    $3k-4k 32 $10,610,000 $331,563
    $4k-5k 16 $5,630,000 $351,875

    Radius Financial Group's average total fees were $4,372, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 790 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 933 $277,415,000 $297,337
    5-6% 458 $134,120,000 $292,838
    3-4% 53 $16,055,000 $302,925
    <2.5% 28 $180,000 $6,429
    6-7% 9 $3,365,000 $373,889
    7-8% 4 $280,000 $70,000
    Over 8% 2 $370,000 $185,000

    During 2018, Radius Financial Group's average interest rate for loans was 4.91%, while their most frequently originated rate bucket for loans was 4-5%, with 933 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 849 $247,375,000 $291,372 $4,423 4.90%
    $100k-200k 307 $48,525,000 $158,062 $2,922 4.90%
    $400k-600k 247 $115,355,000 $467,024 $5,479 4.84%
    $100,000 or less 59 $2,315,000 $39,237 $1,190 3.22%
    $600k-1MM 22 $13,910,000 $632,273 $8,533 4.85%
    $1MM+ 4 $4,320,000 $1,080,000 $4,942 5.34%

    2018 saw Radius Financial Group place emphasis on $200k-400k loans with 849 originations, totaling $247,375,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 420 $98,630,000 $234,833 $3,962 4.79%
    $75k-100k 343 $97,255,000 $283,542 $4,292 4.85%
    $100k-150k 318 $109,840,000 $345,409 $4,589 4.85%
    $150k-250k 199 $78,555,000 $394,749 $4,948 4.89%
    $50k or less 159 $25,395,000 $159,717 $3,218 4.71%
    $250k+ 49 $22,125,000 $451,531 $3,944 4.94%

    Radius Financial Group lent most frequently to those with incomes in the $50k-75k range, with 420 originations. The second most popular income band? $75k-100k, with 343 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 233 $66,205,000 $284,142 $3,718 4.89%
    20-30% 176 $53,780,000 $305,568 $3,698 4.74%
    50-60% 152 $46,460,000 $305,658 $7,739 4.95%
    49% 103 $29,955,000 $290,825 $4,440 4.85%
    43% 79 $23,175,000 $293,354 $3,436 4.87%
    48% 76 $21,900,000 $288,158 $4,446 4.97%
    46% 72 $20,700,000 $287,500 $4,124 4.79%
    44% 70 $21,540,000 $307,714 $4,106 5.02%
    45% 62 $17,510,000 $282,419 $3,873 4.89%
    <20% 58 $11,060,000 $190,690 $2,114 3.61%
    41% 57 $17,905,000 $314,123 $4,595 4.82%
    47% 57 $16,705,000 $293,070 $3,556 4.89%
    42% 55 $14,845,000 $269,909 $3,773 4.77%
    40% 54 $14,900,000 $275,926 $3,660 4.87%
    39% 50 $14,980,000 $299,600 $3,143 4.85%
    37% 48 $12,820,000 $267,083 $3,670 4.93%
    38% 45 $14,435,000 $320,778 $4,636 4.93%
    36% 37 $11,095,000 $299,865 $3,870 4.95%
    >60% 4 $1,830,000 $457,500 $5,108 5.09%

    Radius Financial Group lent most frequently to those with DTI ratios of 30-36%, with 233 originations. The next most common DTI ratio? 20-30%, with 176 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,043 $300,475,000 $288,087 $4,233 4.82%
    Not provided 300 $86,550,000 $288,500 $4,134 4.88%
    Black 70 $20,600,000 $294,286 $4,832 4.80%
    Asian 58 $19,300,000 $332,759 $3,752 4.70%
    American Indian 5 $1,625,000 $325,000 $6,440 4.75%
    Other Asian 7 $1,265,000 $180,714 $3,035 4.75%
    Native Hawaiian or Islander 2 $760,000 $380,000 $4,868 4.56%
    Chinese 1 $475,000 $475,000 $396 4.50%
    Asian Indian 1 $405,000 $405,000 $3,834 5.63%
    1 $345,000 $345,000 $7,342 4.50%

    Approval Rates

    Total approvals of all applications
    92.79%

    Radius Financial Group has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.74%

    Radius Financial Group has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $45,000 $45,000
    NA 1,487 $431,755,000 $290,353

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $270,000 $135,000
    Single Family (1-4 Units):Site-Built 1,486 $431,530,000 $290,397

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 32 $5,270,000 $164,688 $2,738 4.71%
    40-60% 82 $22,380,000 $272,927 $3,298 4.67%
    60-80% 354 $108,010,000 $305,113 $3,450 4.97%
    80-100% 953 $285,475,000 $299,554 $4,593 4.87%
    Over 100% 28 $9,110,000 $325,357 $10,744 5.22%
    Under 20% 39 $1,555,000 $39,872 $343 2.57%