Radius Financial Group Mortgage Rates, Fees & Info

NORWELL, MA

LEI: 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 and 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 by origination volume include: Boston, Worcester, Providence, Barnstable Town, and Springfield among others. We have data for 52 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% 3/28/24
30 Year Conventional Refi 6.68% 3/28/24
30 Year Cash-out Refi 6.86% 3/28/24
30 Year FHA Purchase 7.27% 3/28/24
30 Year FHA Refi 6.99% 3/28/24
30 Year VA Purchase 6.32% 3/28/24
30 Year USDA Purchase 6.69% 3/28/24
15 Year Conventional Purchase 5.66% 3/28/24
15 Year Conventional Refi 6.25% 3/28/24
15 Year Cash-out Refi 6.25% 3/28/24
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

2,304

Origination Dollar Volume (All Markets)

$717,960,000

Awards

RADIUS FINANCIAL GROUP 30 Year Conventional Loans bronze RADIUS FINANCIAL GROUP 30 Year Conventional Loans bronze
Show all (2) 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) 1,282 $451,150,000 $351,911 $4,782 4.20%
WORCESTER, MA-CT (FHA|USDA|VA) 257 $67,745,000 $263,599 $5,358 4.39%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 156 $44,650,000 $286,218 $4,929 4.29%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 122 $38,960,000 $319,344 $4,303 4.19%
SPRINGFIELD, MA (FHA|USDA|VA) 153 $31,355,000 $204,935 $4,657 4.08%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 66 $18,690,000 $283,182 $4,384 4.17%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 48 $14,600,000 $304,167 $6,129 3.96%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 25 $6,295,000 $251,800 $3,924 3.89%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 17 $4,205,000 $247,353 $4,652 3.98%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 15 $4,105,000 $273,667 $5,012 4.11%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 17 $3,975,000 $233,824 $3,907 3.98%
Outside of Metro Areas 17 $3,125,000 $183,824 $3,238 4.00%
Concord, NH (FHA|USDA|VA) 12 $2,840,000 $236,667 $5,098 4.16%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 11 $2,705,000 $245,909 $3,701 4.06%
JACKSONVILLE, FL (FHA|USDA|VA) 13 $2,415,000 $185,769 $3,936 3.58%
Lebanon, NH-VT (FHA|USDA|VA) 9 $2,265,000 $251,667 $5,537 4.50%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 6 $2,010,000 $335,000 $7,634 4.02%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 10 $1,760,000 $176,000 $4,158 4.10%
Laconia, NH (FHA|USDA|VA) 7 $1,555,000 $222,143 $3,006 4.70%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 5 $1,285,000 $257,000 $3,857 3.94%
Vineyard Haven, MA (FHA|USDA|VA) 3 $1,255,000 $418,333 $3,159 4.08%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 5 $1,235,000 $247,000 $6,406 4.07%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $1,060,000 $265,000 $5,675 3.97%
Berlin, NH (FHA|USDA|VA) 5 $935,000 $187,000 $2,475 4.35%
GAINESVILLE, GA (FHA|USDA|VA) 2 $850,000 $425,000 $7,895 4.00%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 4 $790,000 $197,500 $3,906 4.66%
VALDOSTA, GA (FHA|USDA|VA) 3 $475,000 $158,333 $5,416 3.63%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $470,000 $235,000 $7,930 3.44%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $420,000 $210,000 $3,151 3.13%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $410,000 $205,000 $7,199 3.50%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $325,000 $325,000 $3,116 3.13%
THE VILLAGES, FL (FHA|USDA|VA) 1 $325,000 $325,000 $4,141 3.99%
WARNER ROBINS, GA (FHA|USDA|VA) 2 $310,000 $155,000 $5,022 4.00%
OCALA, FL (FHA|USDA|VA) 2 $300,000 $150,000 $5,674 4.25%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $265,000 $265,000 $5,497 3.25%
Torrington, CT (FHA|USDA|VA) 1 $255,000 $255,000 $4,398 3.38%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $255,000 $255,000 $4,412 4.00%
Keene, NH (FHA|USDA|VA) 1 $245,000 $245,000 $903 3.13%
SPARTANBURG, SC (FHA|USDA|VA) 1 $245,000 $245,000 $7,809 4.00%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $225,000 $225,000 $2,253 3.63%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $215,000 $215,000 $2,678 3.25%
Augusta-Waterville, ME (FHA|USDA|VA) 1 $205,000 $205,000 $2,570 4.49%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $195,000 $195,000 $7,036 3.88%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $185,000 $185,000 $4,219 5.38%
Jefferson, GA (FHA|USDA|VA) 1 $165,000 $165,000 $5,602 3.63%
Lewisburg, PA (FHA|USDA|VA) 1 $115,000 $115,000 $3,821 3.00%
BANGOR, ME (FHA|USDA|VA) 1 $115,000 $115,000 $1,518 4.88%
Palatka, FL (FHA|USDA|VA) 1 $105,000 $105,000 $3,799 4.25%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $105,000 $105,000 $3,601 3.88%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $105,000 $105,000 $2,485 4.75%
Toccoa, GA (FHA|USDA|VA) 1 $65,000 $65,000 $5,012 4.25%
PITTSFIELD, MA (FHA|USDA|VA) 1 $45,000 $45,000 $3,056 4.75%
Radius Financial Group's top markets include Boston, Worcester, Providence, Barnstable Town, and Springfield among others.

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,828 $571,940,000 $312,877 $3,809 4.19%
    FHA 361 $109,625,000 $303,670 $9,284 4.29%
    VA 96 $31,900,000 $332,292 $6,637 4.04%
    USDA 19 $4,495,000 $236,579 $5,843 3.87%

    For 2019, Radius Financial Group's most frequently originated type of loan was Conventional, with 1,828 originations. Their 2nd most popular type was FHA, with 361 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,506 $464,690,000 $308,559 $5,266 4.27%
    Refi 492 $163,380,000 $332,073 $3,537 3.91%
    Cash Out Refi 306 $89,890,000 $293,758 $4,548 4.27%

    For 2019, Radius Financial Group's most frequently cited loan purpose was Home Purchase, with 1,506 originations. The 2nd most popular reason was Refi, with 492 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,119 $676,185,000 $319,106 $4,974 4.26%
    15 Year 106 $20,840,000 $196,604 $2,717 3.10%
    20 Year 58 $15,400,000 $265,517 $3,025 3.88%
    Other 17 $4,985,000 $293,235 $2,975 4.68%
    10 Year 4 $550,000 $137,500 $2,185 2.91%

    For 2019, Radius Financial Group's most frequently cited loan duration was 30 Year, with 2,119 originations. The 2nd most popular length was 15 Year, with 106 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,805 $558,865,000 $309,620
    $<1k 218 $66,800,000 $306,422
    $2k-3k 94 $27,120,000 $288,511
    $5k+ 87 $33,485,000 $384,885
    $3k-4k 51 $16,305,000 $319,706
    $4k-5k 49 $15,385,000 $313,980

    Radius Financial Group's average total fees were $4,974, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,805 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,046 $331,820,000 $317,228
    4-5% 1,030 $325,750,000 $316,262
    5-6% 176 $50,770,000 $288,466
    2.5-3% 22 $6,390,000 $290,455
    <2.5% 19 $135,000 $7,105
    6-7% 6 $1,640,000 $273,333
    Over 8% 4 $1,260,000 $315,000
    7-8% 1 $195,000 $195,000

    During 2019, Radius Financial Group's average interest rate for loans was 4.26%, while their most frequently originated rate bucket for loans was 3-4%, with 1,046 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,345 $399,835,000 $297,275 $4,907 4.21%
    $400k-600k 453 $212,105,000 $468,223 $5,314 4.18%
    $100k-200k 390 $61,950,000 $158,846 $3,883 4.24%
    $100,000 or less 57 $3,105,000 $54,474 $2,072 3.42%
    $600k-1MM 57 $38,865,000 $681,842 $7,270 4.26%
    $1MM+ 2 $2,100,000 $1,050,000 $3,799 4.13%

    2019 saw Radius Financial Group place emphasis on $200k-400k loans with 1,345 originations, totaling $399,835,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 596 $208,510,000 $349,849 $4,961 4.26%
    $50k-75k 541 $131,025,000 $242,190 $4,832 4.18%
    $75k-100k 505 $150,675,000 $298,366 $5,072 4.17%
    $150k-250k 360 $147,840,000 $410,667 $4,534 4.19%
    $50k or less 200 $36,110,000 $180,550 $4,241 4.05%
    $250k+ 102 $43,800,000 $429,412 $4,407 4.33%

    Radius Financial Group lent most frequently to those with incomes in the $100k-150k range, with 596 originations. The second most popular income band? $50k-75k, with 541 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 403 $126,435,000 $313,734 $4,223 4.12%
    20-30% 351 $108,565,000 $309,302 $3,902 4.16%
    50-60% 157 $49,035,000 $312,325 $9,086 4.22%
    43% 118 $35,970,000 $304,831 $4,581 4.23%
    49% 111 $34,205,000 $308,153 $4,374 4.32%
    41% 106 $32,770,000 $309,151 $4,616 4.24%
    42% 105 $31,215,000 $297,286 $5,005 4.30%
    <20% 103 $32,095,000 $311,602 $3,637 3.99%
    40% 96 $30,220,000 $314,792 $4,653 4.23%
    48% 93 $27,245,000 $292,957 $4,789 4.24%
    44% 92 $28,260,000 $307,174 $4,632 4.26%
    38% 90 $28,120,000 $312,444 $4,522 4.07%
    46% 85 $26,845,000 $315,824 $5,264 4.27%
    39% 85 $27,615,000 $324,882 $4,730 4.26%
    37% 81 $25,115,000 $310,062 $4,988 4.14%
    47% 79 $24,715,000 $312,848 $5,486 4.33%
    45% 76 $25,710,000 $338,289 $5,151 4.27%
    36% 71 $23,015,000 $324,155 $4,508 4.18%
    >60% 2 $810,000 $405,000 $12,377 4.15%

    Radius Financial Group lent most frequently to those with DTI ratios of 30-36%, with 403 originations. The next most common DTI ratio? 20-30%, with 351 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,777 $557,675,000 $313,829 $4,755 4.20%
    Not provided 361 $110,855,000 $307,078 $5,025 4.20%
    Black 74 $23,170,000 $313,108 $5,801 4.21%
    Asian 81 $23,095,000 $285,123 $4,089 4.10%
    Asian Indian 5 $1,365,000 $273,000 $3,088 4.01%
    American Indian 2 $520,000 $260,000 $2,489 3.87%
    Other Pacific Islander 1 $475,000 $475,000 $4,056 3.99%
    Filipino 1 $335,000 $335,000 $2,855 4.25%
    Native Hawaiian or Islander 1 $265,000 $265,000 $7,423 3.50%
    Other Asian 1 $205,000 $205,000 $3,360 4.88%

    Approval Rates

    Total approvals of all applications
    95.59%

    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
    77.43%

    Radius Financial Group has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,304 $717,960,000 $311,615

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 6 $800,000 $133,333
    Single Family (1-4 Units):Site-Built 2,298 $717,160,000 $312,080

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 62 $12,740,000 $205,484 $3,079 4.04%
    40-60% 174 $48,190,000 $276,954 $3,257 3.91%
    60-80% 684 $216,240,000 $316,140 $3,901 4.26%
    80-100% 1,325 $427,825,000 $322,887 $5,452 4.24%
    Over 100% 33 $11,795,000 $357,424 $11,856 4.40%
    Under 20% 26 $1,170,000 $45,000 $782 2.18%