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 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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,304Origination Dollar Volume (All Markets)
$717,960,000Awards
RADIUS FINANCIAL GROUP - 2019
RADIUS FINANCIAL GROUP is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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% |
Their top states include:
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Product Mix
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
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
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
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
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
2019 saw Radius Financial Group place emphasis on $200k-400k loans with 1,345 originations, totaling $399,835,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications95.59%
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 origination77.43%
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 |