George Mason Mortgage Rates, Fees & Info

Fairfax, VA

LEI: 2549006II76YXSS5XM65

Tax ID: 54-2024584

4.3 stars - out of 5 stars, based on 112 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    George Mason Mortgage is a mid-sized mortgage company specializing in Home Purchase and Refi loans. George Mason Mortgage 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: Washington, Richmond, Baltimore, Virginia Beach, and Hilton Head Island among others. We have data for 117 markets. (Some data included below & more in-depth data is available with an active subscription.)

    George Mason Mortgage 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. George Mason Mortgage 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 6.84% 11/27/22
    30 Year Conventional Refi 6.77% 11/27/22
    30 Year Cash-out Refi 6.94% 11/27/22
    30 Year FHA Purchase 7.68% 11/27/22
    30 Year FHA Refi 7.34% 11/27/22
    30 Year VA Purchase 6.50% 11/27/22
    30 Year VA Refi 6.35% 11/27/22
    30 Year USDA Purchase 6.99% 11/27/22
    30 Year USDA Refi 6.95% 11/27/22
    15 Year Conventional Purchase 5.99% 11/27/22
    15 Year Conventional Refi 6.05% 11/27/22
    15 Year Cash-out Refi 6.05% 11/27/22
    15 Year FHA Refi 7.15% 11/27/22
    15 Year VA Purchase 6.39% 11/27/22
    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.


    Originations

    12,567

    Origination Dollar Volume (All Markets)

    $5,033,785,000
    Show all (8) awards

    Relative Rate

    George Mason Mortgage's average 30 year fixed mortgage rate was 3%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.15%.

    Relative Fees (Closing Costs)

    George Mason Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $5,880.

    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 $4,750.

    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
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 6,700 $3,195,420,000 $476,928 $5,983 2.92%
    RICHMOND, VA (FHA|USDA|VA) 1,826 $532,440,000 $291,588 $5,104 3.01%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1,212 $421,820,000 $348,036 $5,417 2.92%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 654 $204,600,000 $312,844 $6,224 3.02%
    Outside of Metro Areas 482 $131,810,000 $273,465 $5,049 3.04%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 208 $94,100,000 $452,404 $4,490 3.04%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 146 $38,490,000 $263,630 $5,346 3.00%
    SALISBURY, MD-DE (FHA|USDA|VA) 91 $34,905,000 $383,571 $5,443 2.98%
    WINCHESTER, VA-WV (FHA|USDA|VA) 95 $26,645,000 $280,474 $4,960 3.03%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 78 $26,150,000 $335,256 $4,409 2.94%
    HARRISONBURG, VA (FHA|USDA|VA) 98 $26,130,000 $266,633 $4,269 3.14%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 74 $24,790,000 $335,000 $4,693 2.87%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 56 $19,700,000 $351,786 $5,892 2.83%
    RALEIGH-CARY, NC (FHA|USDA|VA) 58 $18,750,000 $323,276 $3,187 2.78%
    YORK-HANOVER, PA (FHA|USDA|VA) 67 $17,595,000 $262,612 $5,933 2.93%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 62 $15,690,000 $253,065 $6,217 2.96%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 49 $14,545,000 $296,837 $4,698 3.09%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 37 $14,285,000 $386,081 $6,255 2.75%
    STAUNTON, VA (FHA|USDA|VA) 64 $14,270,000 $222,969 $5,262 3.05%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 39 $13,255,000 $339,872 $5,265 3.02%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 28 $9,350,000 $333,929 $6,987 3.06%
    Elizabeth City, NC (FHA|USDA|VA) 33 $8,815,000 $267,121 $7,674 3.05%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 18 $8,180,000 $454,444 $3,573 2.86%
    Kill Devil Hills, NC (FHA|USDA|VA) 17 $7,065,000 $415,588 $6,520 3.07%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 12 $6,290,000 $524,167 $5,812 2.99%
    Easton, MD (FHA|USDA|VA) 13 $5,925,000 $455,769 $4,554 3.00%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 13 $5,845,000 $449,615 $6,156 3.15%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 17 $5,765,000 $339,118 $4,895 2.99%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 14 $5,300,000 $378,571 $4,313 3.04%
    JACKSONVILLE, FL (FHA|USDA|VA) 15 $3,745,000 $249,667 $3,958 2.85%
    GETTYSBURG, PA (FHA|USDA|VA) 13 $3,715,000 $285,769 $5,273 2.92%
    ROANOKE, VA (FHA|USDA|VA) 12 $3,650,000 $304,167 $3,939 2.87%
    Morehead City, NC (FHA|USDA|VA) 12 $3,550,000 $295,833 $4,222 3.08%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 9 $3,345,000 $371,667 $6,726 3.03%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 11 $3,115,000 $283,182 $3,024 2.93%
    SAVANNAH, GA (FHA|USDA|VA) 8 $3,020,000 $377,500 $5,727 2.79%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 7 $2,855,000 $407,857 $5,612 2.85%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 6 $2,480,000 $413,333 $7,460 3.14%
    LANCASTER, PA (FHA|USDA|VA) 9 $2,325,000 $258,333 $4,250 3.05%
    PITTSBURGH, PA (FHA|USDA|VA) 10 $2,320,000 $232,000 $4,961 3.11%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 7 $2,165,000 $309,286 $4,661 2.92%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 6 $2,030,000 $338,333 $5,127 3.33%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 6 $1,880,000 $313,333 $5,619 2.77%
    LYNCHBURG, VA (FHA|USDA|VA) 5 $1,865,000 $373,000 $5,982 2.90%
    WILMINGTON, NC (FHA|USDA|VA) 6 $1,670,000 $278,333 $3,730 3.06%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $1,655,000 $551,667 $9,980 3.00%
    COLUMBUS, OH (FHA|USDA|VA) 5 $1,545,000 $309,000 $5,071 2.88%
    WINSTON-SALEM, NC (FHA|USDA|VA) 6 $1,540,000 $256,667 $3,043 2.77%
    CUMBERLAND, MD-WV (FHA|USDA|VA) 4 $1,510,000 $377,500 $3,437 2.93%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 6 $1,450,000 $241,667 $5,914 2.89%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 4 $1,440,000 $360,000 $3,031 2.90%
    ASHEVILLE, NC (FHA|USDA|VA) 5 $1,295,000 $259,000 $2,896 3.09%
    DOVER, DE (FHA|USDA|VA) 3 $1,145,000 $381,667 $5,155 2.58%
    JACKSONVILLE, NC (FHA|USDA|VA) 6 $1,140,000 $190,000 $5,040 3.02%
    Ellensburg, WA (FHA|USDA|VA) 1 $1,095,000 $1,095,000 $4,948 3.13%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 5 $1,055,000 $211,000 $4,962 3.08%
    FAYETTEVILLE, NC (FHA|USDA|VA) 10 $1,050,000 $105,000 $3,412 3.39%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 5 $1,035,000 $207,000 $3,305 3.15%
    KNOXVILLE, TN (FHA|USDA|VA) 2 $1,000,000 $500,000 $20,588 2.38%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $995,000 $331,667 $5,219 3.25%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 4 $990,000 $247,500 $3,385 2.81%
    COLUMBIA, SC (FHA|USDA|VA) 5 $975,000 $195,000 $5,206 2.67%
    Cambridge, MD (FHA|USDA|VA) 3 $955,000 $318,333 $3,905 3.04%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 4 $940,000 $235,000 $5,688 3.09%
    Georgetown, SC (FHA|USDA|VA) 2 $810,000 $405,000 $3,303 2.62%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $800,000 $400,000 $3,527 3.25%
    OCALA, FL (FHA|USDA|VA) 2 $760,000 $380,000 $4,745 3.31%
    GREENVILLE, NC (FHA|USDA|VA) 5 $745,000 $149,000 $3,084 3.17%
    Roanoke Rapids, NC (FHA|USDA|VA) 3 $715,000 $238,333 $3,706 3.04%
    BURLINGTON, NC (FHA|USDA|VA) 4 $660,000 $165,000 $3,080 2.87%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $655,000 $655,000 $28,565 2.63%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 2 $650,000 $325,000 $3,765 2.81%
    NEW BERN, NC (FHA|USDA|VA) 3 $625,000 $208,333 $3,316 2.75%
    BRUNSWICK, GA (FHA|USDA|VA) 2 $600,000 $300,000 $3,526 2.81%
    Shelby, NC (FHA|USDA|VA) 2 $550,000 $275,000 $3,087 2.88%
    PANAMA CITY, FL (FHA|USDA|VA) 2 $550,000 $275,000 $8,841 3.43%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $530,000 $265,000 $8,278 3.31%
    PUNTA GORDA, FL (FHA|USDA|VA) 2 $500,000 $250,000 $6,229 2.75%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $500,000 $250,000 $4,196 3.68%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $455,000 $455,000 $5,677 2.49%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $450,000 $225,000 $3,512 2.87%
    JOHNSTOWN, PA (FHA|USDA|VA) 1 $445,000 $445,000 $6,482 2.99%
    Pottsville, PA (FHA|USDA|VA) 1 $405,000 $405,000 $5,668 3.13%
    LEBANON, PA (FHA|USDA|VA) 2 $370,000 $185,000 $4,064 2.75%
    AKRON, OH (FHA|USDA|VA) 1 $365,000 $365,000 $4,171 3.13%
    BECKLEY, WV (FHA|USDA|VA) 2 $360,000 $180,000 $3,480 3.63%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $350,000 $175,000 $5,304 2.49%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $345,000 $345,000 $3,764 3.38%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $305,000 $305,000 $5,300 3.49%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $305,000 $305,000 $3,830 3.38%
    SUMTER, SC (FHA|USDA|VA) 1 $295,000 $295,000 $4,050 2.13%
    MORGANTOWN, WV (FHA|USDA|VA) 1 $295,000 $295,000 $9,000 2.99%
    Selinsgrove, PA (FHA|USDA|VA) 1 $285,000 $285,000 $6,269 2.99%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $275,000 $275,000 $4,186 2.75%
    Oil City, PA (FHA|USDA|VA) 1 $275,000 $275,000 $8,511 2.99%
    Fairmont, WV (FHA|USDA|VA) 1 $265,000 $265,000 $3,634 2.88%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $265,000 $265,000 $4,067 2.63%
    Big Stone Gap, VA (FHA|USDA|VA) 1 $265,000 $265,000 $3,676 2.88%
    Sevierville, TN (FHA|USDA|VA) 1 $255,000 $255,000 $7,031 3.25%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $250,000 $125,000 $3,426 3.19%
    Clarksburg, WV (FHA|USDA|VA) 1 $245,000 $245,000 $3,400 2.25%
    Somerset, PA (FHA|USDA|VA) 1 $235,000 $235,000 $4,702 2.99%
    Danville, VA (FHA|USDA|VA) 1 $225,000 $225,000 $4,911 2.49%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $225,000 $225,000 $2,791 3.25%
    Ashtabula, OH (FHA|USDA|VA) 1 $225,000 $225,000 $3,760 2.88%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $215,000 $215,000 $3,165 2.88%
    HINESVILLE, GA (FHA|USDA|VA) 1 $205,000 $205,000 $3,898 2.63%
    Martinsville, VA (FHA|USDA|VA) 2 $190,000 $95,000 $5,966 3.62%
    Marion, NC (FHA|USDA|VA) 1 $185,000 $185,000 $2,747 2.63%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1 $165,000 $165,000 $3,219 3.63%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $115,000 $115,000 $3,305 2.99%
    St. Marys, GA (FHA|USDA|VA) 1 $115,000 $115,000 $4,595 3.49%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $105,000 $105,000 $2,803 2.25%
    Athens, OH (FHA|USDA|VA) 1 $95,000 $95,000 $5,017 3.75%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $95,000 $95,000 $3,315 2.99%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $85,000 $85,000 $3,387 3.38%
    Lewistown, PA (FHA|USDA|VA) 1 $65,000 $65,000 $3,718 3.25%
    George Mason Mortgage's top markets include Washington, Richmond, Baltimore, Virginia Beach, and Hilton Head Island among others.

    Their top states include:
  • Virginia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • Similar Lenders

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

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    BHCU
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 10,133 $4,022,525,000 $396,973 $4,685 2.99%
    VA 1,284 $656,490,000 $511,285 $9,857 2.66%
    FHA 967 $308,815,000 $319,354 $9,928 2.97%
    USDA 183 $45,955,000 $251,120 $6,595 2.80%

    For 2021, George Mason Mortgage's most frequently originated type of loan was Conventional, with 10,133 originations. Their 2nd most popular type was VA, with 1,284 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 7,110 $2,933,050,000 $412,525 $6,698 3.01%
    Refi 3,955 $1,559,925,000 $394,418 $4,081 2.81%
    Cash Out Refi 1,475 $531,485,000 $360,329 $4,682 3.05%
    Home Improvement 27 $9,325,000 $345,370 $14,852 3.25%

    For 2021, George Mason Mortgage's most frequently cited loan purpose was Home Purchase, with 7,110 originations. The 2nd most popular reason was Refi, with 3,955 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 11,125 $4,564,075,000 $410,254 $5,880 3.00%
    15 Year 1,028 $308,330,000 $299,932 $3,640 2.42%
    20 Year 224 $71,850,000 $320,759 $3,744 2.89%
    Other 67 $23,825,000 $355,597 $3,740 2.86%
    10 Year 64 $12,090,000 $188,906 $3,101 2.36%
    30+ year 59 $53,615,000 $908,729 $10,945 3.64%

    For 2021, George Mason Mortgage's most frequently cited loan duration was 30 Year, with 11,125 originations. The 2nd most popular length was 15 Year, with 1,028 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 10,025 $4,063,725,000 $405,359
    $2k-3k 816 $275,570,000 $337,708
    $<1k 588 $132,780,000 $225,816
    $5k+ 465 $294,045,000 $632,355
    $3k-4k 404 $154,820,000 $383,218
    $4k-5k 254 $100,060,000 $393,937

    George Mason Mortgage's average total fees were $5,880, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 10,025 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 6,523 $2,674,815,000 $410,059
    3-4% 4,251 $1,671,515,000 $393,205
    <2.5% 1,678 $659,120,000 $392,801
    4-5% 115 $28,335,000 $246,391

    During 2021, George Mason Mortgage's average interest rate for loans was 3.00%, while their most frequently originated rate bucket for loans was 2.5-3%, with 6,523 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 5,530 $1,636,730,000 $295,973 $5,132 2.95%
    $400k-600k 3,353 $1,634,205,000 $487,386 $6,123 2.91%
    $100k-200k 1,531 $242,715,000 $158,534 $3,855 3.00%
    $600k-1MM 1,507 $1,105,645,000 $733,673 $8,125 2.94%
    $100,000 or less 344 $14,270,000 $41,483 $1,910 3.17%
    $1MM+ 302 $400,220,000 $1,325,232 $10,333 3.03%

    2021 saw George Mason Mortgage place emphasis on $200k-400k loans with 5,530 originations, totaling $1,636,730,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 3,058 $1,200,010,000 $392,417 $5,972 2.95%
    $150k-250k 2,799 $1,376,295,000 $491,710 $5,872 2.95%
    $75k-100k 2,035 $643,285,000 $316,111 $5,604 2.96%
    $50k-75k 1,961 $488,185,000 $248,947 $5,179 2.99%
    $250k+ 1,413 $983,325,000 $695,913 $6,305 2.99%
    $50k or less 842 $149,740,000 $177,838 $4,561 3.00%

    George Mason Mortgage lent most frequently to those with incomes in the $100k-150k range, with 3,058 originations. The second most popular income band? $150k-250k, with 2,799 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 2,958 $1,216,130,000 $411,133 $5,052 2.92%
    30-36% 2,293 $929,785,000 $405,488 $5,532 2.99%
    <20% 1,172 $459,690,000 $392,227 $4,327 2.87%
    42% 474 $194,960,000 $411,308 $6,008 3.05%
    41% 459 $181,915,000 $396,329 $6,230 2.98%
    36% 456 $180,090,000 $394,934 $5,523 2.98%
    40% 453 $188,925,000 $417,053 $5,720 2.99%
    38% 450 $177,170,000 $393,711 $6,023 3.02%
    39% 448 $186,830,000 $417,031 $5,920 3.04%
    43% 435 $155,235,000 $356,862 $6,440 3.02%
    44% 423 $152,545,000 $360,626 $6,567 3.04%
    37% 419 $164,765,000 $393,234 $5,580 2.96%
    50-60% 314 $139,390,000 $443,917 $10,492 2.88%
    45% 303 $114,705,000 $378,564 $5,886 2.99%
    49% 302 $108,500,000 $359,272 $6,213 2.98%
    47% 301 $110,305,000 $366,462 $6,138 2.96%
    46% 283 $110,975,000 $392,138 $6,183 2.95%
    48% 277 $101,785,000 $367,455 $6,124 3.01%
    >60% 22 $12,500,000 $568,182 $17,724 2.65%

    George Mason Mortgage lent most frequently to those with DTI ratios of 20-30%, with 2,958 originations. The next most common DTI ratio? 30-36%, with 2,293 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 7,840 $3,159,350,000 $402,978 $5,477 2.95%
    Not provided 2,797 $1,145,185,000 $409,433 $5,634 2.94%
    Black 1,240 $421,170,000 $339,653 $6,744 3.05%
    Asian 507 $225,525,000 $444,822 $5,561 2.90%
    Asian Indian 69 $38,795,000 $562,246 $5,460 2.99%
    American Indian 50 $17,450,000 $349,000 $7,795 2.94%
    Other Asian 29 $9,925,000 $342,241 $5,745 2.83%
    Native Hawaiian or Islander 9 $4,255,000 $472,778 $5,685 2.89%
    Filipino 8 $3,990,000 $498,750 $5,906 2.91%
    Korean 5 $2,625,000 $525,000 $6,197 2.90%
    Vietnamese 3 $1,875,000 $625,000 $7,051 3.13%
    Chinese 4 $1,710,000 $427,500 $6,177 2.90%
    Japanese 4 $970,000 $242,500 $3,760 3.13%
    Native Hawaiian 1 $725,000 $725,000 $10,288 3.13%
    Other Pacific Islander 1 $235,000 $235,000 $6,984 3.13%

    Approval Rates

    Total approvals of all applications
    97.50%

    George Mason Mortgage 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
    76.44%

    George Mason Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 12,567 $5,033,785,000 $400,556

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    12,567 $5,033,785,000 $400,556

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 447 $110,525,000 $247,260 $3,495 2.73%
    40-60% 1,570 $575,910,000 $366,822 $3,946 2.80%
    60-80% 4,173 $1,756,025,000 $420,806 $4,521 3.01%
    80-100% 5,811 $2,408,225,000 $414,425 $6,500 2.98%
    Over 100% 343 $174,995,000 $510,190 $17,910 2.72%
    Under 20% 223 $8,105,000 $36,345 $898 3.19%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    GERSHMAN INVESTMENT CORPORATION FHA mortgage Closing on a mortgage 1 100.0%