George Mason Mortgage Rates, Fees & Info
Fairfax, VALEI: 2549006II76YXSS5XM65
Tax ID: 54-2024584
2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
George Mason Mortgage is a mid-sized mortgage company specializing in Refi and Home Purchase 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 include Washington, Frederick, Richmond, Baltimore, and Virginia Beach among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. George Mason Mortgage is typically an average fee lendor.Originations
15,390Origination Dollar Volume (All Markets)
$5,760,250,000Relative Rate
George Mason Mortgage 's average 30 year fixed rate mortgage was
3.15%.
The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.
This yields a difference of -0.21%.
Relative Fees
George Mason Mortgage 's average total fees for a 30 year fixed rate
mortgage are $5,211.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $5,021.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 12,640 | $4,703,790,000 | $372,135 | $4,351 | 3.13% |
| VA | 1,569 | $724,615,000 | $461,832 | $7,901 | 2.89% |
| FHA | 992 | $288,540,000 | $290,867 | $9,125 | 3.15% |
| USDA | 189 | $43,305,000 | $229,127 | $6,227 | 3.00% |
For the 2020 period, George Mason Mortgage 's most frequently originated loan type was Conventional, with 12,640 originations. Their 2nd most popular type is VA, with 1,569 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 7,212 | $2,754,480,000 | $381,930 | $3,931 | 3.05% |
| Home Purchase | 6,781 | $2,520,015,000 | $371,629 | $6,324 | 3.14% |
| Cash Out Refi | 1,372 | $477,420,000 | $347,974 | $4,485 | 3.20% |
| Home Improvement | 25 | $8,335,000 | $333,400 | $14,514 | 3.38% |
For the 2020, George Mason Mortgage 's most frequently cited loan purpose was Refi, with 7,212 originations. The 2nd most popular reason was Home Purchase, with 6,781 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 13,423 | $5,112,855,000 | $380,903 | $5,211 | 3.14% |
| 15 Year | 1,282 | $383,950,000 | $299,493 | $3,474 | 2.72% |
| 20 Year | 379 | $115,245,000 | $304,077 | $3,572 | 3.02% |
| Other | 146 | $52,470,000 | $359,384 | $3,651 | 3.10% |
| 30+ year | 91 | $81,225,000 | $892,582 | $13,026 | 3.79% |
| 10 Year | 69 | $14,505,000 | $210,217 | $3,059 | 2.70% |
For the 2020, George Mason Mortgage 's most frequently cited loan length was 30 Year, with 13,423 originations. The 2nd most popular length was 15 Year, with 1,282 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 12,137 | $4,607,105,000 | $379,592 |
| $2k-3k | 1,028 | $344,880,000 | $335,486 |
| $<1k | 988 | $223,290,000 | $226,002 |
| $3k-4k | 755 | $292,885,000 | $387,927 |
| $5k+ | 482 | $292,090,000 | $605,996 |
$5,211 was George Mason Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 12,137 originations.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV | 7,368 | $3,186,130,000 | $432,428 | $5,295 | 3.10% |
| FREDERICK-GAITHERSBURG-ROCKVILLE, MD | 1,605 | $688,455,000 | $428,944 | $5,023 | 3.08% |
| RICHMOND, VA | 1,914 | $518,180,000 | $270,731 | $4,777 | 3.16% |
| BALTIMORE-COLUMBIA-TOWSON, MD | 1,406 | $465,430,000 | $331,031 | $4,874 | 3.11% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC | 694 | $212,670,000 | $306,441 | $5,740 | 3.11% |
| Outside of Metro Areas | 615 | $162,055,000 | $263,504 | $4,799 | 3.09% |
| HILTON HEAD ISLAND-BLUFFTON, SC | 231 | $83,905,000 | $363,225 | $3,846 | 3.13% |
| RALEIGH-CARY, NC | 160 | $51,840,000 | $324,000 | $3,231 | 3.07% |
| WINCHESTER, VA-WV | 138 | $38,880,000 | $281,739 | $4,281 | 3.10% |
| HAGERSTOWN-MARTINSBURG, MD-WV | 173 | $38,055,000 | $219,971 | $4,518 | 3.07% |
| SALISBURY, MD-DE | 97 | $33,025,000 | $340,464 | $4,469 | 3.05% |
| HARRISONBURG, VA | 125 | $29,885,000 | $239,080 | $3,975 | 3.10% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC | 91 | $28,875,000 | $317,308 | $3,976 | 3.10% |
| CHARLOTTESVILLE, VA | 95 | $27,925,000 | $293,947 | $4,177 | 3.13% |
| CHAMBERSBURG-WAYNESBORO, PA | 46 | $11,020,000 | $239,565 | $5,646 | 3.09% |
| STAUNTON, VA | 45 | $10,435,000 | $231,889 | $5,140 | 3.17% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | 33 | $10,305,000 | $312,273 | $4,864 | 3.09% |
| WILMINGTON, DE-MD-NJ | 34 | $10,070,000 | $296,176 | $5,440 | 3.14% |
| CHARLESTON-NORTH CHARLESTON, SC | 22 | $8,270,000 | $375,909 | $4,710 | 2.92% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC | 28 | $8,030,000 | $286,786 | $3,786 | 3.12% |
| NORTH PORT-SARASOTA-BRADENTON, FL | 24 | $7,930,000 | $330,417 | $4,187 | 3.06% |
| DURHAM-CHAPEL HILL, NC | 25 | $7,525,000 | $301,000 | $3,279 | 3.02% |
| PHILADELPHIA, PA | 18 | $7,510,000 | $417,222 | $5,478 | 3.14% |
| YORK-HANOVER, PA | 30 | $6,580,000 | $219,333 | $5,159 | 2.96% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL | 23 | $6,485,000 | $281,957 | $4,849 | 3.06% |
| LYNCHBURG, VA | 22 | $5,750,000 | $261,364 | $4,150 | 2.98% |
| MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA | 17 | $5,685,000 | $334,412 | $6,401 | 2.82% |
| WILMINGTON, NC | 12 | $5,460,000 | $455,000 | $3,177 | 3.11% |
| WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL | 17 | $5,365,000 | $315,588 | $4,326 | 3.11% |
| JACKSONVILLE, FL | 14 | $5,230,000 | $373,571 | $6,009 | 3.01% |
| ORLANDO-KISSIMMEE-SANFORD, FL | 16 | $4,820,000 | $301,250 | $4,421 | 3.28% |
| MIAMI-MIAMI BEACH-KENDALL, FL | 16 | $4,180,000 | $261,250 | $5,252 | 3.04% |
| GREENVILLE-ANDERSON, SC | 13 | $3,655,000 | $281,154 | $2,970 | 2.95% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL | 11 | $3,605,000 | $327,727 | $5,960 | 2.83% |
| CALIFORNIA-LEXINGTON PARK, MD | 10 | $3,360,000 | $336,000 | $3,391 | 3.05% |
| GETTYSBURG, PA | 14 | $3,150,000 | $225,000 | $5,590 | 3.11% |
| FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL | 9 | $3,035,000 | $337,222 | $5,554 | 2.93% |
| ROANOKE, VA | 9 | $2,925,000 | $325,000 | $3,999 | 3.08% |
| PITTSBURGH, PA | 11 | $2,705,000 | $245,909 | $4,170 | 3.02% |
| WINSTON-SALEM, NC | 9 | $2,535,000 | $281,667 | $5,338 | 3.12% |
| COLUMBIA, SC | 10 | $2,310,000 | $231,000 | $2,703 | 3.17% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL | 5 | $1,985,000 | $397,000 | $7,528 | 2.92% |
| ASHEVILLE, NC | 5 | $1,795,000 | $359,000 | $3,918 | 2.92% |
| DOVER, DE | 5 | $1,765,000 | $353,000 | $7,633 | 2.83% |
| GREENSBORO-HIGH POINT, NC | 9 | $1,725,000 | $191,667 | $4,047 | 3.29% |
| HARRISBURG-CARLISLE, PA | 13 | $1,725,000 | $132,692 | $3,755 | 2.74% |
| GREENVILLE, NC | 5 | $1,715,000 | $343,000 | $2,889 | 3.05% |
| PORT ST. LUCIE, FL | 4 | $1,600,000 | $400,000 | $5,818 | 3.00% |
| HICKORY-LENOIR-MORGANTON, NC | 5 | $1,585,000 | $317,000 | $2,370 | 3.03% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN | 4 | $1,490,000 | $372,500 | $5,404 | 2.84% |
| SAVANNAH, GA | 2 | $1,270,000 | $635,000 | $7,491 | 3.88% |
| CAPE CORAL-FORT MYERS, FL | 5 | $1,265,000 | $253,000 | $4,412 | 2.85% |
| NAPLES-MARCO ISLAND, FL | 4 | $1,100,000 | $275,000 | $5,579 | 2.84% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN | 3 | $985,000 | $328,333 | $3,597 | 3.32% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ | 3 | $925,000 | $308,333 | $4,111 | 2.79% |
| FAYETTEVILLE, NC | 4 | $910,000 | $227,500 | $9,510 | 3.28% |
| CLEVELAND-ELYRIA, OH | 3 | $885,000 | $295,000 | $3,205 | 2.75% |
| PUNTA GORDA, FL | 2 | $730,000 | $365,000 | $5,407 | 2.88% |
| WARNER ROBINS, GA | 2 | $730,000 | $365,000 | $9,340 | 3.06% |
| JACKSONVILLE, NC | 3 | $695,000 | $231,667 | $4,280 | 2.79% |
| LANCASTER, PA | 3 | $675,000 | $225,000 | $4,010 | 2.87% |
| OCALA, FL | 2 | $660,000 | $330,000 | $4,180 | 3.37% |
| AUGUSTA-RICHMOND COUNTY, GA-SC | 3 | $655,000 | $218,333 | $3,119 | 2.75% |
| SEBASTIAN-VERO BEACH, FL | 2 | $640,000 | $320,000 | $4,103 | 3.50% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL | 2 | $610,000 | $305,000 | $3,783 | 2.99% |
| BLACKSBURG-CHRISTIANSBURG, VA | 3 | $575,000 | $191,667 | $4,109 | 3.25% |
| COLUMBUS, OH | 1 | $505,000 | $505,000 | $4,367 | 3.38% |
| BURLINGTON, NC | 4 | $480,000 | $120,000 | $2,746 | 3.40% |
| GAINESVILLE, GA | 1 | $475,000 | $475,000 | $4,574 | 3.63% |
| PENSACOLA-FERRY PASS-BRENT, FL | 2 | $450,000 | $225,000 | $2,954 | 2.81% |
| KNOXVILLE, TN | 2 | $430,000 | $215,000 | $2,658 | 2.69% |
| NEW BERN, NC | 2 | $430,000 | $215,000 | $2,860 | 2.62% |
| GAINESVILLE, FL | 1 | $405,000 | $405,000 | $4,956 | 2.75% |
| FLORENCE, SC | 1 | $385,000 | $385,000 | $3,584 | 2.38% |
| MORGANTOWN, WV | 2 | $380,000 | $190,000 | $3,622 | 3.12% |
| PARKERSBURG-VIENNA, WV | 1 | $365,000 | $365,000 | $4,405 | 2.99% |
| READING, PA | 2 | $340,000 | $170,000 | $3,853 | 3.38% |
| DAYTON-KETTERING, OH | 2 | $330,000 | $165,000 | $5,639 | 3.25% |
| GOLDSBORO, NC | 2 | $320,000 | $160,000 | $4,955 | 2.88% |
| STATE COLLEGE, PA | 1 | $295,000 | $295,000 | $3,975 | 2.99% |
| JOHNSON CITY, TN | 1 | $275,000 | $275,000 | $14,441 | 3.13% |
| SPARTANBURG, SC | 1 | $275,000 | $275,000 | $2,161 | 2.88% |
| THE VILLAGES, FL | 1 | $265,000 | $265,000 | $2,639 | 3.75% |
| CUMBERLAND, MD-WV | 2 | $230,000 | $115,000 | $3,206 | 3.18% |
| LEBANON, PA | 1 | $225,000 | $225,000 | $3,931 | 3.25% |
| LAKELAND-WINTER HAVEN, FL | 1 | $185,000 | $185,000 | $3,060 | 2.49% |
| KINGSPORT-BRISTOL, TN-VA | 1 | $185,000 | $185,000 | $3,675 | 2.88% |
| BRUNSWICK, GA | 1 | $185,000 | $185,000 | $3,364 | 2.75% |
| WHEELING, WV-OH | 1 | $175,000 | $175,000 | $3,560 | 3.25% |
| HUNTINGTON-ASHLAND, WV-KY-OH | 1 | $165,000 | $165,000 | $3,258 | 3.63% |
| TALLAHASSEE, FL | 1 | $155,000 | $155,000 | $3,638 | 3.13% |
| TOLEDO, OH | 1 | $155,000 | $155,000 | $3,559 | 2.99% |
| JOHNSTOWN, PA | 1 | $145,000 | $145,000 | $6,767 | 2.63% |
| BLOOMSBURG-BERWICK, PA | 1 | $105,000 | $105,000 | $2,864 | 2.99% |
George Mason Mortgage 's top markets include Washington, Frederick, Richmond, Baltimore, and Virginia Beach among others.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 7,100 | $2,719,550,000 | $383,035 |
| 2.5-3% | 6,685 | $2,500,085,000 | $373,984 |
| <2.5% | 1,229 | $441,225,000 | $359,011 |
| 4-5% | 367 | $97,145,000 | $264,700 |
| 5-6% | 9 | $2,245,000 | $249,444 |
During 2020, George Mason Mortgage 's average interest rate was 3.15%, while their most frequently originated rate bucket was 3-4%, with 7,100 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 7,239 | $2,159,525,000 | $298,318 | $4,689 | 3.09% |
| $400k-600k | 4,360 | $2,102,220,000 | $482,161 | $5,512 | 3.07% |
| $100k-200k | 1,805 | $288,675,000 | $159,931 | $3,856 | 3.15% |
| $600k-1MM | 1,385 | $984,425,000 | $710,776 | $7,228 | 3.12% |
| $100,000 or less | 444 | $17,730,000 | $39,932 | $1,747 | 3.37% |
| $1MM+ | 157 | $207,675,000 | $1,322,771 | $11,197 | 3.34% |
2020 saw George Mason Mortgage place emphasis on $200k-400k loans with 7,239 originations, totaling $2,159,525,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 2,389 | $906,575,000 | $379,479 | $6,238 | 3.17% |
| $150k-250k | 2,078 | $982,300,000 | $472,714 | $6,223 | 3.17% |
| $50k-75k | 1,644 | $385,720,000 | $234,623 | $5,371 | 3.20% |
| $75k-100k | 1,558 | $477,560,000 | $306,521 | $5,986 | 3.17% |
| $250k+ | 1,014 | $654,520,000 | $645,483 | $6,408 | 3.22% |
| $50k or less | 790 | $157,880,000 | $199,848 | $4,684 | 3.21% |
George Mason Mortgage lent most frequently to those with incomes in the $100k-150k range, with 2,389 originations. The second most popular income band? $150k-250k, with 2,078 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 3,984 | $1,513,950,000 | $380,008 | $4,521 | 3.08% |
| 30-36% | 2,948 | $1,107,660,000 | $375,733 | $4,963 | 3.13% |
| <20% | 1,454 | $527,090,000 | $362,510 | $3,910 | 3.03% |
| 42% | 534 | $198,190,000 | $371,142 | $5,425 | 3.19% |
| 40% | 527 | $189,915,000 | $360,370 | $5,265 | 3.15% |
| 44% | 526 | $175,720,000 | $334,068 | $6,096 | 3.20% |
| 41% | 500 | $187,430,000 | $374,860 | $5,676 | 3.20% |
| 38% | 493 | $187,495,000 | $380,314 | $5,405 | 3.18% |
| 39% | 486 | $175,720,000 | $361,564 | $5,625 | 3.17% |
| 36% | 484 | $174,180,000 | $359,876 | $5,167 | 3.13% |
| 43% | 480 | $163,450,000 | $340,521 | $5,489 | 3.23% |
| 37% | 475 | $169,075,000 | $355,947 | $5,064 | 3.15% |
| 49% | 333 | $125,905,000 | $378,093 | $6,430 | 3.11% |
| 45% | 306 | $106,430,000 | $347,810 | $5,504 | 3.12% |
| 48% | 304 | $109,640,000 | $360,658 | $5,781 | 3.11% |
| 46% | 274 | $99,530,000 | $363,248 | $5,485 | 3.13% |
| 47% | 263 | $92,665,000 | $352,338 | $5,916 | 3.11% |
| 50-60% | 244 | $97,740,000 | $400,574 | $9,834 | 3.01% |
| >60% | 9 | $5,175,000 | $575,000 | $10,674 | 2.98% |
George Mason Mortgage lent most frequently to those with DTI ratios of 20-30%, with 3,984 originations. The next most common DTI ratio? 30-36%, with 2,948 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 10,327 | $3,835,005,000 | $371,357 | $4,917 | 3.11% |
| Not provided | 2,927 | $1,171,455,000 | $400,224 | $5,135 | 3.08% |
| Black | 1,187 | $371,815,000 | $313,239 | $6,051 | 3.21% |
| Asian | 713 | $288,605,000 | $404,776 | $4,840 | 3.02% |
| Asian Indian | 97 | $42,545,000 | $438,608 | $4,658 | 3.02% |
| American Indian | 56 | $18,000,000 | $321,429 | $5,689 | 3.17% |
| Other Asian | 30 | $10,620,000 | $354,000 | $4,726 | 3.13% |
| Native Hawaiian | 16 | $6,770,000 | $423,125 | $5,782 | 3.19% |
| Filipino | 13 | $4,665,000 | $358,846 | $6,719 | 3.12% |
| Korean | 11 | $4,655,000 | $423,182 | $5,637 | 3.02% |
| Vietnamese | 5 | $2,305,000 | $461,000 | $7,361 | 2.83% |
| Chinese | 4 | $1,960,000 | $490,000 | $4,885 | 2.84% |
| Japanese | 1 | $715,000 | $715,000 | $4,569 | 3.63% |
| Native Hawiian | 1 | $485,000 | $485,000 | $4,323 | 3.88% |
| Samoan | 1 | $325,000 | $325,000 | $4,418 | 3.25% |
| Other Pacific Islander | 1 | $325,000 | $325,000 | $3,703 | 2.49% |
Approval Rates
Total approvals of all applications97.47%
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 origination70.78%
George Mason Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 15,390 | $5,760,250,000 | $374,285 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 15,390 | $5,760,250,000 | $374,285 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 485 | $120,215,000 | $247,866 | $3,386 | 2.90% |
| 40-60% | 1,911 | $668,585,000 | $349,861 | $3,628 | 2.97% |
| 60-80% | 5,525 | $2,132,445,000 | $385,963 | $4,006 | 3.13% |
| 80-100% | 6,849 | $2,678,955,000 | $391,145 | $6,027 | 3.13% |
| Over 100% | 339 | $153,275,000 | $452,139 | $15,425 | 2.95% |
| Under 20% | 281 | $6,775,000 | $24,110 | $652 | 3.47% |