George Mason Mortgage Rates, Fees & Info
Fairfax, VALEI: 2549006II76YXSS5XM65
Tax ID: 54-2024584
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Mortgage Data
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. 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 in 2021-- chances are they are still one in 2022.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 5.53% | 8/7/22 |
| 30 Year Conventional Refi | 5.46% | 8/7/22 |
| 30 Year Cash-out Refi | 5.63% | 8/7/22 |
| 30 Year FHA Purchase | 6.37% | 8/7/22 |
| 30 Year FHA Refi | 6.03% | 8/7/22 |
| 30 Year VA Purchase | 5.19% | 8/7/22 |
| 30 Year VA Refi | 5.04% | 8/7/22 |
| 30 Year USDA Purchase | 5.68% | 8/7/22 |
| 30 Year USDA Refi | 5.64% | 8/7/22 |
| 15 Year Conventional Purchase | 4.35% | 8/7/22 |
| 15 Year Conventional Refi | 4.41% | 8/7/22 |
| 15 Year Cash-out Refi | 4.41% | 8/7/22 |
| 15 Year FHA Refi | 5.51% | 8/7/22 |
| 15 Year VA Purchase | 4.75% | 8/7/22 |
| 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
12,567Origination Dollar Volume (All Markets)
$5,033,785,000Awards
George Mason Mortgage - 2021
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For 2021, less than of lenders were eligible for this award.
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Relative Rate
George Mason Mortgage 's average 30 year fixed rate mortgage of loans were
3%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.15%.
Relative Fees
George Mason Mortgage 's average total fees for a 30 year fixed rate
mortgage are $5,880.
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 $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.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average 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 the 2021 period, George Mason Mortgage 's most frequently originated loan type of loans were Conventional, with 10,133 originations. Their 2nd most popular type is VA, with 1,284 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average 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 the 2021, George Mason Mortgage 's most frequently cited loan purpose of loans were Home Purchase, with 7,110 originations. The 2nd most popular reason of loans were 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 the 2021, George Mason Mortgage 's most frequently cited loan length of loans were 30 Year, with 11,125 originations. The 2nd most popular length of loans were 15 Year, with 1,028 originations.
Origination Fees
| Origination Fee | 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 |
$5,880 of loans were George Mason Mortgage 's average total fees, while their most frequently occuring range of origination fees 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 of loans were 3.00%, while their most frequently originated rate bucket of loans were 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 applications97.50%
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 origination76.44%
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% |
