George Mason Mortgage Rates, Fees & Info

Fairfax, VA

LEI: 2549006II76YXSS5XM65

Tax ID: 54-2024584

5 stars - Updated: 3/17/24 - out of 5 stars, based on 74 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

George Mason Mortgage is a small mortgage company specializing in 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 by origination volume include: Washington, Richmond, Baltimore, Hilton Head Island, and Virginia Beach among others. We have data for 90 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 6.41% 3/17/24
30 Year Conventional Refi 6.45% 3/17/24
30 Year Cash-out Refi 6.70% 3/17/24
30 Year FHA Purchase 7.38% 3/17/24
30 Year FHA Refi 7.02% 3/17/24
30 Year VA Purchase 6.22% 3/17/24
30 Year VA Refi 5.86% 3/17/24
30 Year USDA Purchase 6.49% 3/17/24
30 Year USDA Refi 6.27% 3/17/24
15 Year Conventional Purchase 5.82% 3/17/24
15 Year Conventional Refi 5.89% 3/17/24
15 Year Cash-out Refi 5.89% 3/17/24
15 Year VA Purchase 6.53% 3/17/24
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.

George Mason Mortgage Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from George Mason Mortgage. 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

5,547

Origination Dollar Volume (All Markets)

$2,583,145,000
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Relative Rate

George Mason Mortgage's average 30 year fixed mortgage rate was 4.47%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.29%.

Relative Fees (Closing Costs)

George Mason Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $7,433.

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) 2,578 $1,436,290,000 $557,133 $7,999 4.34%
RICHMOND, VA (FHA|USDA|VA) 1,147 $430,125,000 $375,000 $6,983 4.56%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 529 $220,485,000 $416,796 $7,210 4.62%
Outside of Metro Areas 288 $97,810,000 $339,618 $6,114 4.47%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 117 $66,425,000 $567,735 $6,342 4.43%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 175 $58,165,000 $332,371 $7,632 4.09%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 86 $26,300,000 $305,814 $7,046 4.77%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 49 $20,095,000 $410,102 $6,022 4.63%
SALISBURY, MD-DE (FHA|USDA|VA) 37 $20,095,000 $543,108 $7,509 4.22%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 14 $18,130,000 $1,295,000 $9,557 3.97%
STAUNTON, VA (FHA|USDA|VA) 49 $15,065,000 $307,449 $5,753 4.16%
HARRISONBURG, VA (FHA|USDA|VA) 44 $13,730,000 $312,045 $6,182 4.69%
WINCHESTER, VA-WV (FHA|USDA|VA) 35 $12,585,000 $359,571 $7,422 4.57%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 37 $10,645,000 $287,703 $7,227 4.46%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 26 $9,010,000 $346,538 $6,591 4.28%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 14 $7,800,000 $557,143 $6,028 4.07%
YORK-HANOVER, PA (FHA|USDA|VA) 24 $6,790,000 $282,917 $6,188 4.49%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 18 $6,640,000 $368,889 $4,904 4.37%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 15 $6,315,000 $421,000 $3,976 3.82%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 18 $6,040,000 $335,556 $6,955 4.68%
RALEIGH-CARY, NC (FHA|USDA|VA) 11 $5,215,000 $474,091 $5,508 4.42%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 10 $5,140,000 $514,000 $8,880 4.15%
LYNCHBURG, VA (FHA|USDA|VA) 13 $4,715,000 $362,692 $6,352 4.72%
JACKSONVILLE, FL (FHA|USDA|VA) 4 $4,300,000 $1,075,000 $18,862 4.47%
Kill Devil Hills, NC (FHA|USDA|VA) 7 $4,235,000 $605,000 $8,393 5.21%
Easton, MD (FHA|USDA|VA) 8 $4,220,000 $527,500 $5,355 4.42%
GETTYSBURG, PA (FHA|USDA|VA) 14 $4,150,000 $296,429 $9,199 4.75%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 9 $4,025,000 $447,222 $6,215 4.36%
Elizabeth City, NC (FHA|USDA|VA) 14 $4,010,000 $286,429 $9,471 5.06%
Morehead City, NC (FHA|USDA|VA) 14 $3,170,000 $226,429 $5,032 3.96%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 7 $2,925,000 $417,857 $8,081 4.84%
ROANOKE, VA (FHA|USDA|VA) 9 $2,915,000 $323,889 $7,216 5.35%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 2 $2,800,000 $1,400,000 $11,453 3.88%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 9 $2,525,000 $280,556 $9,818 4.40%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 5 $2,435,000 $487,000 $6,583 3.97%
CUMBERLAND, MD-WV (FHA|USDA|VA) 6 $2,360,000 $393,333 $6,751 4.04%
WILMINGTON, NC (FHA|USDA|VA) 3 $2,285,000 $761,667 $9,966 4.25%
ASHEVILLE, NC (FHA|USDA|VA) 5 $2,235,000 $447,000 $4,622 4.72%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 5 $1,855,000 $371,000 $6,778 3.97%
WINSTON-SALEM, NC (FHA|USDA|VA) 4 $1,700,000 $425,000 $3,694 3.47%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 3 $1,625,000 $541,667 $7,292 4.29%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $1,545,000 $515,000 $6,640 3.75%
PITTSBURGH, PA (FHA|USDA|VA) 4 $1,520,000 $380,000 $8,391 4.88%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 4 $1,360,000 $340,000 $4,297 5.97%
Cambridge, MD (FHA|USDA|VA) 2 $1,200,000 $600,000 $4,923 4.63%
OCALA, FL (FHA|USDA|VA) 2 $1,170,000 $585,000 $7,875 3.06%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $985,000 $328,333 $7,672 3.58%
COLUMBUS, OH (FHA|USDA|VA) 3 $985,000 $328,333 $3,354 5.46%
COLUMBIA, SC (FHA|USDA|VA) 4 $980,000 $245,000 $5,591 4.72%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 2 $930,000 $465,000 $9,662 4.25%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 4 $850,000 $212,500 $3,136 4.31%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $755,000 $755,000 $5,948 3.63%
SPARTANBURG, SC (FHA|USDA|VA) 4 $740,000 $185,000 $3,151 4.25%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $710,000 $355,000 $5,407 5.49%
DOVER, DE (FHA|USDA|VA) 2 $650,000 $325,000 $11,856 3.93%
Forest City, NC (FHA|USDA|VA) 1 $625,000 $625,000 $4,535 3.88%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $600,000 $300,000 $6,494 3.13%
NEW BERN, NC (FHA|USDA|VA) 2 $600,000 $300,000 $3,566 5.44%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $590,000 $295,000 $7,686 2.93%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $565,000 $565,000 $4,417 3.13%
LANCASTER, PA (FHA|USDA|VA) 2 $560,000 $280,000 $5,973 3.19%
SAVANNAH, GA (FHA|USDA|VA) 2 $540,000 $270,000 $3,747 3.37%
JACKSONVILLE, NC (FHA|USDA|VA) 4 $470,000 $117,500 $3,681 4.22%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $465,000 $465,000 $10,664 4.88%
North Wilkesboro, NC (FHA|USDA|VA) 1 $435,000 $435,000 $5,736 6.25%
MORGANTOWN, WV (FHA|USDA|VA) 1 $435,000 $435,000 $3,887 3.13%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $405,000 $405,000 $8,335 5.49%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $395,000 $395,000 $10,474 5.75%
Georgetown, SC (FHA|USDA|VA) 2 $390,000 $195,000 $3,252 4.56%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $385,000 $385,000 $10,860 3.75%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $360,000 $180,000 $3,979 4.75%
TOLEDO, OH (FHA|USDA|VA) 1 $295,000 $295,000 $11,023 5.75%
Marion, NC (FHA|USDA|VA) 1 $275,000 $275,000 $6,316 4.75%
Cornelia, GA (FHA|USDA|VA) 1 $255,000 $255,000 $3,795 4.88%
Seneca, SC (FHA|USDA|VA) 1 $255,000 $255,000 $4,056 3.49%
READING, PA (FHA|USDA|VA) 1 $235,000 $235,000 $6,871 1.99%
BRUNSWICK, GA (FHA|USDA|VA) 1 $225,000 $225,000 $3,792 2.99%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $225,000 $225,000 $4,157 6.38%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $215,000 $215,000 $3,900 4.75%
GAINESVILLE, FL (FHA|USDA|VA) 1 $205,000 $205,000 $5,766 6.99%
Elkins, WV (FHA|USDA|VA) 1 $195,000 $195,000 $6,378 3.25%
Boone, NC (FHA|USDA|VA) 1 $185,000 $185,000 $3,525 4.38%
KNOXVILLE, TN (FHA|USDA|VA) 1 $175,000 $175,000 $5,360 5.75%
Campbellsville, KY (FHA|USDA|VA) 1 $165,000 $165,000 $11,187 6.13%
Tifton, GA (FHA|USDA|VA) 1 $145,000 $145,000 $4,562 5.13%
STATE COLLEGE, PA (FHA|USDA|VA) 1 $145,000 $145,000 $0 3.75%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $135,000 $135,000 $3,638 5.63%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.38%
Orangeburg, SC (FHA|USDA|VA) 1 $65,000 $65,000 $5,299 6.38%
Mount Airy, NC (FHA|USDA|VA) 1 $65,000 $65,000 $4,075 6.25%
George Mason Mortgage's top markets include Washington, Richmond, Baltimore, Hilton Head Island, and Virginia Beach 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.

    POINT BREEZE
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,585 $2,180,565,000 $475,587 $6,395 4.46%
    VA 476 $248,680,000 $522,437 $12,946 3.99%
    FHA 415 $135,345,000 $326,133 $11,660 4.62%
    USDA 71 $18,555,000 $261,338 $8,163 4.33%

    For 2022, George Mason Mortgage's most frequently originated type of loan was Conventional, with 4,585 originations. Their 2nd most popular type was VA, with 476 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 4,701 $2,204,635,000 $468,971 $7,690 4.53%
    Refi 447 $233,775,000 $522,987 $5,673 3.70%
    Cash Out Refi 346 $130,650,000 $377,601 $6,126 3.96%
    Home Improvement 29 $6,855,000 $236,379 $4,325 4.25%
    Other 24 $7,230,000 $301,250 $4,858 4.92%

    For 2022, George Mason Mortgage's most frequently cited loan purpose was Home Purchase, with 4,701 originations. The 2nd most popular reason was Refi, with 447 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 4,999 $2,293,465,000 $458,785 $7,433 4.47%
    30+ year 321 $219,555,000 $683,972 $8,626 4.43%
    15 Year 191 $60,795,000 $318,298 $5,001 3.43%
    20 Year 16 $4,070,000 $254,375 $4,715 4.11%
    Other 12 $3,560,000 $296,667 $5,508 3.98%
    10 Year 8 $1,700,000 $212,500 $3,578 3.03%

    For 2022, George Mason Mortgage's most frequently cited loan duration was 30 Year, with 4,999 originations. The 2nd most popular length was 30+ year, with 321 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 3,283 $1,573,975,000 $479,432
    $5k+ 859 $533,335,000 $620,879
    $2k-3k 405 $138,105,000 $341,000
    $3k-4k 375 $140,475,000 $374,600
    $4k-5k 303 $120,505,000 $397,706
    $<1k 108 $21,990,000 $203,611

    George Mason Mortgage's average total fees were $7,433, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3,283 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 2,018 $1,059,390,000 $524,970
    4-5% 1,752 $822,290,000 $469,344
    5-6% 1,068 $404,620,000 $378,858
    6-7% 341 $118,405,000 $347,229
    2.5-3% 279 $143,585,000 $514,642
    <2.5% 59 $24,995,000 $423,644
    7-8% 30 $9,860,000 $328,667

    During 2022, George Mason Mortgage's average interest rate for loans was 4.47%, while their most frequently originated rate bucket for loans was 3-4%, with 2,018 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,243 $671,185,000 $299,235 $6,416 4.57%
    $400k-600k 1,352 $660,090,000 $488,232 $7,673 4.44%
    $600k-1MM 1,017 $747,435,000 $734,941 $9,498 4.13%
    $100k-200k 506 $81,070,000 $160,217 $4,948 4.60%
    $1MM+ 314 $418,700,000 $1,333,439 $11,612 3.97%
    $100,000 or less 115 $4,665,000 $40,565 $1,689 4.87%

    2022 saw George Mason Mortgage place emphasis on $200k-400k loans with 2,243 originations, totaling $671,185,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,394 $577,470,000 $414,254 $7,362 4.53%
    $150k-250k 1,285 $709,615,000 $552,230 $8,033 4.36%
    $250k+ 909 $757,235,000 $833,042 $9,018 4.20%
    $50k-75k 864 $217,340,000 $251,551 $6,152 4.53%
    $75k-100k 820 $270,320,000 $329,659 $6,865 4.58%
    $50k or less 271 $48,745,000 $179,871 $5,417 4.28%

    George Mason Mortgage lent most frequently to those with incomes in the $100k-150k range, with 1,394 originations. The second most popular income band? $150k-250k, with 1,285 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,120 $537,880,000 $480,250 $6,767 4.29%
    30-36% 1,087 $533,635,000 $490,925 $7,019 4.38%
    <20% 318 $165,640,000 $520,881 $6,453 4.11%
    42% 303 $157,965,000 $521,337 $7,990 4.64%
    41% 263 $133,115,000 $506,141 $7,522 4.50%
    39% 259 $119,685,000 $462,104 $7,528 4.44%
    44% 250 $92,860,000 $371,440 $7,500 4.66%
    38% 250 $119,130,000 $476,520 $7,014 4.56%
    40% 239 $108,275,000 $453,033 $7,248 4.53%
    37% 208 $103,380,000 $497,019 $7,690 4.52%
    36% 204 $97,430,000 $477,598 $7,289 4.36%
    43% 196 $70,030,000 $357,296 $6,798 4.60%
    50-60% 188 $81,710,000 $434,628 $12,261 4.31%
    49% 160 $61,870,000 $386,688 $7,887 4.75%
    45% 146 $59,040,000 $404,384 $8,450 4.58%
    48% 126 $47,790,000 $379,286 $8,120 4.56%
    47% 111 $41,365,000 $372,658 $7,796 4.61%
    46% 109 $46,035,000 $422,339 $8,294 4.41%
    >60% 6 $3,890,000 $648,333 $13,886 4.29%

    George Mason Mortgage lent most frequently to those with DTI ratios of 20-30%, with 1,120 originations. The next most common DTI ratio? 30-36%, with 1,087 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,412 $1,623,610,000 $475,853 $7,252 4.39%
    Not provided 1,102 $524,650,000 $476,089 $7,731 4.40%
    Black 688 $259,920,000 $377,791 $7,640 4.71%
    Asian 222 $113,290,000 $510,315 $7,188 4.23%
    Asian Indian 52 $28,340,000 $545,000 $7,869 4.65%
    American Indian 36 $16,360,000 $454,444 $8,795 4.57%
    Other Asian 14 $6,580,000 $470,000 $6,953 4.46%
    Filipino 6 $3,470,000 $578,333 $9,265 4.06%
    Vietnamese 4 $2,330,000 $582,500 $7,480 4.53%
    Native Hawaiian or Islander 5 $1,915,000 $383,000 $9,662 4.23%
    Korean 3 $1,415,000 $471,667 $9,208 3.96%
    Chinese 2 $1,110,000 $555,000 $5,669 4.43%
    Other Pacific Islander 1 $155,000 $155,000 $3,852 4.13%

    Approval Rates

    Total approvals of all applications
    95.62%

    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
    68.18%

    George Mason Mortgage has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 5,547 $2,583,145,000 $465,683

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    5,547 $2,583,145,000 $465,683

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 164 $52,050,000 $317,378 $5,333 4.25%
    40-60% 443 $175,655,000 $396,512 $5,797 4.14%
    60-80% 1,617 $841,945,000 $520,683 $6,913 4.31%
    80-100% 3,091 $1,434,685,000 $464,149 $7,530 4.55%
    Over 100% 145 $73,575,000 $507,414 $20,220 4.02%
    Under 20% 87 $5,235,000 $60,172 $1,296 4.75%