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 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 85 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.41% | 4/21/24 |
| 30 Year Conventional Refi | 6.45% | 4/21/24 |
| 30 Year Cash-out Refi | 6.70% | 4/21/24 |
| 30 Year FHA Purchase | 7.38% | 4/21/24 |
| 30 Year FHA Refi | 7.02% | 4/21/24 |
| 30 Year VA Purchase | 6.22% | 4/21/24 |
| 30 Year VA Refi | 5.86% | 4/21/24 |
| 30 Year USDA Purchase | 6.49% | 4/21/24 |
| 30 Year USDA Refi | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 5.82% | 4/21/24 |
| 15 Year Conventional Refi | 5.89% | 4/21/24 |
| 15 Year Cash-out Refi | 5.89% | 4/21/24 |
| 15 Year VA Purchase | 6.53% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
8,267Origination Dollar Volume (All Markets)
$3,053,205,000Awards
George Mason Mortgage - 2019
George Mason Mortgage 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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 4,546 | $2,027,820,000 | $446,067 | $6,363 | 4.07% |
| RICHMOND, VA (FHA|USDA|VA) | 1,236 | $327,520,000 | $264,984 | $5,033 | 4.22% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 718 | $208,730,000 | $290,710 | $5,694 | 4.31% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 389 | $115,255,000 | $296,285 | $6,083 | 4.22% |
| Outside of Metro Areas | 267 | $61,815,000 | $231,517 | $5,145 | 4.15% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 135 | $50,905,000 | $377,074 | $4,294 | 4.03% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 174 | $45,240,000 | $260,000 | $4,594 | 4.27% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 68 | $18,950,000 | $278,676 | $3,912 | 4.17% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 73 | $16,935,000 | $231,986 | $4,726 | 4.17% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 68 | $16,720,000 | $245,882 | $4,931 | 4.04% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 46 | $14,180,000 | $308,261 | $5,028 | 4.15% |
| HARRISONBURG, VA (FHA|USDA|VA) | 59 | $13,215,000 | $223,983 | $4,263 | 4.23% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 32 | $10,570,000 | $330,313 | $5,107 | 4.00% |
| STAUNTON, VA (FHA|USDA|VA) | 46 | $8,990,000 | $195,435 | $4,684 | 4.30% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 26 | $8,870,000 | $341,154 | $7,095 | 3.96% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 31 | $7,495,000 | $241,774 | $4,519 | 4.72% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 22 | $7,250,000 | $329,545 | $6,455 | 4.17% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 16 | $6,000,000 | $375,000 | $7,351 | 3.82% |
| Elizabeth City, NC (FHA|USDA|VA) | 26 | $5,990,000 | $230,385 | $6,197 | 4.38% |
| COLUMBIA, SC (FHA|USDA|VA) | 22 | $5,210,000 | $236,818 | $4,756 | 4.47% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 21 | $4,665,000 | $222,143 | $5,644 | 4.33% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 15 | $4,495,000 | $299,667 | $3,069 | 3.95% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 12 | $4,470,000 | $372,500 | $3,414 | 4.06% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 12 | $4,200,000 | $350,000 | $5,013 | 4.07% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 11 | $4,185,000 | $380,455 | $4,969 | 4.37% |
| Easton, MD (FHA|USDA|VA) | 8 | $4,140,000 | $517,500 | $4,277 | 4.11% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 10 | $3,840,000 | $384,000 | $5,899 | 3.74% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 20 | $3,830,000 | $191,500 | $5,338 | 4.11% |
| ROANOKE, VA (FHA|USDA|VA) | 6 | $3,120,000 | $520,000 | $6,534 | 3.67% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 13 | $2,955,000 | $227,308 | $4,701 | 4.73% |
| GETTYSBURG, PA (FHA|USDA|VA) | 10 | $2,630,000 | $263,000 | $6,737 | 3.92% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 6 | $2,600,000 | $433,333 | $5,180 | 4.08% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 8 | $2,580,000 | $322,500 | $5,109 | 4.17% |
| WILMINGTON, NC (FHA|USDA|VA) | 11 | $2,465,000 | $224,091 | $3,615 | 4.18% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 7 | $2,015,000 | $287,857 | $3,361 | 4.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 7 | $1,925,000 | $275,000 | $3,831 | 3.95% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 6 | $1,910,000 | $318,333 | $3,054 | 4.04% |
| LYNCHBURG, VA (FHA|USDA|VA) | 5 | $1,375,000 | $275,000 | $6,084 | 3.72% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 4 | $1,330,000 | $332,500 | $3,774 | 3.91% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,310,000 | $327,500 | $4,150 | 4.06% |
| SAVANNAH, GA (FHA|USDA|VA) | 3 | $1,245,000 | $415,000 | $11,618 | 4.04% |
| LANCASTER, PA (FHA|USDA|VA) | 4 | $1,200,000 | $300,000 | $5,954 | 4.25% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $4,209 | 3.96% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 5 | $865,000 | $173,000 | $4,211 | 4.07% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $4,542 | 4.58% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $4,786 | 3.56% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $6,212 | 4.31% |
| READING, PA (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $5,186 | 3.24% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $4,281 | 4.37% |
| BECKLEY, WV (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $4,531 | 4.46% |
| Boone, NC (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $2,831 | 3.93% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $7,974 | 3.25% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,721 | 3.99% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $4,353 | 3.68% |
| Cambridge, MD (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $4,653 | 4.62% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,085 | 3.49% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,626 | 4.99% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $8,665 | 4.49% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,443 | 3.88% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $11,940 | 4.75% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,791 | 4.63% |
| Seneca, SC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,332 | 3.75% |
| Fairmont, WV (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,158 | 3.49% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,893 | 3.75% |
| Danville, VA (FHA|USDA|VA) | 3 | $205,000 | $68,333 | $3,248 | 4.79% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,604 | 3.88% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,695 | 4.25% |
| Oil City, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,669 | 3.75% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $3,933 | 4.50% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,985 | 4.63% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,218 | 4.13% |
| WHEELING, WV-OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,580 | 4.63% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,072 | 3.99% |
| DOVER, DE (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,473 | 3.88% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,038 | 3.88% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,444 | 4.25% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,407 | 4.75% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,464 | 4.63% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,948 | 4.63% |
| Wilson, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,585 | 5.49% |
| OCALA, FL (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $2,881 | 4.88% |
| Somerset, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,899 | 3.99% |
| Sanford, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,055 | 5.25% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,072 | 4.38% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,992 | 3.13% |
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Product Mix
For 2019, George Mason Mortgage's most frequently originated type of loan was Conventional, with 6,465 originations. Their 2nd most popular type was FHA, with 865 originations.
Loan Reason
For 2019, George Mason Mortgage's most frequently cited loan purpose was Home Purchase, with 6,242 originations. The 2nd most popular reason was Refi, with 1,354 originations.
Loan Duration/Length
For 2019, George Mason Mortgage's most frequently cited loan duration was 30 Year, with 7,575 originations. The 2nd most popular length was 15 Year, with 405 originations.
Origination Fees/Closing Costs
George Mason Mortgage's average total fees were $5,873, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 5,876 originations.
Interest Rates
During 2019, George Mason Mortgage's average interest rate for loans was 4.17%, while their most frequently originated rate bucket for loans was 3-4%, with 4,265 originations.
Loan Sizing
2019 saw George Mason Mortgage place emphasis on $200k-400k loans with 3,577 originations, totaling $1,052,655,000 in origination value.
Applicant Income
George Mason Mortgage lent most frequently to those with incomes in the $100k-150k range, with 1,999 originations. The second most popular income band? $150k-250k, with 1,737 originations.
Applicant Debt to Income Ratio
George Mason Mortgage lent most frequently to those with DTI ratios of 20-30%, with 1,602 originations. The next most common DTI ratio? 30-36%, with 1,538 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.51%
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 origination70.04%
George Mason Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 8,267 | $3,053,205,000 | $369,324 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 8,267 | $3,053,205,000 | $369,324 |