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 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 by origination volume include: Washington, Richmond, Baltimore, Virginia Beach, and Hilton Head Island among others. We have data for 114 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% | 11/17/24 |
| 30 Year Conventional Refi | 6.45% | 11/17/24 |
| 30 Year Cash-out Refi | 6.70% | 11/17/24 |
| 30 Year FHA Purchase | 7.38% | 11/17/24 |
| 30 Year FHA Refi | 7.02% | 11/17/24 |
| 30 Year VA Purchase | 6.22% | 11/17/24 |
| 30 Year VA Refi | 5.86% | 11/17/24 |
| 30 Year USDA Purchase | 6.49% | 11/17/24 |
| 30 Year USDA Refi | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 5.82% | 11/17/24 |
| 15 Year Conventional Refi | 5.89% | 11/17/24 |
| 15 Year Cash-out Refi | 5.89% | 11/17/24 |
| 15 Year VA Purchase | 6.53% | 11/17/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
15,390Origination Dollar Volume (All Markets)
$5,760,250,000Awards
George Mason Mortgage - 2020
George Mason Mortgage is a 2020 , due to their low .
For 2020, 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) | 8,973 | $3,874,585,000 | $431,805 | $5,246 | 3.10% |
| RICHMOND, VA (FHA|USDA|VA) | 1,914 | $518,180,000 | $270,731 | $4,777 | 3.16% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1,406 | $465,430,000 | $331,031 | $4,874 | 3.11% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 694 | $212,670,000 | $306,441 | $5,740 | 3.11% |
| Outside of Metro Areas | 477 | $120,965,000 | $253,595 | $4,859 | 3.09% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 231 | $83,905,000 | $363,225 | $3,846 | 3.13% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 160 | $51,840,000 | $324,000 | $3,231 | 3.07% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 138 | $38,880,000 | $281,739 | $4,281 | 3.10% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 173 | $38,055,000 | $219,971 | $4,518 | 3.07% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 97 | $33,025,000 | $340,464 | $4,469 | 3.05% |
| HARRISONBURG, VA (FHA|USDA|VA) | 125 | $29,885,000 | $239,080 | $3,975 | 3.10% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 91 | $28,875,000 | $317,308 | $3,976 | 3.10% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 95 | $27,925,000 | $293,947 | $4,177 | 3.13% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 69 | $23,265,000 | $337,174 | $5,687 | 3.06% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 37 | $12,835,000 | $346,892 | $3,703 | 3.02% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 42 | $12,580,000 | $299,524 | $4,942 | 3.05% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 46 | $11,020,000 | $239,565 | $5,646 | 3.09% |
| STAUNTON, VA (FHA|USDA|VA) | 45 | $10,435,000 | $231,889 | $5,140 | 3.17% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 33 | $10,305,000 | $312,273 | $4,864 | 3.09% |
| Elizabeth City, NC (FHA|USDA|VA) | 43 | $9,585,000 | $222,907 | $6,206 | 3.02% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 22 | $8,270,000 | $375,909 | $4,710 | 2.92% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 28 | $8,030,000 | $286,786 | $3,786 | 3.12% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 24 | $7,930,000 | $330,417 | $4,187 | 3.06% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 25 | $7,525,000 | $301,000 | $3,279 | 3.02% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 30 | $6,580,000 | $219,333 | $5,159 | 2.96% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 23 | $6,485,000 | $281,957 | $4,849 | 3.06% |
| LYNCHBURG, VA (FHA|USDA|VA) | 22 | $5,750,000 | $261,364 | $4,150 | 2.98% |
| WILMINGTON, NC (FHA|USDA|VA) | 12 | $5,460,000 | $455,000 | $3,177 | 3.11% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 14 | $5,230,000 | $373,571 | $6,009 | 3.01% |
| Morehead City, NC (FHA|USDA|VA) | 11 | $5,135,000 | $466,818 | $4,275 | 3.19% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 16 | $4,820,000 | $301,250 | $4,421 | 3.28% |
| Easton, MD (FHA|USDA|VA) | 8 | $3,750,000 | $468,750 | $4,443 | 3.29% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 13 | $3,655,000 | $281,154 | $2,970 | 2.95% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 11 | $3,605,000 | $327,727 | $5,960 | 2.83% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 10 | $3,360,000 | $336,000 | $3,391 | 3.05% |
| GETTYSBURG, PA (FHA|USDA|VA) | 14 | $3,150,000 | $225,000 | $5,590 | 3.11% |
| ROANOKE, VA (FHA|USDA|VA) | 9 | $2,925,000 | $325,000 | $3,999 | 3.08% |
| PITTSBURGH, PA (FHA|USDA|VA) | 11 | $2,705,000 | $245,909 | $4,170 | 3.02% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 9 | $2,535,000 | $281,667 | $5,338 | 3.12% |
| COLUMBIA, SC (FHA|USDA|VA) | 10 | $2,310,000 | $231,000 | $2,703 | 3.17% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 5 | $1,985,000 | $397,000 | $7,528 | 2.92% |
| ASHEVILLE, NC (FHA|USDA|VA) | 5 | $1,795,000 | $359,000 | $3,918 | 2.92% |
| Cambridge, MD (FHA|USDA|VA) | 8 | $1,790,000 | $223,750 | $3,951 | 3.11% |
| DOVER, DE (FHA|USDA|VA) | 5 | $1,765,000 | $353,000 | $7,633 | 2.83% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 9 | $1,725,000 | $191,667 | $4,047 | 3.29% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 13 | $1,725,000 | $132,692 | $3,755 | 2.74% |
| GREENVILLE, NC (FHA|USDA|VA) | 5 | $1,715,000 | $343,000 | $2,889 | 3.05% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 4 | $1,600,000 | $400,000 | $5,818 | 3.00% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 5 | $1,585,000 | $317,000 | $2,370 | 3.03% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 4 | $1,490,000 | $372,500 | $5,404 | 2.84% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $1,270,000 | $635,000 | $7,491 | 3.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $1,265,000 | $253,000 | $4,412 | 2.85% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 4 | $1,100,000 | $275,000 | $5,579 | 2.84% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 4 | $1,080,000 | $270,000 | $2,878 | 3.09% |
| LOUISVILLE, KY (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $3,597 | 3.32% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $4,111 | 2.79% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 4 | $910,000 | $227,500 | $9,510 | 3.28% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $3,205 | 2.75% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $6,040 | 3.29% |
| Boone, NC (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $3,802 | 3.25% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $5,407 | 2.88% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $9,340 | 3.06% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $4,280 | 2.79% |
| Danville, VA (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $3,364 | 3.42% |
| LANCASTER, PA (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $4,010 | 2.87% |
| OCALA, FL (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $4,180 | 3.37% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $3,119 | 2.75% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $4,103 | 3.50% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $3,783 | 2.99% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $4,109 | 3.25% |
| Key West, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $5,948 | 3.25% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $4,367 | 3.38% |
| Sevierville, TN (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $4,448 | 3.13% |
| BURLINGTON, NC (FHA|USDA|VA) | 4 | $480,000 | $120,000 | $2,746 | 3.40% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $4,574 | 3.63% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $2,954 | 2.81% |
| NEW BERN, NC (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $2,860 | 2.62% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $2,658 | 2.69% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,956 | 2.75% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,584 | 2.38% |
| MORGANTOWN, WV (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $3,622 | 3.12% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $2,969 | 3.13% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,405 | 2.99% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,625 | 3.25% |
| READING, PA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $3,853 | 3.38% |
| Shelby, NC (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $2,230 | 3.06% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $5,639 | 3.25% |
| Washington, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,916 | 2.75% |
| Ashtabula, OH (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,870 | 2.99% |
| GOLDSBORO, NC (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $4,955 | 2.88% |
| Clarksburg, WV (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,096 | 2.93% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,975 | 2.99% |
| Sandusky, OH (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,217 | 2.99% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,161 | 2.88% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $14,441 | 3.13% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,639 | 3.75% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,551 | 2.63% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $3,206 | 3.18% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,931 | 3.25% |
| Mount Airy, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,137 | 2.75% |
| Henderson, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,455 | 2.75% |
| Fairmont, WV (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,099 | 2.99% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,675 | 2.88% |
| Selinsgrove, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,868 | 2.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,060 | 2.49% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,364 | 2.75% |
| WHEELING, WV-OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,560 | 3.25% |
| Newberry, SC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,600 | 3.00% |
| Wooster, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,884 | 3.49% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,258 | 3.63% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,638 | 3.13% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,559 | 2.99% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,767 | 2.63% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,864 | 2.99% |
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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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Product Mix
For 2020, George Mason Mortgage's most frequently originated type of loan was Conventional, with 12,640 originations. Their 2nd most popular type was VA, with 1,569 originations.
Loan Reason
For 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
For 2020, George Mason Mortgage's most frequently cited loan duration was 30 Year, with 13,423 originations. The 2nd most popular length was 15 Year, with 1,282 originations.
Origination Fees/Closing Costs
George Mason Mortgage's average total fees were $5,211, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 12,137 originations.
Interest Rates
During 2020, George Mason Mortgage's average interest rate for loans was 3.14%, while their most frequently originated rate bucket for loans was 3-4%, with 7,100 originations.
Loan Sizing
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
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
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
Approval Rates
Total approvals of all applications97.93%
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 origination71.95%
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 |