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. (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
12,567Origination Dollar Volume (All Markets)
$5,033,785,000Awards
George Mason Mortgage - 2021
George Mason Mortgage is a 2021 , due to their low .
For 2021, 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) | 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, KY (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% |
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Product Mix
For 2021, George Mason Mortgage's most frequently originated type of loan was Conventional, with 10,133 originations. Their 2nd most popular type was VA, with 1,284 originations.
Loan Reason
For 2021, George Mason Mortgage's most frequently cited loan purpose was Home Purchase, with 7,110 originations. The 2nd most popular reason was Refi, with 3,955 originations.
Loan Duration/Length
For 2021, George Mason Mortgage's most frequently cited loan duration was 30 Year, with 11,125 originations. The 2nd most popular length was 15 Year, with 1,028 originations.
Origination Fees/Closing Costs
George Mason Mortgage's average total fees were $5,880, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.00%, while their most frequently originated rate bucket for loans was 2.5-3%, with 6,523 originations.
Loan Sizing
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
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
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
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
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| GERSHMAN INVESTMENT CORPORATION | FHA mortgage | Closing on a mortgage | 1 | 100.0% |