Today, we’ll look closely at “George Mason Mortgage,” a leading mortgage lender in the United States Mid-Atlantic region.
That they are a subsidiary of a large depository, United Bank, distinguishes them. It means they have the support of a large and well-established publicly traded company. Their parent company has been around since 1839, so they have a long history.
If you are interested in George Mason Mortgage, keep reading to find out more.
Table of contents
- About George Mason Mortgage
- What Locations are George Mason Mortgage Active?
- How to Apply for a Mortgage with George Mason
- George Mason Mortgage’s Loan Programs
- What is the Mortgage Rates at George Mason?
- George Mason Mortgage Ratings
- What are the Benefits and Drawbacks?
- What is George Mason mortgage Contact Information?
- Frequently Asked Questions
- Conclusion
- References
- Recommendations
About George Mason Mortgage
George Mason Mortgage is a lender that sells directly to consumers. George Mason Mortgage is a retail, direct-to-consumer mortgage lender primarily focusing on the Mid-Atlantic region.
In 2021, they will have funded more than $5 billion in home loans, with approximately 60% being purchase loans and the rest being mortgage refinances.
Read on P.H.H mortgage here: P.H.H. Mortgage Review 2023: Interest Rates & Plans
What Locations are George Mason Mortgage Active?
They operate in 12 states
- Delaware
- Florida
- Georgia
- Kentucky
- Maryland
- North Carolina
- Ohio
- Pennsylvania
- South Carolina
- Tennessee
- Virginia
- West Virginia, and
- Washington, D.C.
How to Apply for a Mortgage with George Mason
To get started, call them, visit a local retail location, or visit their website. They have about a dozen retail locations in Virginia and a few in Maryland and South Carolina.
You can search for a branch office near you or browse their loan officer directory online. Each loan officer has a webpage with contact information and links to apply or download the free smartphone app.
ICE Mortgage Technology powers their digital mortgage application. It enables you to complete most loan tasks electronically.
This includes the ability to eSign disclosures and closing documents, scan/upload paperwork, and verify assets digitally.
Once they confirm your loan, you can access the online borrower portal to check your loan status and satisfy any special conditions.
Read this article: Trustmark Mortgage Review 2023: Interest Rates & Plans.
George Mason Mortgage’s Loan Programs
- Home purchase loans
- Rate and term refinance loans
- Loans for new construction
- Loans for renovations
- Conformation loans
- FHA loans with high balances
- Jumbo loans up to $3 million
- USDA financing
- Loans from the VA
- Programs to help with down payments and closing costs (grants)
- Virginia home loans (formerly VHDA)
- Loans for asset qualification
You can get almost anything else a mortgage lender offers, home purchase, renovation, and new construction loans. They provide conventional loans with low down payments.
Also available are high balance and jumbo loans with a loan amount of up to $3 million. Self-employed or retired can qualify using their assets rather than their income.
You can also get a zero-down mortgage through the VA or USDA and a 3.5% down FHA loan.
You would enjoy reading: Ruoff Home Mortgage Review 2023: Interest Rates & Plans.
What is the Mortgage Rates at George Mason?
Like many other lenders, George Mason Mortgage does not publish mortgage rates on its website.
While it’s nice to see daily rates on a lender’s website, they’re often just samples based on many assumptions that may not apply to your specific loan scenario.
You will need to contact a loan officer to get pricing. After that, inquire about any required lender fees.
It needs to be clarified whether they charge a loan origination fee or separate underwriting and processing fees. So take the time to find out.
Since you are interested in mortgages, read Huntington Mortgage Review 2023: Interest Rates & Plans.
George Mason Mortgage Ratings
George Mason Mortgage has a stellar 4.98-star rating out of a five from over 2,000 customer reviews on Zillow. Aside from having a near-perfect score, many people report that the interest rate and closing costs were lower than expected, which is a big plus.
They also have a 4.4-star rating from approximately 100 Google reviews and a less favorable 3.5 rating from about 50 Yelp reviews.
Finally, while the Better Business Bureau (BBB does not accredit them), they have an ‘A-‘ based on complaint history. They also have a 4.7/5 rating from customers on the BBB website.
To summarize, George Mason Mortgage takes pride in its backing by a large depository bank, and each branch has in-house mortgage operations.
They also consider themselves a local lender that uses innovative technology to make mortgages less painful. George Mason Mortgage Loan has a variety of loan programs to meet your needs, whether you are a first-time homebuyer or building your dream home.
Check out this article: GMFS Mortgage Review 2023: Interest Rates & Plans.
What are the Benefits and Drawbacks?
Even though George Mason is ranked high for its benefits, drawbacks would also be included. They are listed below.
Benefits
- They have many physical branches in the state of Virginia.
- Their units have in-house underwriting and processing.
- They provide a mostly paperless home loan process.
- You can apply for a mortgage online or in person.
- They have a free app for smartphones
- There are many loan programs to choose from.
- Excellent customer feedback ‘A-‘ Rating from the Better Business Bureau
- Access to mortgage calculators and a mortgage glossary is available for free.
Drawbacks
- George Mason mortgage does not publish mortgage rates or lender fees on the internet.
- Their pricing, cost, and fees are also kept private.
You would enjoy reading: Roundpoint Mortgage Review in 2023: Interest Rates & Plans.
What is George Mason mortgage Contact Information?
Address
- 4100 Monument Corner Drive
- Suite 100
- Fairfax, VA 22030
Call the office
- (800) 867-6859
Website
Frequently Asked Questions
George Mason Mortgage has received 3.5 stars out of 47 reviews.
George Mason Mortgage can be found at 4100 Monument Corner Dr in Fairfax, Virginia.
Being mortgage-free can make it easier to downsize in other ways, such as working part-time, and it usually makes buying and selling a home cheaper and more accessible. A smaller mortgage gives you more freedom and security in general.
At age 45, at least. According to O’Leary, you should aim to have everything paid off by 45, from student loans to credit card debt.
It depends. Try to compare George Mason mortgage loans with other mortgage providers to ensure that it is the best option for you.
Conclusion
George Mason Mortgage is a proud partner of Homestretch Inc., a non-profit organization that assists homeless families with children. They also offer comprehensive services such as credit counseling, employment counseling, case management, child care supportive services, ESL, etc.
References
- https://www.zillow.com
- https://www.thetruthaboutmortgage.com
- https://www.gmmllc.com
- https://www.supermoney.com
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