Loan Options

Bridge Loans

Our Bridge Loan Can Help You Get Into Your New Home

George Mason Mortgage’s Bridge Loan1 is temporary financing that enables a buyer to access the equity in their current home, prior to its sale, to help with the purchase of a new home. In today’s market, our bridge loan can be a reasonable down payment option on a new home and funds from this type of financing are secured on the existing property.

How Does a Bridge Loan Work?

  • Gives you access to the equity in your current home
  • Pays off any existing liens on your current property
  • Allows you to pay only the interest on the bridge loan while making mortgage payments on the new home2
  • Is paid off when your current property sells3

Benefits of a Bridge Loan

1. Bridge loans are available to borrowers who use George Mason Mortgage for the new home purchase loan or all cash purchase transactions. 2. Required to qualify independently for both payments. 3. Fulfillment of bridge loan terms dependent on equity available at sale of subject property.

Get Started on Your Journey Home

Knowledge Base

2021 – The Year For The Home Buyer And Seller

By: David H Stevens, CMB In my almost forty years in the real estate and mortgage finance business, there have been a variety of cycles …

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Building

David H. Stevens Named New Advisor to the George Mason Mortgage Board of Directors

David H. Stevens, CMB, (Dave) is a 36 year veteran of the Mortgage Banking industry. Dave served as the President and CEO of the Mortgage …

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What to Expect From a Biden Regime

David H Stevens, CMB is the CEO of Mountain Lake Consulting, Inc and an advisor to George Mason Mortgage. David was the CEO of the …

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The Federal Reserve, the Housing Market, and Mortgage Rates

The housing economy is one of the remarkable stories we will remember about the COVID experience in the USA. In March when the nation shut …

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FHFA Announces Conforming Loan Limits for 2021

Fannie Mae and Freddie Mac Baseline Limit Will Increase to $548,250 Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan …

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Have You Heard? Refinance and Remove FHA Mortgage Insurance

Refinancing your FHA loan to a conventional mortgage may clear room in your monthly budget, especially with interest rates hovering at historic lows. FHA Mortgage …

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