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

Your Journey Home

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Getting Started

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Choosing The Right Down Payment

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Built Just For You

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Finding The Right Mortgage

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Know Your Credit Score

When applying for a mortgage loan, your credit score will be one of the key factors in whether you’re approved and it will help determine …

Get Your Cash Back

Paying cash for a home has benefits. Take advantage of being a cash buyer to give the seller confidence the transaction will close quickly and …

Refinance & Renovate

Refinance & Renovate

If you are having a difficult time finding a new home with limited inventory in today’s market, have you considered renovating your current home? We …

Tips for Saving for a Down Payment

6 Tips for Saving For Your Down Payment

Before you can make the transition from renting your home to owning your home, you will need to have a down payment, typically 3 to …

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Credit Tips for First Time Homebuyers

When applying for a mortgage loan, your credit will be one of the key factors in whether you’re approved, and it will help determine your …

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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. Removing FHA …

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Homebuyer Tips

Our goal is to make your home buying experience as seamless as possible. We have highlighted some key guidelines to help keep your finances in …

Local Mortgage Lender

Appraisal Methods

When you’re buying a home using a mortgage, refinancing your existing mortgage or selling your home to anyone other than an all-cash buyer, the home …

To Do After Closing

To Do After Closing

After you finish signing at the closing of your new home, you’re handed the keys and the house is officially yours! But, there are some …

Regional Mortgage Lender

Why Use a Local/Regional Mortgage Lender?

Buying a home will likely be the biggest purchase you will ever make in your life. Finally moving into your new home will be a …

Homeowners Insurance

Homeowners Insurance

Homeowners insurance or home insurance is typically required for anyone who takes out a mortgage to buy a home. Prior to closing on a mortgage, …

Tax Deduction Documents

Tax Deduction Documents For A Home Mortgage

When you buy a home, there may be tax deduction benefits. These include possible mortgage interest and points you paid to receive a lower interest …

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5 Important Questions When Choosing Your First Home

Buying your own home can be exciting and frightening at the same time. George Mason Mortgage suggests considering the following questions when choosing your first …

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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 …

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

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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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

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