Peace Of Mind.
At George Mason Mortgage our goal is to provide you with peace of mind and eliminate any concerns about rising rates when you purchase a new construction home. Our Extended Rate Protection program options offer you the best of both worlds, long-term rate lock protection up to 270 days with the ability to float down to a lower rate at any time two weeks prior to closing.1
- Up to 180 day lock options with a refundable deposit, applicable at closing.
- 270 day lock with a non-refundable fee.
- Additional lock extensions are available.
- Interest Rate Float Down options available if rates lower.
- All your Construction lending needs under one roof with decades of experience.
Trusted by Builders. Reputation is everything and builders know we get the job done.
If you have your eye on a newly constructed home or a home that’s nearly complete, contact us today about a home loan for newly constructed homes.
The Extended Rate Protection pricing will vary based upon the length of lock. A deposit is required at application. Up to 180 day lock deposit is refundable and applicable to closing costs. Up to 270 day extended rate locks require a 1.00% non-refundable fee. District of Columbia rate lock fees are refundable if the loan does not close. The Extended Rate Protection feature is not available under all programs. 1. The applicant may renegotiate their interest rate one time at least 10 days prior of settlement if rates improve by at least .25%. Additional terms and conditions may apply.
Benefits of Buying a New Home
- Personalization: Customize or upgrade finishes and make your new home, your own.
- Save Money: New appliances and home systems, plus more efficient insulation and windows are less expensive to heat which translates into lower utility bills.
- Less Maintenance: Today's new homes are engineered specifically to minimize maintenance requirements.
Get Started on Your Journey Home
Knowledge Base
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Homebuyer Options
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Moving Checklist
6-8 Weeks Before Moving Budget for moving expenses and obtain estimates from moving companies Call insurance companies to identify record changes Cancel or transfer gym, …
Your Journey Home
Knowing the path will travel together helps the journey go more smoothly. We have outlined some important highlights so you know what to expect along …
Homebuyer Tips
Our goal is to make your home buying experience as smooth as possible. We have highlighted some best practices to help keep your finances in …
Getting Started
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Choosing The Right Down Payment
A down payment is the amount you pay toward the home yourself. You put a percentage of the home’s value down and borrow the rest …
Built Just For You
NEW CONSTRUCTION, CUSTOM HOME & RENOVATION HOME LOANS Our extensive knowledge of the new construction and renovation loan market allows us to offer a wide …
Finding The Right Mortgage
There are many different types of home loans available. The one that’s best for you will depend on your personal financial situation and homeownership goals. …
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 …
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 …
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 …
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 …