Loan Options
Extended Rate Protection from George Mason Mortgage

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

New: extended Rate protection + 270 Days If you’re worried about interest rate changes while your home is being built, find out how our newly Extended Rate Protection program can help protect you while your new home takes shape.
  • 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

Get Started on Your Journey Home

Knowledge Base

Essential Checklist for First-Time Homebuyers

Essential Checklist for First-Time Buyers: Your Path to a Successful Mortgage Journey  Buying your first home is an exciting milestone! To ensure a smooth and …

MMP and DC OD - Feature Image-1

DC Open Doors and the Maryland Mortgage Program

DC Open Doors and Maryland Mortgage Program Purchasing a home can be a daunting experience, especially if you’re a first-time homebuyer. One way to make …

9 Tips To Help You Prepare To Purchase - Featured Image-1 (1)

9 Tips To Help You Prepare to Purchase Your First Home

9 Tips to Help You Prepare to Purchase Your First Home Buying your first home is an exciting milestone in life, but it can also …

Greenbelt Home Advantage

Greenbelt Home Advantage

The Maryland Mortgage Program – Greenbelt Home Advantage Are you a renter in the City of Greenbelt? We are excited to share that if you …

Model white house on dollar banknote. Insurance and property inv

What Is A Mortgage Recast?

You have probably heard of refinancing your mortgage as a way to potentially lower your monthly mortgage payments. There is also another possible option called …

Group of young adults laughing and walking down a hallway

How Do Down Payment & Closing Cost Assistance Programs Work?

Who Can Receive Down Payment Assistance? While many down payment assistance programs are often paired with loan options for first-time homebuyers, this is not always …

FHFA 2021 Announcement

FHFA Announces Conforming Loan Limits for 2023

Baseline Conforming Limit Will Increase to $726,200 FHFA Announces Conforming Loan Limits for 2023 | Federal Housing Finance Agency Washington, D.C. – The Federal Housing Finance …

man writing on inspection papers

Home Inspections

Home inspections give you the opportunity to have the home thoroughly examined by a professional before you spend any money to purchase it. Paying for …

jargon spelled out with dice blocks

10 Homebuying Terms Everyone Should Know

Here is a list of frequently used homebuying terms and their definitions. What is an adjustable-rate mortgage (ARM)? An adjustable-rate mortgage is a type of …

women typing on her phone

What Is Commonly Negotiated When Buying A Home?

With homebuying, everything is negotiable, from repairs and closing costs to furniture and appliances. Offers and counteroffers can negotiate on a mix of these factors. …

7 Ways to Stand Out as a Potential Homebuyer

7 Ways to Stand Out as a Potential Homebuyer

With rates near all-time lows, the housing market is buzzing with potential buyers! Low rates mean more affordable payments or more home for your money, …

government building framed with tulips

Virginia Housing Update

Virginia Housing (formerly referred to as VHDA) offers affordable loan programs for Virginians. With the update of Income and Sales Prices in addition to an …

craft houses lined up on canvas background

5 Tips for Making an Offer on a Home

1. Check your emotions Buying a home can be both exciting and stressful. And, after a long home search, it’s easy to overlook some red …

close up house's model on banking account book with calculator, coin and pencil on table for planning of home loan mortgage refinance or retention interest rates , business and financial concept

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 …

The Lowdown on Down Payments & Mortgage Insurance

The Lowdown on Down Payments & Mortgage Insurance

Many first time home buyers believe they must put 20 percent down on a home. But that is far from the truth! In 2019, NAR …

9 Tips for Purchasing Your First Home

9 Tips for Purchasing Your First Home

Beginning the home buying process can be a very exciting, yet nerve-wracking experience for anyone starting off. These tips will help answer some questions to …

Homebuyer Options

Homebuyer Options

Low Down Payment Programs & Grants George Mason Mortgage has the program options to fit your story and our experienced mortgage professionals will help find …

Moving Checklist

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, …

Man and Woman Unpacking Near Welcome Home Welcome Mat, Moving Boxes and Plant.

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 …

Happy married couple in a new house.

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 …

Happy multiethnic family under roof

Getting Started

Whether you are buying your first home, right-sizing now that the kids are gone, navigating the jumbo luxury market, renovating your home, or working with …

Piggy bank on money

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 …

New residential construction home framing against a blue sky.

Built Just For You

NEW CONSTRUCTION | RENOVATION | BRIDGE LOANS If you are looking to build a custom home or make renovations, let George Mason Mortgage help that …

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. …

Scroll to Top