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EXTENDED RATE LOCK PROGRAM
Lock in a rate - up to six months in advance!
Building the home of your dreams is an exciting and rewarding experience. George Mason Mortgage’s new Extended Rate Lock program aims to make the building process as smooth as possible for borrowers.

The program is designed for a buyer who has contracted a newly constructed home, but the settlement on the property is several months away. The Extended Rate Lock program has a number of key benefits:

  • Interest rates can be locked in up to six months in advance*
  • Borrowers take advantage of today's current low rates
  • Float down options are available

*An upfront deposit of 1% of the loan amount is required on extended locks longer than 90 days. The deposit will be credited toward closing costs. If the application is approved and does not close or if the application is withdrawn, the deposit will not be refunded unless the subject property is located in Washington, D.C.


Contact a GMM Loan Officer for more information. Find a Loan Officer
 

 

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4100 Monument Corner Dr., Suite 100
Fairfax, VA 22030

Toll Free: 800-867-6859

Email Us: info@gmmllc.com

Our Mortgage Loan Originators are registered and comply with the National Mortgage Licensing System (NMLS) and Registry. NMLS Consumer Accesssm, nmlsconsumeraccess.org, is a free service for consumers to confirm that the financial-services company or professional with whom they wish to conduct business is authorized to conduct business in their state. George Mason Mortgage's NMLS ID is 153400.

This is not a commitment to lend. All loan applications are subject to credit and property approval. Annual Percentage Rate (APR), and program, rates, fees, closing costs, terms and conditions are subject to change without notice and may vary depending upon credit history and transaction specifics. Other closing costs may be necessary. Flood and/or property hazard insurance may be required. To be eligible, buyer must meet minimum down payment, underwriting and program guidelines.


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