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Q. How did I qualify for this program?
A. You qualified because of your outstanding credit history.
Q. What if I no longer have my approval ID?
A. Call us at 1-877-THIRD-NOW. We can take your enrollment over the phone or you can visit one of our branches.
Q. How do I use my Mortgage Passport®?
A. You can use your Mortgage Passport for fast, easy processing of a new mortgage (including new construction) or a mortgage refinance, anytime. Simply give us your Mortgage Passport approval ID (found on your membership card) when you apply for your loan online, by phone, or at any Third Federal location. If you are ready now, click here to initiate your mortgage.
You can also use your Mortgage Passport when negotiating a new home purchase. Simply call us, visit one of our locations, or go online to obtain a Mortgage Passport approval letter for a specific loan amount. Use it to show real estate agents and home sellers that you have approved financing with Third Federal. To print an approval letter, Click Here
Q. How much can I borrow?
A. You may borrow up to Third Federal’s loan limit available at the time of redemption. We do, however, require that you will have at least 20% equity in your property and your down payment meets Third Federal guidelines. Remember, some property types may have a higher down payment requirement. To help you determine the loan amount that's right for you, simply click on Do the Math. Or call or visit one of our locations. We're ready to help.
Q. I just purchased my home or recently refinanced. Why should I keep my Mortgage Passport?
A. This is a LIFETIME approval. So when you are ready to purchase another home or refinance again, whether it's next month or years from now, you will have the peace of mind of knowing that you are already approved.
Q. What program rules should I be aware of?
A. Click on Program Rules for a complete listing of the rules.
Q. Are there extra costs associated with this program?
A. No, absolutely not. There are no extra costs or hidden fees, and you will get consistently low mortgage rates. You have earned the trust and assistance of Third Federal, and we are happy to offer you the ease and convenience of this program at no cost.
Q. Will there ever be a time that I am not approved?
A. As a Mortgage Passport® member, our goal is to stand by you throughout the changes that occur in your lifetime. So no matter how your personal or financial situation changes, you can always count on Third Federal for a mortgage. Your approval is secure as long as you have not been a party in a bankruptcy or foreclosure proceeding, and you meet the Program Rules.
Q. How will I know I am still qualified in 10, 15 or 20 years?
A. You can be sure you still qualify if:
- You and your co-borrower have not declared bankruptcy since your Mortgage Passport was issued.
- You and your co-borrower have never been a party in a foreclosure proceeding.
- You apply in the same name(s) that appears on your Mortgage Passport membership card.
- You intend to occupy the property as your primary residence.
- You will have at least 20% equity in the property and your down payment meets Third Federal's guidelines.
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