Third Federal Savings Mortgage Passport®
Program Rules

This disclosure contains important information about our Mortgage Passport^® Program. You must accept this offer to be a Mortgage Passport^® Program customer.  The program grants lifetime mortgage loan approval subject to the terms and conditions described below.

1. The Mortgage Passport^® Program is available for the purchase or refinance of your owner-occupied primary residence within Third Federal's lending areas. For a complete list of Third Federal's lending areas and eligible properties, you can access our website at ThirdFederal.com or visit a Third Federal location.

2. All down payment requirements are subject to current Third Federal underwriting guidelines.  A minimum of a 20% down payment or equity position as determined by a satisfactory appraisal on an eligible property will be required on all loans at the time of your Mortgage Passport^® redemption. 

3. Each Mortgage Passport^® loan must be issued in the same name(s) in which your program membership was offered.

4. Your Mortgage Passport^® Program loan approval is contingent upon verification that you (and your co-borrower) have never been a party in a foreclosure proceeding and have not declared bankruptcy since your Mortgage Passport^® was offered.

5. At a minimum, all Mortgage Passport^® customers will be entitled to a 30-year, fixed rate mortgage. Your Mortgage Passport^® can also be redeemed on any Third Federal first-lien position mortgage product available at the time of redemption. The rate/APR that applies to the Mortgage Passport^® customer's loan at redemption will be the then current Third Federal rate available in the property's lending area for the chosen product.