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home / about us / community development loans

Community Development Loans

TF HomeReady

The TF HomeReady program offers these great benefits for low to moderate income borrowers. 

  • Low interest rates
  • Low down payments — put as little as 5% down
  • 15 & 30-year fixed rate mortgages — choose the term that is best for you.
  • We Service Our Mortgages:

    It's unusual these days to find a lender that services its own mortgages. Third Federal has never sold the servicing of a single mortgage.


Third Federal understands the power of home ownership. It reinforces family ties. Strengthens communities. And helps you own a part of your neighborhood. Homeownership is something Third Federal would like to help everyone achieve. That’s why we created the HomeToday program.

  • HomeToday is a different kind of community development loan program. Unlike programs offered through other banks, HomeToday combines both innovative lending and education. Our focus on education is designed to enhance the financial literacy skills of program participants. It gives our applicants a much greater chance to achieve long-term, successful homeownership.
  • Since the HomeToday program began in 2001, hundreds of partners have referred more than 13,000 participants to our seminars. Thousands of people have become successful homeowners.
  • Here’s how it works:

    Customers sign up for our exclusive HomeToday financial literacy seminar series held at various locations in our lending markets. The seminars cover a variety of essential topics including the importance of budgeting and saving, how to establish and maintain credit, shopping for the right type of home loan, and much more. Participants then meet one-on-one with a professional credit counselor to create personalized action plans for becoming successful homeowners.

Home At Last

In our Northeast Ohio market, individuals who complete the HomeToday seminar series, meet specific credit criteria and save $1,000 within a three-year period, may become eligible for our Home at Last program. HomeToday seminars must be completed at Third Federal Savings, 7007 Broadway Avenue Cleveland, Ohio in order to qualify for this program.

  • Third Federal’s Home at Last program offers down payment assistance of up to $2,000 and reduced closing costs. Plus, funds can be used in conjunction with other down payment assistance programs.
  • Borrow up to a maximum of $150,000.

The Third Federal HomeToday program also provides applicants with these mortgage benefits:

  • Free Preapprovals:

    Credit approvals are good for 60 days. You can save for your required down payment during this period.
  • Low Interest Rates:

    Applicants receive Third Federal standard rates. No tiered pricing.
  • Discount on Closing Costs:

    Receive up to $600 off standard closing costs.
  • Free Homebuyer Education and Budgeting Counseling:

    Homebuyer and financial literacy training and pre-purchase budget counseling through the various community partners allows Third Federal to offer flexible lending products.
  • We Service Our Mortgages:

    It's unusual these days to find a lender that services its own mortgages. Third Federal has never sold the servicing of a single mortgage.
  • 60-Day Rate Lock:

    Other lenders increase rates if you need more than 30 days to close. Third Federal offers a free standard 60-day rate lock.
  • To learn more about the TF Community Mortgage or HomeToday program, call one of the Third Federal locations listed below:


    Cincinnati 513-612-3100 Cleveland 216-441-7345
    Columbus 614-471-2160 Fairlawn 330-836-8270
    Tampa 813-289-3671 Toll-free 1-800-844-7333