The Third Federal Fixer Upper Home Repair Loan is a great option for homeowners who want to make repairs on their home*. The fixed rate of 2.99% APR is much lower than loans from other lenders, plus you get these great benefits:

1. Pay as little as $10 per month
With our low monthly payments, borrowing has never been more affordable.

2. No hidden fees
Plus, we pay all closing costs, saving you thousands of dollars.

3. Borrow as much or as little as you want!
Loan amounts between $1,000-$9,900.


*Available in participating counties in Ohio and Florida

A Third Federal Preapproval, allows you to shop with the piece of mind knowing that you have a fully underwritten preapproval, not just a prequalification. So go ahead and shop for your dream home with a piece of mind that you are approved. 

With a Third Federal HomeReady Purchase Mortgage, you can get a new home loan up to $350,000, depending on location¹. You may also use Third Federal’s approved grants and other funds towards your down payment, plus you get these great benefits:

1. As little as 3% down
   You can put as little as 3% down on a single family home, which can include down payment assistance, gifts, funds or other assistance. And if you have a two-unit home, you only have to contribute 3% of your own funds.²
2. $13,000 down payment assistance
   Through the Home at Last program, you can receive up to $13,000 towards your down payment after you complete an online or in-person home buying education session.³
3. Discount on closing costs
   Get an additional $600 off your closing costs. And if you are a first time home buyer, you can receive $750 towards your closing costs or other expenses like prepaid interest.
4. Free preapproval
   At Third Federal, your preapproval is free and it is good for 60 days.
5. Free counseling session
   There are no out-of-pocket expenses for online home buying counseling sessions.  
6. Lowest fixed rates guaranteed
   At Third Federal, you can get the same rates as conventional loans. We won’t mark-up rates due to down payment amount, credit score, income or other criteria. What you see is what you get. And, if you find a lower rate than ours, we’ll beat it or give you $1,000.⁴
7. $50 Visa^® Prepaid Card
   You can get a $50 Visa^® Prepaid card when you get a TF HomeReady Purchase mortgage.⁵

We also provide free homeownership education that will help you understand the complete home buying process from how much you can afford all the way through your loan closing process.

The programs are available for loan amounts up to $300,000 and borrowers need to meet certain geographic and income requirements to be eligible for down payment assistance.   

*Certain geographic, income and additional requirements must be met for max Down Payment Assistance Funds. Contact a local branch or Customer Care for more details.

And there are more great benefits:

1. No closing costs
   We pay all closing costs which saves you thousands of dollars. The average person saves about $2,700^† in closing costs.
2. Lower monthly payments
   At Third Federal, you can get the same rates as conventional loans. We won’t mark-up rates due to down payment amount, credit score, income or other criteria. What you see is what you get.
3. Lower fixed rates
   With the TF HomeReady Refinance, rates are much lower - about 2.00% APR less – than other refinance programs.
4. Refinance with little equity
   Think you don’t have enough equity in your home to refinance? Think again! At Third Federal, you can refinance even if you have very little equity in your home.
5. $50 Visa^® Prepaid Card
   You can get a $50 Visa^® Prepaid card when you get a TF HomeReady Mortgage Refinance.

Financial Education

Third Federal is a strong proponent of financial education for all age groups and therefore actively seeks out opportunities with nonprofit organizations, schools and civic entities whereby associates can present and facilitate financial education information. Our goal is to educate consumers about the home purchase process and how to best manage their finances. We believe more knowledge positions the borrowers to be successful homeowners and to enjoy long-term financial success. 

HomeToday Seminars

Third Federal’s HomeToday Seminars are a uniquely designed program and partnership with HUD-certified Housing Counseling Providers. By means of a seminar series format that is followed up with one-on-one counseling, HomeToday participants have the opportunity to work on budget, credit, and other personal finance needs via more in depth instruction and follow-up. Eligible graduates of the HomeToday program may be entitled to any applicable and current closing cost and/or down payment assistance provisions offered with mortgage approval at Third Federal.

The HomeToday follow-up one-on-one coaching by Third Federal’s local nonprofit organization partners also makes the program unique, so program delivery of HomeToday may vary throughout the bank’s markets. More important, HomeToday graduates attest the program has positioned them for successful homeownership and personal money management long-term. So why wait? View registration information >

The Third Federal Heritage Home Loan is a great option for homeowners who want to make improvements on homes that are more than 50 years old. Available in participating cities in Cuyahoga County through a partnership with the Cleveland Restoration Society, the Heritage Home Loan can be used for interior and exterior projects that help to preserve the architectural character and increase the value of your property.

Learn more about heritage home and to learn more about the Third Federal Heritage Home loan.