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Home Equity With Third Federal

Opening a home equity line of credit or taking out a home equity loan is a great way to pay for the big things that can improve your family's quality of life, like college tuition, a dream vacation or starting a business. And because you’re borrowing against the value of your home, your interest rate is usually quite low. 

Home Equity Lines vs. Loans

There are two types of home equity products — home equity lines and loans. Both products use the equity you have in your home as collateral, and serve as a second mortgage. A home equity line or loan doesn’t have to be with the same lender that has your first mortgage.

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Home Equity

Home Equity Rates for July 17, 2019
Cuyahoga County, Ohio
All Mortgage Rates 0 Points
Product Rate APR
Home Equity Line of Credit
4.49% 4.49%
Product Rate APR
5/1 Home Equity Loan
5.49% 4.87%
Product Rate APR
10 Year Home Equity Loan
5.19% 5.19%
5 Year Home Equity Loan
5.09% 5.09%
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Rated 5 out of 5 by from Great rate Fantastic rate, no initial draw required, no required checking/savings account with 3rd Federal required, no fee 1st year. Best surprise, as it was totally unexpected, was a $100.00 gift card after closing. Great job!
Date published: 2019-07-12
Rated 5 out of 5 by from Great rates plus an awesome team! I received an equity line of credit promotion in the mail at the time I needed funding for my kitchen remodel. I was apprehensive at first because I receive loan promotional mailings all the time. However, my fears quickly dissipated one I called and began asking questions about the company. My loan officer was very kind and extremely knowledgeable. I learned the company is very solid with employees who had worked there for decades--and who are happy. I did run into a few changes in staff (due to unforeseen circumstances--surgery and office transfer), but I was told of the changes in advance and my transaction was not delayed or affected at all. I chose Third Federal for my equity line due to their great loan rate, my comfort level, and their supportive staff. I'm very pleased with this company and thank the entire team for helping me reach my remodel goal!
Date published: 2019-07-12
Rated 5 out of 5 by from Good rates for the equity loan Great customer service, Pat L. At the Strongsville branch was very helpful and accommodating
Date published: 2019-07-12
Rated 1 out of 5 by from Bad experience I had applied or help to apply more than 20 loans for purchase or refinance. The third federal operates totally differently with other loan companies. It has many very strange requirements. In addition, the closing time is much much longer than others.
Date published: 2019-07-12
Rated 5 out of 5 by from Low rates! Phenomenal service!! The Home Equity Line of Credit (HELOC) loan rates were incredibly low and very competitive!! The customer service was even better!!! Everyone was very professional, friendly and straight-forward. This experience was, by far, incredibly effortless!! I will definitely use Third Federal for any future loan requests.
Date published: 2019-07-12
Rated 5 out of 5 by from Fair intererst rate, customer service very good I had a very good experience in working with Laura at the Third Federal location on Seminole Blvd. Seminole Florida. She was very professional and organized.
Date published: 2019-07-12
Rated 5 out of 5 by from Phenomenal Customer Service Third Federal did a superb job of getting me through the HELOC application process! Everything was super-organized, and there was never any time that I had to wonder "What's next?" All the TF folks I dealt with were courteous, succinct, and ensured I was aware of what to expect. Really and truly one of the best and most well-organized companies I have ever dealt with.
Date published: 2019-07-12
Rated 5 out of 5 by from Low cost Excellent service with great people and great rates
Date published: 2019-07-12
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