Home Equity Line of Credit (HELOC) with Third Federal

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Home Equity Line of Credit (HELOC) with Third Federal

Opening a home equity line of credit (HELOC) 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 tuition, home renovations, 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. Home Equity 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.

Click here to Learn More

Home Equity Rates

 
Home Equity Rates for July 12, 2020
Cuyahoga County, Ohio
All Mortgage Rates 0 Points
Product Rate APR
Home Equity Line of Credit 2.99% 2.99%
Product Rate APR
5/1 Home Equity Loan 3.99% 3.51%
Product Rate APR
10 Year Home Equity Loan 3.79% 3.79%
5 Year Home Equity Loan 3.49% 3.49%
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Rated 4 out of 5 by from Where I bank... Even though the Covid affected their customer service, all went as planned finally.
Date published: 2020-07-01
Rated 5 out of 5 by from Line of Credit Worked perfect for my needs
Date published: 2020-07-01
Rated 5 out of 5 by from Low Rate and great customer service Our visit to the branch was safe (all wearing masks) and friendly. The associate (Rachael) whom took care of us was awesome!
Date published: 2020-06-30
Rated 5 out of 5 by from Customer service The customer service we received were outstanding. Although the process took longer time than usual, the loan officer and Third Federal made an effort to make up for the inconvenience.
Date published: 2020-06-30
Rated 4 out of 5 by from Low rate. Welcome packet needs improvement signed up due to low rate. Application process is easy and transparent. Closing process is impressive. Where it start to get confusing is post closing. Welcome packet is almost non-existent.
Date published: 2020-06-27
Rated 5 out of 5 by from The BEST Professional, efficient, accessible and most of all caring. I talked directly to my contact person, Wendy, who is amazing, anytime I needed her. I have already recommended Third Federal and Wendy to a friend who also had a great experience. Thank you Wendy and Third Federal. I appreciate you!
Date published: 2020-06-27
Rated 5 out of 5 by from Great rates and timely service Great rate for a heloc. Good timely service, even in a pandemic!
Date published: 2020-06-27
Rated 5 out of 5 by from Rates, Excellent Service The rates were my first attraction. The loan experience was so easy. The loan officers were wonderful. My experience was so much more personable than regular commercial banking. I had no idea there would be such a difference!
Date published: 2020-06-27
Rated 5 out of 5 by from It was easy and quick The rate surprised. Excellent support during the process. I had a small issue with closing documents, but it was quickly resolved
Date published: 2020-06-26
Rated 5 out of 5 by from Home Equity Line if Credit; Overall service I’ve been a long time Third Federal customer. Your company has always been super easy to deal to with. Professional yet relaxed. This latest transaction went nice and smooth. I remember meeting with my real estate agent and the company that brokered my home sale. I was surprised that my loan officer from Third Federal also came to the meeting to help finalize the deal. The broker was pleasantly surprised and commented at how well Third Federal had helped get the transaction done. Thanks, Third Federal!!
Date published: 2020-06-24
Rated 5 out of 5 by from HELOC Loan Staff was professional and friendly. Definitely felt like a more personal experience than bigger bank and that was great. Overall great experience and friendly staff when we went in to bank to sign documents.
Date published: 2020-06-24
Rated 4 out of 5 by from low cost great customer service
Date published: 2020-06-24
Rated 4 out of 5 by from Great low rate, no cost Rate was best I could find and we already had an equity loan with Third Federal so it was fairly simple. Due to the Covid epidemic our agent wore more than one hat, but we were satisfied with the final result. He patiently worked with us to get the highest loan possible.
Date published: 2020-06-24
Rated 5 out of 5 by from Totally pleased from start to finish My wife and I could not be happier with the products and services we received with our Home Equity line of credit. You kept it simple. Low rate, no fees, fast, friendly service. Thanks. Rob C. From Ridgefield, CT.
Date published: 2020-06-22
Rated 5 out of 5 by from No Fee HELOC This HELOC is customer friendly from the low rate to the draw period to the payback period.
Date published: 2020-06-20
Rated 5 out of 5 by from Review Rates were competitive and my loan officer Karen did an outstanding job.
Date published: 2020-06-18
Rated 5 out of 5 by from Low rate , low cost excelent customer service!
Date published: 2020-06-14
Rated 5 out of 5 by from Excellent service and excellent rates From first inquiry to loan closing, the entire experience was seamless. Michael walked us through the process with great care. Pleased to be doing business with this entire team.
Date published: 2020-06-14
Rated 5 out of 5 by from Lowest rate and cost quality of Customer service is the best in the nation. What a company and what a service!!!
Date published: 2020-06-14
Rated 5 out of 5 by from Smooth Process Excellent experience due to stellar customer service. (Maria) Kept me well informed throughout the process. Exceeded expectations.
Date published: 2020-06-13
Rated 4 out of 5 by from Low rate, low cost, but low tech Best deal I could find on a loan and the process was fairly hassle free. The website and app are very basic and slightly glitchy. I am guessing they are saving money on technology in order to give better rates.
Date published: 2020-06-13
Rated 5 out of 5 by from good rates. Easy to apply Very happy with application process. good rate, too.
Date published: 2020-06-12
Rated 5 out of 5 by from Low Rates & Helpful Staff! Tatyana was amazing through the whole process. They made it very easy and offered the best rate by far, and I did a lot of shopping around!
Date published: 2020-06-08
Rated 5 out of 5 by from Home Equity Loan Low rates and Great customer service.
Date published: 2020-06-08
Rated 2 out of 5 by from Low customer service. We applied to Third Federal savings and loan at first because were buying a vacation home. We were closing in 4 weeks and when I talked to the loan officer at Third Federal savings and loan she said it would be at least 6 weeks. After reviewing for a few days We thought if we didn't get approved we'd just delay closing. I had a problem right up front because the loan officer said our credit score was 40 point lower than our equifax and transunion was. Secondly, our house was valued at $50000 less than it was through Zillow. The worst part though was when we were signing the papers, my middle initial was wrong on the contract. The young lady accused me of signing my name on your application with the wrong letter. I told her I know my name and I would never do that. She continued to blame me for the mistake. She then wanted us to sign the papers with the wrong initial and write 'also known as' on the contract. I called my attorney daughter and she said absolutely do not do that. So after calling somebody, she said we had to go back to the title company to reseach this. I called the title company when I got home and they said within 2 minute they said is was their mistake and they would correct it right away and email the new papers to the bank. The problem was corrected that afternoon and we signed with John at the bank (the manager nor the young lady at the bank wouldn't appologize for accusing me of causing this problem). Secondly, we signed on a tuesday and I told John that we needed the money on Monday to send to our title company to get the Condo and he said it would be no problem because the 3 day resision would be over on Friday. When I went to the bank to transfer the money at 9am I was told the papers were not sent to the title bureau and I couldn't get the money. It was quite a disappointment since the title company was 45 miles away. you corrected the problem and I got the transfer done later in the day and barely made it to the title company in time. Overall not a good experience and not one sign of remorse on the part of third She accused me of signing my name on your application with the wrong letter. I told her I know my name and I would never do that. She continued to blame me for the mistake Third Federal.
Date published: 2020-06-08
Rated 5 out of 5 by from Low rates Great service from Start to finish... first federal has a great Team of employee’s.
Date published: 2020-06-08
Rated 3 out of 5 by from Good rate The rate beats my old equity loan, That is why I switched.
Date published: 2020-06-07
Rated 5 out of 5 by from Low rates, friendly and knowledgeable people Low rates, friendly and knowledgeable people
Date published: 2020-06-07
Rated 5 out of 5 by from Easy HELOC process, low rates The application process was easy and the approval came very quickly. Less than 6 weeks from initial application to closing. My loan officer was very helpful and quick to respond to questions. Great rates, although I wish I'd applied earlier when they were even lower!
Date published: 2020-06-06
Rated 5 out of 5 by from Low rates, quick process, good service From start to finish this was a very good experience. We called for a rate quote, got great information, applied, was approved and went through a full on line process quickly.
Date published: 2020-05-31
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