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 September 28, 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 5 out of 5 by from great HELOC rates Great rates and was able to do everything online for approval and come in just for signing. Quick and easy!
Date published: 2020-09-21
Rated 5 out of 5 by from low rates and the cost rates were incredibly competitive and customer service of loan officer and the team was outstanding considering this covid crisis.
Date published: 2020-09-20
Rated 5 out of 5 by from Quality all around This is my second HELOC with Third Federal. Just a quality banking experience all around. Great rate, great service, and great employees.
Date published: 2020-09-20
Rated 5 out of 5 by from Equity Good rates
Date published: 2020-09-19
Rated 5 out of 5 by from Friendly staff Our bank person extremely helpful. At no time did the link in computer allow me access. She called me and handled most things by telephone. Personal touch.
Date published: 2020-09-19
Rated 3 out of 5 by from A long wait excellent rates when compared to other lender offerings, but the processing time was extremely long, and updates from our account representative was sporadic to non existent, and this was not isolated as I obtained both a mortgage refi and home equity product, both with a different bank representative and both separate from each other. The wait was so long for the equity line ( 6+ weeks) that I almost cancelled and went somewhere else. Compare this to Wells Fargo where an equity line takes 5 business days to process.
Date published: 2020-09-18
Rated 4 out of 5 by from Mortgage loan experience Rates were competitive. Local service was good. Underwriting took much to long.
Date published: 2020-09-18
Rated 5 out of 5 by from Low rates I liked that I was able to speak with underwriters to explain items that needed to be addressed.
Date published: 2020-09-15
Rated 5 out of 5 by from Heloc The whole Heloc process was seamless. Stephanie kept me up to date during the entire process, She even notified me when she was going to be out of the office and the name of one of her collegues to contact if I had questions during her absence. I am very pleased with the customer service I received from Third Federal and Stephanie.
Date published: 2020-09-14
Rated 5 out of 5 by from Super Fast Decision! HELOC approved in about 2 weeks. Easy process. Great communications by loan officer.
Date published: 2020-09-14
Rated 5 out of 5 by from best rates and wonderful customer service Rates were the best, my loan officer was incredibly helpful and the process was so easy.
Date published: 2020-09-14
Rated 5 out of 5 by from Straight Forward Straight forward process - online fairly simple and what questions I had were answered promptly.
Date published: 2020-09-14
Rated 5 out of 5 by from Low Rates Rates were much better compared to their competition and the service was very good. Also received answers in a timely manner.
Date published: 2020-09-12
Rated 5 out of 5 by from Low Rates and Service Bank has best home equity rates, with no closing cost, personnel very knowledgeable and professional.
Date published: 2020-09-12
Rated 5 out of 5 by from Low rates Great service
Date published: 2020-09-12
Rated 5 out of 5 by from Good Service Excellant staff to work with
Date published: 2020-09-07
Rated 5 out of 5 by from Low rates. Low cost. Easy to deal with
Date published: 2020-09-05
Rated 5 out of 5 by from Low Rates and Great Service Rates were awesome and the staff were extremely helpful and professional.
Date published: 2020-09-05
Rated 5 out of 5 by from The Best I did my homework and evaluated many lenders for a HELOC. Third Federal not only had the best terms, but the best service as well. The process was transparent, with no surprises and great customer care. Jose was tremendous. Very happy with this decision.
Date published: 2020-09-02
Rated 5 out of 5 by from Great sevice We are very happy with the low rate and great service. And my husband was thrilled about the home depot gift card.
Date published: 2020-09-02
Rated 5 out of 5 by from HELOC mortgage went very well We were impressed with the whole process from beginning to end. The main thing was that when we occasionally needed to speak to a real person it worked well.
Date published: 2020-09-01
Rated 5 out of 5 by from Home Equity Loan Low rates, easy process. Loan officer was helpful
Date published: 2020-09-01
Rated 5 out of 5 by from Efficient and customer centric service Very straightforward and clearly laid out process. Chrissy was knowledgeable and efficient in communication and helped navigate through the entire process.
Date published: 2020-08-29
Rated 5 out of 5 by from Great rate and customer service Our loan officer,Elizabeth was spot on with every issue that came up. She understands what retirees work with in terms of income not always conventional. She assisted between the big cheeses and my wife and I extremely well. I recommend her and third federal to anyone.
Date published: 2020-08-29
Rated 4 out of 5 by from Great rate Great rate but a better understanding of website documents is needed
Date published: 2020-08-29
Rated 5 out of 5 by from Low rate, no cost, plus $100 gift card. I have banked with Third Federal for many years, great service, great people to bank with.
Date published: 2020-08-28
Rated 5 out of 5 by from Excellent customer service I applied for a loan and the loan officer was efficient with a human touch. He kept me informed all along the way, was accurate and prompt. The process was completed ahead of my deadline. Thank You!
Date published: 2020-08-26
Rated 5 out of 5 by from Great rates, easy application The rate for our HELOC was very competitive, the loan application process was very easy.
Date published: 2020-08-25
Rated 5 out of 5 by from Low rates and cost Rates are low and customer service was very good
Date published: 2020-08-25
Rated 4 out of 5 by from Low rates! The rate on our home equity line of credit is amazing, lower than we could find anywhere else. The process was a bit long but very easy.
Date published: 2020-08-25
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