Mortgage Lending with Third Federal
We offer several advantages when getting either a fixed or adjustable rate mortagage. Only Third Federal locks your rate at preapproval, before you get a mortgage loan or even find a new home, protecting you from rising rates. And if rates happen to drop even lower while you're looking for a house, you get the lower rate just by asking.
No PMI with as little as 5% down!
Most lenders require you, the borrower, to pay Private Mortgage Insurance (PMI) if you do not put at least 20% down when purchasing a home. And even though you are the one paying the high insurance premium, the policy doesn't protect you. It protects the lender if you default (don't pay your mortgage.)
Third Federal is not like most lenders. We don't believe you should spend money every month on something that usually isn't necessary. That's why we don't require PMI on most loans with as little as 5% down. This will save you thousands over the life of the loan!