Mortgage purchase with third federal

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Mortgage Purchase
A rate promise made
is a rate promise kept.
Mortgage Purchase Rates for December 08, 2019
Cuyahoga County, Ohio
All Mortgage Rates 0 Points
Product Rate APR
5/1 ARM (30 year) 2.84% 3.50%
5/1 ARM (30 year) Low Cost 3.19% 3.57%
5/1 ARM (15 year) 2.74% 3.29%
5/1 ARM (15 year) Low Cost 3.09% 3.39%
Product Rate APR
1 year Bridge Loan 1.99% 2.70%
Product Rate APR
5/1 ARM (30 year) 2.84% 3.45%
5/1 ARM (15 year) 2.74% 3.20%
3/1 ARM (30 year) 2.74% 3.54%
3/1 ARM (15 year) 2.64% 3.36%
5/1 ARM (10 year) 2.64% 2.95%
15 Year Fixed Rate 3.24% 3.28%
30 Year Fixed Rate 3.84% 3.86%
Need Help Finding Your Solution?

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. 

Competitive Mortgage Rates

At Third Federal, we pride ourselves on providing genuine low mortgage rates without any tricks or undisclosed mark-ups. The rates you see here are the rates that you’ll actually get when you apply for a mortgage loan with us.

Purchase Mortgage Rates

 
Mortgage Purchase Rates for December 08, 2019
Cuyahoga County, Ohio
All Mortgage Rates 0 Points
Product Rate APR
5/1 ARM (30 year) 2.84% 3.50%
5/1 ARM (30 year) Low Cost 3.19% 3.57%
5/1 ARM (15 year) 2.74% 3.29%
5/1 ARM (15 year) Low Cost 3.09% 3.39%
Product Rate APR
1 year Bridge Loan 1.99% 2.70%
Product Rate APR
5/1 ARM (30 year) 2.84% 3.45%
5/1 ARM (15 year) 2.74% 3.20%
3/1 ARM (30 year) 2.74% 3.54%
3/1 ARM (15 year) 2.64% 3.36%
5/1 ARM (10 year) 2.64% 2.95%
15 Year Fixed Rate 3.24% 3.28%
30 Year Fixed Rate 3.84% 3.86%

Third Federal Advantage

For more than 80 years, Third Federal has been a leading mortgage lender. Our mortgage rates are among the lowest. And now with our Lowest Rate Guarantee program, if you find a lower purchase mortgage rate, we’ll beat it or pay you $1,000.

Here’s how it works:

Easier:

  • Find a lower rate than ours? We’ll beat it or pay you $1,000.
  • Simply provide us with the other lender’s advertisement, webpage, email, rate sheet, or other documentation of mortgage rates.
  • In most cases, you’ll have a rate decision the same day.
  • And if rates go down further, you can lock again!

Earlier:

  • We can lock your rate at preapproval or before preapproval.
  • We can even lock your rate without an application.
  • We can usually beat and even lock a competitor’s mortgage rate before they can.

Longer:

  • We can lock your rate prior to preapproval, all the way through loan approval. You can lock your rate for as long as 120 days on our standard rate lock or 300 days on our extended rate lock.
View related disclosures
You shouldn’t feel rushed to the find perfect home. That’s why we lock down your rate at preapproval, before you sign a purchase contract or even find a new home! No other lender can offer a rate lock so early in the home buying process, protecting you from rising rates.

Imagine if you could get a mortgage at today’s low rates and not worry about closing costs. With our new Low Cost Mortgages, you can, because you only pay $295 in closing costs. We pay all other closing costs, saving you thousands of dollars. And the interest rate is typically lower than what other lenders charge for their full closing cost loans. So go buy that new couch that’ll look perfect in your new family room!

  • No PMI with 85% loan to value
  • Jumbo loans at discounted rates
  • Available on 10, 15 and 30-year fixed rate and Smart Rate for purchases
Most lenders charge higher rates for "jumbo loans" between $484,300 and $1 million. At Third Federal, we offer discounts on jumbo loans. Because we believe big borrowing deserves more bang for their buck, not less.
This lock goes into effect when you apply, because at Third Federal, we believe you shouldn’t have to pay extra just to get enough time to close your loan. Most lenders only offer a 30-day rate lock. If you close after that time period, your rates could go up. 
You’ll get a 60-day rate lock at preapproval. When you convert to a full application, we offer an additional 60-day standard or 240-day extended rate lock. That’s a rate locked for up to 300 days!
A Third Federal Bridge Loans is a great way to fund the down payment for your new home. And with our bridge loan, you can eliminate your existing home payment so you have only one payment while your house sells. Plus there are no principal and interest payments on your bridge loan for up to 12 months, and there are no application fees, cancellation fees or prepayment penalties
Third Federal is committed to helping communities thrive. With our HomeReady Mortgage Purchase product, you can put as little as 3% down and get up to $3,000 in down payment assistance. To learn more about Community Support or see rates, click here.
Many lenders will transfer your loan to another mortgage company, who may transfer it to another and so on, and so on. That can lead to problems. Fortunately, you don't have to worry about that with Third Federal. We service your loan for the life of your loan. And once it's paid off, we make sure it's cleared off your record, too.
Unlike some lenders, our associates work on a non-commission basis.  So their primary concern is finding the product that’s best for you, our customer, not what benefits them.
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Rated 5 out of 5 by from Easy to down Michelle excellent to work with
Date published: 2019-12-03
Rated 5 out of 5 by from Great Service Cindi Seese was excellent in handling my mortgage needs. I had a small window to get pre-approval for the purchase of a condo ad see was able to get everything completed on time. She was very knowledgeable and helpful.
Date published: 2019-11-25
Rated 5 out of 5 by from Mortgage Great customer service
Date published: 2019-11-22
Rated 5 out of 5 by from Low rates, low costs, fantastic customer service I was initially attracted to Third Federal because they had the best rates and lowest costs that I could find. After applying for a mortgage, my mortgage officer, Michael, was fantastic. He was communicative and very easy to work with. You could tell that he really cared. I highly recommend Third Federal.
Date published: 2019-11-22
Rated 5 out of 5 by from Great customer service Erika S was super.
Date published: 2019-11-21
Rated 5 out of 5 by from Rates and service Appreciate the personal service and that the loan is held inhouse.
Date published: 2019-11-19
Rated 5 out of 5 by from Zero cost Pam at Brunswick branch was very good. The whole process went very smooth and I was very happy with the zero cost loan and the rate
Date published: 2019-11-19
Rated 5 out of 5 by from Great Customer Service Coral Springs Team Responsive, great rates , relock program , home depot gift card :)
Date published: 2019-11-17
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