Mortgage purchase with third federal

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.

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!

View related disclosures

At Third Federal, you can still buy before you sell. Our Bridge Loan allows you to use the equity in your current home to bridge the gap to your new home. 

• You can use the equity in your current home for the down payment on your new home.
• Eliminate your existing home payment, so you have only one payment while you're selling your current house.
• There are no principal or interest payments on your bridge loan for up to 12 months.
• No application fee, cancellation fee or prepayment penalty.

For more information, call our Customer Care Department at 1-800-THIRD-FED (844-7333). View Disclosures

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!

• 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 $510,400 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 rate lock.

Third Federal also offers a 240-Day extended rate lock.

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.