Mortgage purchase with third federal

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Mortgage Purchase
A rate promise made
is a rate promise kept.
Mortgage Purchase Rates for May 30, 2020
Cuyahoga County, Ohio
All Mortgage Rates 0 Points
Product Rate APR
5/1 ARM (30 year) 2.64% 3.11%
5/1 ARM (30 year) Low Cost 2.99% 3.17%
5/1 ARM (15 year) 2.54% 2.97%
5/1 ARM (15 year) Low Cost 2.89% 3.07%
Product Rate APR
1 year Bridge Loan 2.99% 3.70%
Product Rate APR
5/1 ARM (30 year) 2.64% 3.06%
5/1 ARM (15 year) 2.54% 2.87%
3/1 ARM (30 year) 2.59% 3.12%
3/1 ARM (15 year) 2.49% 2.99%
5/1 ARM (10 year) 2.54% 2.76%
15 Year Fixed Rate 3.04% 3.08%
30 Year Fixed Rate 3.24% 3.26%
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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.  

Purchase Mortgage Rates

 
Mortgage Purchase Rates for May 30, 2020
Cuyahoga County, Ohio
All Mortgage Rates 0 Points
Product Rate APR
5/1 ARM (30 year) 2.64% 3.11%
5/1 ARM (30 year) Low Cost 2.99% 3.17%
5/1 ARM (15 year) 2.54% 2.97%
5/1 ARM (15 year) Low Cost 2.89% 3.07%
Product Rate APR
1 year Bridge Loan 2.99% 3.70%
Product Rate APR
5/1 ARM (30 year) 2.64% 3.06%
5/1 ARM (15 year) 2.54% 2.87%
3/1 ARM (30 year) 2.59% 3.12%
3/1 ARM (15 year) 2.49% 2.99%
5/1 ARM (10 year) 2.54% 2.76%
15 Year Fixed Rate 3.04% 3.08%
30 Year Fixed Rate 3.24% 3.26%

Third Federal Advantage

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

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 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 Great Loan Officer Rates were good but Sandra my loan officer was a seasoned professional that made things run smoothly through the entire transaction.
Date published: 2020-04-01
Rated 5 out of 5 by from Construction Loan Interest rate is excellent. Customer service was awesome. Thanks again to Linda who was with us from start to finish.
Date published: 2020-04-01
Rated 5 out of 5 by from Excellent and fast Rates were great and the people I dealt with were very professional and very accessible.
Date published: 2020-03-31
Rated 5 out of 5 by from Good Yes.
Date published: 2020-03-30
Rated 5 out of 5 by from Low rates Great customer service
Date published: 2020-03-30
Rated 3 out of 5 by from Rates are among the lowest. Would only recommend based on the super low rates. Customer service is only fair at best. Loan agent needs a fully informed back up person. When she was on vacation, no one could answer my questions. I was told I needed flood insurance "before" my loan was even approved, which made no sense. I actually only needed a quote which was not clearly explained at all. When my online checking account was opened by the agent I couldn't fund it online. I had to physically go to the bank and deposit a paper check. A very antiquated process.
Date published: 2020-03-27
Rated 5 out of 5 by from My New Favorite Bank Everyone I dealt with at Third Federal was so kind and competent, I just wanted to move my car loan over there. But they don't do car loans--just mortgages. And that's maybe why they are so good at it. Everything fell into place as smooth as could be. I personally was so relieved, since it was my first home-buying experience. I highly recommend this bank.
Date published: 2020-03-25
Rated 5 out of 5 by from Excellent service and attention to rate changes. I work with Mary out of the Avon Office and could not have gotten better service. This was my first experience with buying a home and acquiring a home loan. She was extremely helpful with walking me through the process and helping me to understand it.
Date published: 2020-03-24
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Mortgage purchase promotion