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Mortgage Purchase
A rate promise made
is a rate promise kept.
Mortgage Purchase Rates for July 17, 2019
Cuyahoga County, Ohio
All Mortgage Rates 0 Points
Product Rate APR
5/1 (30 year) Smart Rate 3.14% 4.08%
5/1 (30 year) Low Cost Smart Rate 3.49% 4.15%
5/1 (15 year) Smart Rate 3.04% 3.77%
5/1 (15 year) Low Cost Smart Rate 3.39% 3.88%
Product Rate APR
3/1 (15 year) Low Cost Smart Rate 3.24% 4.04%
5/1 (15 year) Low Cost Smart Rate 3.39% 3.88%
3/1 (30 year) Low Cost Smart Rate 3.34% 4.25%
5/1 (30 year) Low Cost Smart Rate 3.49% 4.15%
10 Year Low Cost Fixed Rate 3.49% 3.53%
15 Year Low Cost Fixed Rate 3.59% 3.62%
30 Year Low Cost Fixed Rate 3.95% 3.97%
Product Rate APR
1 year Bridge Loan
2.99% 3.70%
Product Rate APR
10 Year Fixed Rate 3.09% 3.28%
10 Year Low Cost Fixed Rate 3.49% 3.53%
15 Year Fixed Rate 3.29% 3.42%
15 Year Low Cost Fixed Rate 3.59% 3.62%
30 Year Fixed Rate 3.65% 3.72%
30 Year Low Cost Fixed Rate 3.95% 3.97%
Product Rate APR
5/1 (30 year) Smart Rate 3.14% 4.03%
5/1 (15 year) Smart Rate 3.04% 3.68%
3/1 (30 year) Smart Rate 2.99% 4.17%
3/1 (15 year) Smart Rate 2.89% 3.91%
5/1 (10 year) Smart Rate 2.94% 3.36%
15 Year Fixed Rate 3.54% 3.58%
30 Year Fixed Rate 3.90% 3.92%
Need Help Finding Your Solution?

Mortgage Purchase with Third Federal

We offer several advantages when you’re buying or building a home. Only Third Federal locks your rate at preapproval, before you sign a purchase contract or even find a new home, protecting you from rising rates. And if rates should fall while you're shopping for a home, no worries. We’ll let you float down to the new lower rate for free, all you have to do is ask. 

Competitive Rates

At Third Federal, we pride ourselves on providing genuine low 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 loan with us.

Mortgage Purchase

 
Early Approval Bird HiRes NoWords3

Thinking about buying a new home?

The early bird gets the best nest. Get approved early and save thousands!

Learn More

Mortgage Purchase Rates for July 17, 2019
Cuyahoga County, Ohio
All Mortgage Rates 0 Points
Product Rate APR
5/1 (30 year) Smart Rate 3.14% 4.08%
5/1 (30 year) Low Cost Smart Rate 3.49% 4.15%
5/1 (15 year) Smart Rate 3.04% 3.77%
5/1 (15 year) Low Cost Smart Rate 3.39% 3.88%
Product Rate APR
3/1 (15 year) Low Cost Smart Rate 3.24% 4.04%
5/1 (15 year) Low Cost Smart Rate 3.39% 3.88%
3/1 (30 year) Low Cost Smart Rate 3.34% 4.25%
5/1 (30 year) Low Cost Smart Rate 3.49% 4.15%
10 Year Low Cost Fixed Rate 3.49% 3.53%
15 Year Low Cost Fixed Rate 3.59% 3.62%
30 Year Low Cost Fixed Rate 3.95% 3.97%
Product Rate APR
1 year Bridge Loan
2.99% 3.70%
Product Rate APR
10 Year Fixed Rate 3.09% 3.28%
10 Year Low Cost Fixed Rate 3.49% 3.53%
15 Year Fixed Rate 3.29% 3.42%
15 Year Low Cost Fixed Rate 3.59% 3.62%
30 Year Fixed Rate 3.65% 3.72%
30 Year Low Cost Fixed Rate 3.95% 3.97%
Product Rate APR
5/1 (30 year) Smart Rate 3.14% 4.03%
5/1 (15 year) Smart Rate 3.04% 3.68%
3/1 (30 year) Smart Rate 2.99% 4.17%
3/1 (15 year) Smart Rate 2.89% 3.91%
5/1 (10 year) Smart Rate 2.94% 3.36%
15 Year Fixed Rate 3.54% 3.58%
30 Year Fixed Rate 3.90% 3.92%

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 low interest rate the people that I dealt with were excellent and I received a gift card just for using you for the purchase of my house. very touching
Date published: 2019-07-08
Rated 3 out of 5 by from Customer Service My parents and I had third federal before and it was great experience that is the main reason why I choose it again. I had hard time dealing with the loan officer on multiple occasions (ex: proof of employment was not received on time and no one notified me, and once I told her that she needs to contact our HR department and that they need to send over a form with my signature "form of the release of information" she got all defensive and said that she doesn't work for that department, second time it was when preliminary closing costs were calculated and I tried to understand the fees (like any normal person would be once writing a big check like that) the address was wrong it was pulling in Hudson taxes and once I told her about it she got defensive again how it is only a preliminary calculation never admitting the mistake, even though I kept telling her its the wrong address the paperwork was emailed to me and to the title agency with wrong information. Third time was after the closing and everything no one explained to us how will the payment be withdrawn from our account, no one asked for the account information I had to call and talk to three people before they said that they will email me with instructions. Other stuff were going on when I had to call multiple times to resolve something, I felt like there was a lack of communication and that my loan officer didn't really make it an easier experience. If I didn't pay attention we wouldn't be able to close on time, the wrong address would be on the paperwork and we would probably miss the first payment.
Date published: 2019-07-08
Rated 5 out of 5 by from Low rates and low costs Rates were low and representative was great
Date published: 2019-07-08
Rated 5 out of 5 by from Wonderful Service Great rates and wonderful service. The entire process was extremely smooth as we sold and bought a new house. Thank you,Third Federal team!
Date published: 2019-07-08
Rated 5 out of 5 by from The best products, rates and service We were purchasing a new home and shut the market extensively to find the best mortgage available in terms of interest-rate and options available. Third federal is by far the best solution.
Date published: 2019-07-05
Rated 2 out of 5 by from Mortgage Application Process This was our 4th mortgage through Third Federal and it was the most difficult & arduous to obtain despite our excellent credit history and assets. You have bureaucratized your processes at the expense of customer friendliness & common sense.
Date published: 2019-07-04
Rated 5 out of 5 by from Mortgage Second home, second mortgage with Third Federal. Reliable, efficient and great customer service.
Date published: 2019-07-03
Rated 5 out of 5 by from Excellent customer experience! Rates were great but what stood out the most to me was the ease of the process and the excellent service and experience I received. Jason was awesome ! He walked me through the process beginning to end and it certainly took a load of stress off my shoulders buying a new home !! I’m SO happy with Third Federal because of this positive experience and this is why I didn’t want to go with another lender. They treated me like family.
Date published: 2019-07-01
Rated 5 out of 5 by from Easy process We worked with Angela, she was very professional, answered all of our questions and was very helpful. The process was very easy and convenient for us. I would recommend ThirdFederal to anyone who is in the process of looking or buying a house.
Date published: 2019-06-30
Rated 5 out of 5 by from Best Experience Best rate on the market. Loan officer was very knowledgeable. I recommend Third Federal to all my friends and family now. They sold me.
Date published: 2019-06-29
Rated 5 out of 5 by from Great customer service Our loan officer was engaged through the whole process and easy to reach with questions.
Date published: 2019-06-28
Rated 5 out of 5 by from Low rates Everyone at the branch was just incredible and very helpful anytime I needed something done or I needed information.
Date published: 2019-06-28
Rated 5 out of 5 by from Great all around experience. Could not be happier. Everyone from Third Federal was pleasure to deal with.
Date published: 2019-06-27
Rated 5 out of 5 by from Exceeded Expectations Third Federal exceeded my expectations throughout every aspect of buying my home. They were friendly, responsive, timely, and offered the best rate by far! The real estate agents and title company both commented on how lovely Third Federal was to work with. They even worked to find me assistance programs I qualified for. I highly recommend Third Federal.
Date published: 2019-06-27
Rated 5 out of 5 by from Low rates The loan officer /department that I worked with were amazing and very patient with me and all of my questions. They were very helpful to process the paperwork quickly so that I could close on time.
Date published: 2019-06-26
Rated 5 out of 5 by from low rates I have used Third Federal over the years and they use to be very slow. You folks have certainly made the process so much easier. I like you company because you insist on doing the auto deduct and I think it keeps your rates very good Liz is who helped me and she was great
Date published: 2019-06-25
Rated 5 out of 5 by from Great Service The rate we received was fantastic. Yolanda was very responsive, efficient, and thorough. It was a great experience. Thank you.
Date published: 2019-06-24
Rated 5 out of 5 by from Low rates Low rates and positive customer experience
Date published: 2019-06-22
Rated 5 out of 5 by from Liked low closing costs rate was excellent Loan officers were top-notch, helpful and patient would recommend your staff to any one. Best I have encountered in over 45 years 35 years of which were as real estate broker.
Date published: 2019-06-21
Rated 5 out of 5 by from Excellent service The entire loan mortgage process was so easy with quite a bit of it doing it on-line without even having to stop in to the branch except for a few things. Plus did check out the rates of a few competitors and Third Fed pretty much blows them out of the water. Been doing my entire banking through Third Fed for almost 50+ years now.
Date published: 2019-06-21
Rated 5 out of 5 by from Extremely helpful & professional We were able to get a lower rate and lower closing costs along with great customer service with Third Federal. I would highly recommend over those other companies who might claim that they are bigger and better. We looked into those and they might be bigger, but bigger does not equal better - and it doesn't mean lower rates either.
Date published: 2019-06-21
Rated 5 out of 5 by from Efficient, Easy to navigate, & Pleasant Experience This was my first time purchasing a home and I felt like I was in responsible hands the whole time. The online loan portal made signing documents so convenient and I could revisit them as often as I wanted. My loan officer was easily reached by phone or email and this was so appreciated when new questions came up. Everything was handled with such integrity that on closing day, I felt comfortable that I received the exact terms that I asked for. I also compared interest rates across other banks and Third Federal was the lowest. Overall, my experience was stress-free, professional, and communicative from start to finish.
Date published: 2019-06-21
Rated 5 out of 5 by from Amazing customer service ! My loan officer was very knowledgeable and patient with all my first time home buyer questions. Michael had fantastic communication skill and his responses to my emails were quick. I will be recommending them to all my friends and family and co workers. Everyone will tell you home financing is a huge hassle. It was not with this company, I was so relieved!
Date published: 2019-06-20
Rated 5 out of 5 by from Could not be more pleased with the service Purchased a second home in Florida - we needed a Florida mortgage company ( we live in NY) and selected Third Federal and a few others from a website. The experience with Third Federal proved to be fantastic and placed them well ahead of the other lenders, not just the rate and closing costs but the quality of service from your teams made the difference for us. Kassandra and others went out of their way to help with the process as we did it remotely from NY. It was totally painless. Better service than my current bank of 35 years.
Date published: 2019-06-20
Rated 4 out of 5 by from Low rate and cost Clayanne was excellent Low cost
Date published: 2019-06-20
Rated 5 out of 5 by from Simple process, low rates Kim made this an efficient process and kept me updated regularly. I was nervous about coordinating a closing for a 1000 mile move, but everything was great.
Date published: 2019-06-20
Rated 3 out of 5 by from Great Closing Cost Discount - Poor Communication Overall, I am happy I received my mortgage loan from Third Federal based on their rates. I also was informed by my loan office of a closing cost discount if I took an online course which saved me $3,000. That was a huge plus for me and a great recommendation that I very much appreciated! My major complaint is the lack of contact and communication along the way. I barely spoke to my loan officer and this was my first time purchasing a home. Most of the documents were sent and signed electronically. Which, was very convenient. However, I did not think the process should be as hands off as it was considering this is the biggest purchase I'll ever make! For instance, my closing costs changed last minute with no explanation. I found out from the titel company, not my loan officer, the day before my closing. I had to call and dig out the details myself from my loan officer and then they emailed me the updated copy. Also, my new Third Federal savings account ended up closing (nearly a full month before my first payment was due) because there was no balance. Unbeknownst to me, I had to make a deposit within a certain amount of time or the account would close. To be fair, this could have been in one of the documents electronically sent to me and I probably missed it. When there are thirty pages to read, I would have appreciated an important details highlight from the loan officer or a phone conversation on what to expect, what to look out for, important dates, etc. It felt to me as if I should have figured it all out on my own simply because the documents were electronicaqlly sent to me. Even though I'm working with someone who is making a commission off my loan. Didn't feel right to me ESPECIALLY because I'm a first time home owner! In the end, I felt like a number and not a customer.
Date published: 2019-06-17
Rated 5 out of 5 by from Low Rates and Low closing costs Customer service was outstanding.
Date published: 2019-06-17
Rated 5 out of 5 by from Mortgage experience Whole experience in loan process is great! From beginning to end the process is speedy, efficient, with low rates and low costs.
Date published: 2019-06-16
Rated 5 out of 5 by from low cost Service was outstanding
Date published: 2019-06-15
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