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 Responsive, Great rate, Low Costs Great rates, efficient/easy application and closing.
Date published: 2019-11-16
Rated 5 out of 5 by from low rates Overall experience was awesome. Everyone was very helpful.
Date published: 2019-11-15
Rated 5 out of 5 by from Mortgage through Third Federal Savings and Loan Rates were low and customer service (primarily loan officer, Carlos) was outstanding.
Date published: 2019-11-13
Rated 3 out of 5 by from Mixed Review Good rates and great service leading up to closing. Closing was set to a holiday. Due to extended vacation, the loan was not finished before closing and nobody was available. It created a terrible situation at closing. People at closing had to answer questions related to the loan - many questions remained unanswered and nobody followed up!!!
Date published: 2019-11-11
Rated 5 out of 5 by from Low rates Loan rates were very low
Date published: 2019-11-11
Rated 5 out of 5 by from Above and Beyond Expectations My Third Federal experience was outstanding in every way. It started with a nicest, most professional loan officer (Liz) you could imagine, who always responded quickly and walked with us from consideration through closing. They also sent someone (Nic) to the closing to make sure there were no issues. And, did I mention the rate was the best I could find? My only knock, is the fees were on the high side. I guess you get what you pay for. I couldn't recommend more highly.
Date published: 2019-11-09
Rated 5 out of 5 by from Great people, great rates After 37 years in our house we felt it was time for a change. Third Federal made the process, user friendly, kept us apprised of status and the whole process was fairly painless.
Date published: 2019-11-09
Rated 5 out of 5 by from Great Customer Service Third Federal employees good staff that follow up and communicate well. Perry was an exceptional contact which consistently follow up and solved any open issues quickly across internal and external teams which made the experience straightforward and pleasant. Great rates are a bonus.
Date published: 2019-11-08
Rated 5 out of 5 by from no cost loans ..savings is wonderful 2nd mortage with them. Very easy to deal with, rates are always great, and contact person is available to guide you with any concerns. Title company's love there paperwork package.
Date published: 2019-11-06
Rated 5 out of 5 by from Responsive loan officer and on time closing Loan officer was very responsive and kept me updated along the process. I like the portal that serves as a document repository for documents for signature and uploads. The rates are low compared to other mortgage companies.
Date published: 2019-11-05
Rated 5 out of 5 by from Caring Made The Difference The First Time Buyer Mortgage Program was perfect for me.  The personal customer service I received was beyond great.  The office worked as a team covering for each other if I wasn’t able to reach my loan officer.  My boyfriend referred me after he recently refinanced through Third Federal.  He too was thrilled with his experience.  Thanks for the great product and wonderful service.
Date published: 2019-11-02
Rated 5 out of 5 by from Excellent customer service Edie made the process so easy and explained everything very clearly. The rate and terms of the loan fit our needs perfectly. Every Third Federal employee we have interacted along the way has been just as helpful.
Date published: 2019-11-02
Rated 5 out of 5 by from Creative Mortgage Ideas Andrew came up with creative ways for us to get the best plan possible for renovating our house with a mortgage that exceeded our expectations.
Date published: 2019-10-30
Rated 5 out of 5 by from Very competitive rates Great mortgage rate programs, and the customer service has been outstanding!
Date published: 2019-10-28
Rated 5 out of 5 by from Low rates. Easy application Customer service
Date published: 2019-10-26
Rated 5 out of 5 by from Low rates. Low costs. Many options Mary was great made the process easy and fast
Date published: 2019-10-25
Rated 5 out of 5 by from Low rates Rates good, customer service was outstanding
Date published: 2019-10-25
Rated 5 out of 5 by from Low Rates I searched multiple lenders and the rates could not be matched. Very happy working with Third Federal.
Date published: 2019-10-25
Rated 5 out of 5 by from Great closing costs and good service The service was excellent the rates were good and the terms were good. Sherell was excellent as a representative for 3rd Federal. She should be complimented.
Date published: 2019-10-19
Rated 2 out of 5 by from Low rate - horrible loan officer We got a great rate but had to deal with a horrible loan officer. Save money but endure many headaches.
Date published: 2019-10-19
Rated 5 out of 5 by from Rates can’t. Be beat!! Rates were incredible and the process from beginning to end went so smooth! Angela was great. She checked in with me several times, to see if I had any questions. Best experience I have ever had in buyinga mortgage!!
Date published: 2019-10-14
Rated 5 out of 5 by from LowRate and Great Service Lowest Rate I got from all the other lenders and the service is amazingly simple, secure and fast.
Date published: 2019-10-14
Rated 5 out of 5 by from Teri is the Best Great rates, customer service and able to close fast. Recommend Third Federal to all my clients.
Date published: 2019-10-12
Rated 5 out of 5 by from 4.1 percent Rates were great it was not stressful it was a very easy process to leave by being a first-time home owner I'm grateful for my loan manager she was very awesome
Date published: 2019-10-11
Rated 5 out of 5 by from Closing Always on Time I've used Third Federal several times now. Always on time and with good service.
Date published: 2019-10-08
Rated 5 out of 5 by from Low Cost With Professional, Personable Service Shopped the leading national lenders as well as the local ones and no one could beat Third Federal's rates. The professional and personable interaction with the loan officer via encrypted e-mail and document systems ensured that I understood what actions to take and why I was taking them. A very easy to use system for alerts and document exchange gave me confidence in the processing of my loan which went very quickly. Once the loan was in place, the ability to adjust my rate downward when Third Federal rates dropped, (faster than the competition's changes) enabled me to save more. This was my second loan with Third Federal and they have continued in the high standards I experienced the first time. I am very pleased with Third Federal and recommend them for mortgage loans.
Date published: 2019-10-07
Rated 5 out of 5 by from Low rates We have been working with Third Federal Savings and loan for many years and are always satisfied with the excellent customer service and the low interest rates.
Date published: 2019-10-03
Rated 5 out of 5 by from Low rates I want to thank Mary for all her hard work on getting me a loan with Third Federal she is the best
Date published: 2019-10-03
Rated 5 out of 5 by from Mortgage Processing Olena in the Boca Raton, Florida branch was a delight to work with and made the entire process painless and fast. My only "complaint" was having to open a checking account from which to make our mortgage payment.
Date published: 2019-10-02
Rated 5 out of 5 by from Good service Rate good
Date published: 2019-10-01
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