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%
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.  

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 Low rates, paid closing cost Working with the Naples Fl branch for the home we purchased there was made easy & painless even though it took a while to find the house we liked, all the banking issues were handled over the phone or computer while we in Catawba Is, Ohio
Date published: 2020-03-22
Rated 5 out of 5 by from Home Mortgage The service I received from Third Federal in securing my home mortgage loan was phenomenal. The whole process was stress free and easy to go through. The rate got was the best around. Thanks to Sherrie at the Mentor location for all her help.
Date published: 2020-03-21
Rated 5 out of 5 by from Best experience ever! Renee was the best great service, low rates, and closed on time!
Date published: 2020-03-20
Rated 5 out of 5 by from Loan Officer Fantastic My loan officer Ben took his time, explained the process and made sure I understood everything through the process. He was timely,’professional and caring. Highly recommended.
Date published: 2020-03-20
Rated 5 out of 5 by from Third Federal tops in home mortgages Loan officer Michelle was very helpful throughout the process.
Date published: 2020-03-19
Rated 5 out of 5 by from Great rates. Super nice loan officer Florangela Romero (NMLS #638064) from the Hallandale location was very professional, supportive and ready to help. It is my 3rd loan with ThirdFederal and each time I had a great experience. Thank you all
Date published: 2020-03-13
Rated 5 out of 5 by from Mortgage Loan My Loan Administrator was absolutely excellent through the whole process. She was kind, efficient, and thoroughly explained everything to me. She was very helpful during this stressful time as a first time home owner. Third Federal offered my a competitive rate and highly recommend the company for first time home buyers.
Date published: 2020-03-06
Rated 5 out of 5 by from Great rates friendly staff Christine Wilkinson Martinez was amazing throughout the entire loan process and I have highly recommended her to friends and family
Date published: 2020-02-26
Rated 5 out of 5 by from Great Service Our loan agent, Angie, was terrific throughout our months-long process, keeping us informed about deadlines and changes, helping us understand everything about our loan and answering mountains of questions, sometimes more than once. The product was affordable and flexible. Couldn't ask for better experience.
Date published: 2020-02-25
Rated 3 out of 5 by from Low rates, but high loan costs Rates are low and customer service is great. But the cost of the loan is high, with high fees. They also don’t pay homeowners insurance through escrow.
Date published: 2020-02-25
Rated 5 out of 5 by from Low rates Service was excellent They were honest straightforward to the point. No BS, no stress, my representative was So nice. She was so understanding easy to talk to. Get things done on time. She was precise and to the point. She work hard and went above and beyond. Excellence is a workmanship. I I would recommend her to anyone who requires to purchase a loan anytime. She's excellent. My process purchasing my home was so smooth. And in two weeks the process was completed . Thanks. Oh so much. May God continue to bless each and everyone of you.
Date published: 2020-02-15
Rated 5 out of 5 by from Low Rates, Amazing Customer Service Rates were the most competitive i've found on the market, and customer service was outstanding. Can't share the loan officer name here but i give her high marks for being responsive, professional and genuinely tries to help the customer throughout the process
Date published: 2020-02-15
Rated 5 out of 5 by from Exemplary Service, Great rates On top of a great rate and low cost option, my loan officer is very accommodating and we were able to close without a glitch and everything went smooth.
Date published: 2020-02-12
Rated 5 out of 5 by from No penalty.. Fantastic Service with big knowledge
Date published: 2020-02-07
Rated 5 out of 5 by from Good rates, great seevice Mortgage rate was excellent. Loan officer did a great job, providing information and keeping us up to date throughout the process.
Date published: 2020-02-07
Rated 5 out of 5 by from Very Satisfied with Third Federal I am very satisfied with Third Federal
Date published: 2020-02-07
Rated 5 out of 5 by from Low rates great service Rates were very competitive and our loan officer and her supervisor were extremely helpful.
Date published: 2020-02-04
Rated 5 out of 5 by from Loan We had a very wonderful experience at North Olmsted with Dawn S. She was very knowledgeable and helpful with our loan process !!
Date published: 2020-02-02
Rated 5 out of 5 by from Mortgage Loan I obtained a low cost mortgage. It was super easy and the loan officers were efficient. It was a very amazing experience!
Date published: 2020-01-31
Rated 5 out of 5 by from Service! and then rates. Wendy in the North Olmsted office was great to work with! She made this a pleasant experience.
Date published: 2020-01-31
Rated 5 out of 5 by from Best closing cost When I was searching for a loan I found that the closing cost varied between lenders, with Third Federal I saved thousands of dollars, have a good rate and the loan officer made things happen even when in a crunch for time, they delivered as promised. Alaways kept me informed along the way
Date published: 2020-01-27
Rated 5 out of 5 by from Low rates, cost was competitive Rates were low, customer service was very good. Had used previously and felt comfortable using again.
Date published: 2020-01-26
Rated 5 out of 5 by from Very professional Our Loan Officer was professional, courteous, competent, friendly and efficient. She did a great job for us.
Date published: 2020-01-24
Rated 5 out of 5 by from Rates the best out there Linda was just great to work with and when she wasn’t there Colleen did a great job also. Both made there process very ease. I felt very comfortable working with them.
Date published: 2020-01-24
Rated 5 out of 5 by from Low Rate, and great customer service! So easy to deal with, and we got a great rate!
Date published: 2020-01-22
Rated 5 out of 5 by from Low rates Best rates along with great customer service
Date published: 2020-01-21
Rated 5 out of 5 by from customer service Customer service ( Mary ) was over & above anything I've ever experienced !!! Outstanding !!
Date published: 2020-01-20
Rated 5 out of 5 by from Low rates Rates are very low as expected. Good competetor for other lendors
Date published: 2020-01-17
Rated 5 out of 5 by from Low rates, exceptional customer service Rates were low, customer service was outstanding, and every employee I came in contact with was easy to work with.
Date published: 2020-01-15
Rated 5 out of 5 by from Great People Great experience Great experience matched with great people. Tom at third federal make it an easy process which is no small task for a first time home buyer. Thanks to a great process of the peace of mind with the locked in rate and the ability to get Tom over phone or email at any time was huge and will make Third Federal my go to for all future mortgage needs.
Date published: 2020-01-15
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Mortgage purchase promotion