Skip to main content

Welcome to Third Federal Online Banking.

Log In
Mortgage Refinance
We're on the up and up
about lower closing costs.
Need Help Finding Your Solution?

Refinancing with Third Federal

Competitive Rates

Did you know we offer several low-rate refinance options, where closing costs can be as little as $295* When closing costs are this low, the break-even calculations are simple. At Third Federal, the rates you see here are the rates you get when you apply for a loan. Take a look at the chart below to see the refinance rates in your area.

Mortgage Refinance

Mortgage Refinance Rates for December 19, 2018
Cuyahoga County, Ohio
All Mortgage Rates 0 Points
Product Rate APR
5/1 (30 year) Smart Rate 3.94% 4.21%
5/1 (30 year) Low Cost Smart Rate 4.29% 4.28%
5/1 (15 year) Smart Rate 3.84% 4.13%
5/1 (15 year) Low Cost Smart Rate 4.19% 4.24%
Product Rate APR
5/1 (30 year) Low Cost Smart Rate 4.29% 4.28%
5/1 (15 year) Low Cost Smart Rate 4.19% 4.24%
3/1 (30 year) Low Cost Smart Rate 3.69% 4.14%
3/1 (15 year) Low Cost Smart Rate 3.49% 3.98%
10 Year Low Cost Fixed Rate 4.09% 4.13%
Product Rate APR
10 Year Fixed Rate 3.69% 3.87%
10 Year Low Cost Fixed Rate 4.09% 4.13%
Product Rate APR
30 Year Fixed Rate 4.79% 4.86%
15 Year Fixed Rate 4.29% 4.42%
10 Year Fixed Rate 3.69% 3.87%
10 Year Low Cost Fixed Rate 4.09% 4.13%
Product Rate APR
5/1 (10 year) Smart Rate 3.44% 3.68%
5/1 (30 year) Smart Rate 3.94% 4.16%
5/1 (15 year) Smart Rate 3.84% 4.04%
3/1 (30 year) Smart Rate 3.34% 4.06%
3/1 (15 year) Smart Rate 3.14% 3.85%

Why Refinance?

Homeowners refinance for many different reasons – no two situations are the same. Some folks refinance to lower their monthly payment and save money while others want to pay off their mortgage sooner, which also saves money. In other cases, some people want additional cash for family needs and apply for a mortgage refinance to borrow against the equity in their home. It can actually be one of the smartest and most efficient ways to borrow.

Is refinancing right for me?

Keep in mind; it doesn’t always make sense to refinance your mortgage. It depends on your current rate, loan term, the current rate environment, and what your objective is. Experts once said that you should only refinance when you can reduce your rate by 2% or more, but there really isn’t a rule determining when to refinance. Some homeowners use a break even time period, which calculates how long it will take to break even on the cost of refinancing to a lower rate or shorter term. Luckily, Third Federal can help you make this important decision.

Third Federal Advantage

Many lenders advertise “best customer” rates (which only cyborgs with perfect credit qualify for), only to offer you a higher rate once you’ve filled out an application. It’s a classic bait and switch, and its wrong. At Third Federal, we have one rate. That’s the rate we advertise. And if you qualify, that’s the rate you get. Period.
Borrowers are often shocked by huge closing costs at the end the refinance process. That won’t happen at Third Federal. We offer $295 closing costs on all Smart ARMs and 10-year fixed refinances. We also offer lower closing costs on other loan products.
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. 
Normally, you get a discount for buying in bulk. But that’s not true for loans. Most lenders actually charge higher rates for “jumbo loans” between $453,100 and $1 million. (As much as 1% higher). At Third Federal, we do opposite. We drop the rate on jumbo loans by 5 to 10 basis points. Because we believe big borrowers deserve more bang for their buck, not less.
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.
loading  Loading Reviews...
  • bvseo_sdk, net_sdk,
  • CLOUD, getReviews, 0ms
  • bvseo-msg: Execution timed out, exceeded 500ms;