The Smart Rate Adjustable Rate Mortgage offers a lower interest rate than a fixed rate loan—typically more than 1% lower. This lower rate saves you about $12,000 over the first five years. Think about what you could do with all those extra savings! After that, the interest rate adjusts to the Prime Rate once per year. You’re not charged a margin or markup.

Our Rate Relock gives you control to relock your rate for up to five more years anytime during the entire life of your loan. You can relock your rate for up to five additional years to the current 3/1 or 5/1 rate as often as you want, any time you want, saving you thousands of dollars compared to the cost of refinancing – no mortgage application or home appraisal is required. Rate Relock even allows you to relock your rate every three to five years, so you’re never without a fixed rate commitment. With Rate Relock, you'll never have to refinance again!

• 3/1 and 5/1 Smart Rates available
• Rate Relock (relock your rate as often as you like)
• No PMI with 85% loan to value
• Jumbo loans at discounted rates
• $295 low closing cost options available
• 10, 15, and 30-year terms available
• Indexed to the Prime Rate (no margin or markup)
• Periodic rate cap +/-2%
• Lifetime rate cap of initial rate +6%

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

Why pay a mortgage any longer than you have to? With interest rates near an all-time low, homeowners are taking advantage and refinancing with Third Federal’s 10-Year Mortgage. For about the same monthly payment you have today,you might be able to shorten your mortgage and pay it off faster.

• No PMI with 85% loan to value
• About 1/2% lower than the typical 15-year fixed rate
• Available on loan terms 6-10 years
• $295 Low Closing Cost options available
• Get a historically low rate
• Shorten your mortgage with a similar monthly payment
• 10-year Smart and Fixed Rates 

With our Fixed Rate Home Mortgage, your monthly principal and interest payment are fixed for the life of your loan.

• Standard 60-day rate lock
• 30, 15 and 10-year terms available
• Same low fixed rates for condos

The bigger the loan, the more the other banks charge. At Third Federal, we don't charge higher rates for jumbo loans—we discount them!

• Jumbo loans over $424,100 receive a rate reduction
• Available on all 3/1 & 5/1 Smart Rates
• $295 low closing cost options available

At Third Federal, you can still buy before you sell. Our Bridge Loan allows you to use the equity in your current home to bridge the gap to your new home. 

• You can use the equity in your current home for the down payment on your new home.
• Eliminate your existing home payment, so you have only one payment while you're selling your current house.
• There are no principal or interest payments on your bridge loan for up to 12 months.
• No application fee, cancellation fee or prepayment penalty.

For more information, call our Customer Service department at 1-800-THIRD-FED (844-7333). View Disclosures

Looking to refinance your vacation home? At Third Federal, you get the same low rates on owner-occupied vacation homes – there’s no rate bump because it’s your second home. Vacation home financing is available in OH, FL and KY (Boone, Campbell and Kenton counties only).