Mortgage Refinancing with Third Federal

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Mortgage Refinance Rates for December 08, 2019
Cuyahoga County, Ohio
All Mortgage Rates 0 Points
Product Rate APR
5/1 ARM (30 year) 2.94% 3.53%
5/1 ARM (30 year) Low Cost 3.29% 3.60%
5/1 ARM (15 year) 2.84% 3.34%
5/1 ARM (15 year) Low Cost 3.19% 3.45%
Product Rate APR
10 Year Fixed Rate 2.89% 3.07%
10 Year Low Cost Fixed Rate 3.29% 3.33%
Product Rate APR
30 Year Fixed Rate 3.89% 3.96%
15 Year Fixed Rate 3.19% 3.31%
10 Year Fixed Rate 2.89% 3.07%
10 Year Low Cost Fixed Rate 3.29% 3.33%
Product Rate APR
5/1 ARM (10 year) 2.74% 3.03%
5/1 ARM (30 year) 2.94% 3.48%
5/1 ARM (15 year) 2.84% 3.25%
3/1 ARM (30 year) 2.84% 3.56%
3/1 ARM (15 year) 2.74% 3.39%
Need Help Finding Your Solution?

Mortgage Refinance with Third Federal

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 mortgage loan. Take a look at the chart below to see the refinance mortgage rates in your area.

Mortgage Refinance Rates

 
Mortgage Refinance Rates for December 08, 2019
Cuyahoga County, Ohio
All Mortgage Rates 0 Points
Product Rate APR
5/1 ARM (30 year) 2.94% 3.53%
5/1 ARM (30 year) Low Cost 3.29% 3.60%
5/1 ARM (15 year) 2.84% 3.34%
5/1 ARM (15 year) Low Cost 3.19% 3.45%
Product Rate APR
10 Year Fixed Rate 2.89% 3.07%
10 Year Low Cost Fixed Rate 3.29% 3.33%
Product Rate APR
30 Year Fixed Rate 3.89% 3.96%
15 Year Fixed Rate 3.19% 3.31%
10 Year Fixed Rate 2.89% 3.07%
10 Year Low Cost Fixed Rate 3.29% 3.33%
Product Rate APR
5/1 ARM (10 year) 2.74% 3.03%
5/1 ARM (30 year) 2.94% 3.48%
5/1 ARM (15 year) 2.84% 3.25%
3/1 ARM (30 year) 2.84% 3.56%
3/1 ARM (15 year) 2.74% 3.39%

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, even if you want to take cash out. 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. 
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.
Looking to refinance? Our HomeReady Mortgage Refinance has no closing costs and rates are about 2.00% APR lower than other refinance programs. To learn more about Community Support or see rates, click here.Click to learn more about Community Support
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.
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Rated 5 out of 5 by from Great Service Third Fed made the process very easy from beginning to end. This included a non-traditional closing due to health issues. WELL DONE!
Date published: 2019-11-24
Rated 5 out of 5 by from low cost refinance We got a great low rate and low closing costs on a refinance loan for our home. Service was excellent, thank you Lisa and Ashley at the Mayfield branch for your great customer service!
Date published: 2019-11-23
Rated 3 out of 5 by from Low rate, questionable customer service Went in for refinance, good rate and the $2600 closing cost was reasonable....after a month and a half of paperwork (credit, income, property value excellent), got approved...initial closing estimate over $5000, called and confirmed our costs would be $2600.....about a week later, a day or two before closing, got final cost estimate of $3800.... called again and was told they never promised $2600..... negotiated down to $3100 after I threatened to contact chairman and president....accepted $3100 costs as I was tired screwing with it.....I am not sure I will ever use third fed again, left a bad taste in my mouth.....oh, and due to their screwups, we had to unlock and relook our credit about 4 times....very time consuming.....poor customer service....
Date published: 2019-11-23
Rated 5 out of 5 by from Third Federal Mortgage All of the people we worked with during this transaction were knowledge, professional, and friendly. The process was smooth and easy.
Date published: 2019-11-19
Rated 5 out of 5 by from Low rates low cost loans! We love Third Federal their employees are great and the loans are always at the lowest rate with the lowest cost. So glad we found them when we moved to the Columbus area!
Date published: 2019-11-19
Rated 5 out of 5 by from Home Refinance My wife initiated the refinancing of our home with Third Federal because of the low rates and great terms. The process took longer than anyone anticipated due to a few issues with the paperwork and we ended up with a slightly lower rate than we expected!
Date published: 2019-11-16
Rated 4 out of 5 by from Good rates, Easy Closing TFS has good rates. Their loan process is easy to navigate, and the closing was quick and smooth.
Date published: 2019-11-16
Rated 4 out of 5 by from The rate was very competitive Rate were very competitive to the competition. The process was completed 95% paperless and online.
Date published: 2019-11-15
Rated 5 out of 5 by from Home R-FI Shavon at the Mentor,OH building took great care of me and my family! She was able to help us step by step during the process and with the new lower rate we will be saving over 200 dollars a month with our new mortgage! Thanks from the Werner's!
Date published: 2019-11-15
Rated 5 out of 5 by from LOW COST, PERSONALIZATION EXTREMELY COMPETITIVE RATES WITHOUT ALL OF THE EXCESS UNECESSARY FEES!
Date published: 2019-11-14
Rated 4 out of 5 by from Low rates Rates and service excellent
Date published: 2019-11-12
Rated 4 out of 5 by from Low rates and many loan options. Good customer service and excellent updates when we had Questions.
Date published: 2019-11-11
Rated 1 out of 5 by from Low rates Third federal closed my line of credit at my bank unbeknowsed by me. Our agreement was to pay off my line of credit. Closing it was never discussed. This whole process with third federal has been a nightmare. Will never recomend.
Date published: 2019-11-09
Rated 5 out of 5 by from Low rates. A good place to do business.
Date published: 2019-11-09
Rated 5 out of 5 by from Great Service Great rate, low cost!
Date published: 2019-11-08
Rated 5 out of 5 by from Great Customer service was outstanding and rate was low as well.
Date published: 2019-11-08
Rated 5 out of 5 by from Home loan The Mortgage rates were the lowest we could find but it’s the service we received is what really sets Third federal apart . This was our 3rd mortgage experience and by far the best customer service we’ve experienced. Hind was great to work with and I would recommend her to friends and family
Date published: 2019-11-08
Rated 5 out of 5 by from Low rates, friendly service. Rates were competitive and Service is amazing!
Date published: 2019-11-05
Rated 5 out of 5 by from Refinance Everyone at Third Federal was very accommodating and knowledgeable which made our refinancing go smoothly. We are returning customers because it is so easy to do business with Third Federal.
Date published: 2019-11-05
Rated 5 out of 5 by from Low cost Rates were very competitive
Date published: 2019-11-05
Rated 4 out of 5 by from Low Rates Rates were low and Third Federal has a solid reputation in banking.
Date published: 2019-11-05
Rated 5 out of 5 by from Refinance process We refinanced our home through Third Federal the and the process was fairly painless and rates were great. Everything was done online and the settlement was done in our home.
Date published: 2019-11-05
Rated 5 out of 5 by from Great refinance program The refinance program we used for our home has saved us over $120/month on our mortgage, and the best part was that Third Federal covered all of the closing costs!
Date published: 2019-11-02
Rated 5 out of 5 by from Low rates; long-time customer Rates were incredibly low and service was prompt and terrific. I was pleasantly reminded of why I’ve been a Third Federal customer for more than 40 years! My only disappointment was that the costs were high.
Date published: 2019-11-02
Rated 5 out of 5 by from Great rate great service Super simple to refinance and great service every step of the way. Would recommend to family and friends.
Date published: 2019-11-01
Rated 5 out of 5 by from Simple and easy with low rates! Third Federal made the process so easy to upload documents and lock in a low rate with no premium charge for a cash out jumbo loan. Our Loan Officer was easy to work with and quick with responses. Process took about 35-40 days and was painless!
Date published: 2019-11-01
Rated 5 out of 5 by from Effortless process Working with Gary Samuel was an effortless process. He moved my refinance along and kept me abreast of what I had to do.
Date published: 2019-11-01
Rated 5 out of 5 by from Re-finance Got a great rate, Pam was excellent, Couldn't be more pleased with everything.
Date published: 2019-10-31
Rated 5 out of 5 by from You Made It So Easy! Yes, the rates were low and so was the cost, but the best part was how easy the company and my loan officer made the entire process. Refinancing was never so easy!
Date published: 2019-10-30
Rated 5 out of 5 by from Great programs Rates were competitive with no closing costs. Anita did a super job of getting us through the process.
Date published: 2019-10-29
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