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Mortgage Refinance
We're on the up and up
about lower closing costs.
Mortgage Refinance Rates for July 17, 2019
Cuyahoga County, Ohio
All Mortgage Rates 0 Points
Product Rate APR
5/1 (30 year) Smart Rate 3.14% 4.08%
5/1 (30 year) Low Cost Smart Rate 3.49% 4.15%
5/1 (15 year) Smart Rate 3.04% 3.77%
5/1 (15 year) Low Cost Smart Rate 3.39% 3.88%
Product Rate APR
5/1 (30 year) Low Cost Smart Rate 3.49% 4.15%
5/1 (15 year) Low Cost Smart Rate 3.39% 3.88%
3/1 (30 year) Low Cost Smart Rate 3.34% 4.25%
3/1 (15 year) Low Cost Smart Rate 3.24% 4.04%
10 Year Low Cost Fixed Rate 3.49% 3.53%
Product Rate APR
10 Year Fixed Rate 3.09% 3.27%
10 Year Low Cost Fixed Rate 3.49% 3.53%
Product Rate APR
30 Year Fixed Rate 3.89% 3.96%
15 Year Fixed Rate 3.39% 3.51%
10 Year Fixed Rate 3.09% 3.27%
10 Year Low Cost Fixed Rate 3.49% 3.53%
Product Rate APR
5/1 (10 year) Smart Rate 2.94% 3.36%
5/1 (30 year) Smart Rate 3.14% 4.03%
5/1 (15 year) Smart Rate 3.04% 3.68%
3/1 (30 year) Smart Rate 2.99% 4.17%
3/1 (15 year) Smart Rate 2.89% 3.91%
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 July 17, 2019
Cuyahoga County, Ohio
All Mortgage Rates 0 Points
Product Rate APR
5/1 (30 year) Smart Rate 3.14% 4.08%
5/1 (30 year) Low Cost Smart Rate 3.49% 4.15%
5/1 (15 year) Smart Rate 3.04% 3.77%
5/1 (15 year) Low Cost Smart Rate 3.39% 3.88%
Product Rate APR
5/1 (30 year) Low Cost Smart Rate 3.49% 4.15%
5/1 (15 year) Low Cost Smart Rate 3.39% 3.88%
3/1 (30 year) Low Cost Smart Rate 3.34% 4.25%
3/1 (15 year) Low Cost Smart Rate 3.24% 4.04%
10 Year Low Cost Fixed Rate 3.49% 3.53%
Product Rate APR
10 Year Fixed Rate 3.09% 3.27%
10 Year Low Cost Fixed Rate 3.49% 3.53%
Product Rate APR
30 Year Fixed Rate 3.89% 3.96%
15 Year Fixed Rate 3.39% 3.51%
10 Year Fixed Rate 3.09% 3.27%
10 Year Low Cost Fixed Rate 3.49% 3.53%
Product Rate APR
5/1 (10 year) Smart Rate 2.94% 3.36%
5/1 (30 year) Smart Rate 3.14% 4.03%
5/1 (15 year) Smart Rate 3.04% 3.68%
3/1 (30 year) Smart Rate 2.99% 4.17%
3/1 (15 year) Smart Rate 2.89% 3.91%

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.
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 Competitive rates, low closing costs Rates were very competitive and the whole experience was very positive. Loan officer was outstanding.
Date published: 2019-07-04
Rated 4 out of 5 by from Low rates and easy processing Got lower rates and the staff was so helpful in completing whole process easy & faster
Date published: 2019-07-01
Rated 5 out of 5 by from market leading rate had refinancing and was pleasantly surprised by rates, cost and customer service
Date published: 2019-06-30
Rated 5 out of 5 by from competitive Outstanding customer service, low rates and the rate re lock option is why I refinanced with them.
Date published: 2019-06-29
Rated 4 out of 5 by from Mortgage Refiance & HELOC Process was a little disjointed in that Third Federal was not always in sync with the title companies on payoff amounts. This caused the closing to be re-scheduled and costing me more money (i.e., interest payment to my former first mortgage lienholder).
Date published: 2019-06-28
Rated 5 out of 5 by from Customer service Curtis is an asset to your company & is a great representative!
Date published: 2019-06-28
Rated 5 out of 5 by from So far excellent experience Excellent customer service
Date published: 2019-06-28
Rated 5 out of 5 by from Low rates, low cost, great customer service Rates were incredibly low and customer service was outstanding! Shannon was my rep and she was always available, very knowledgeable and professional. Made the process much less stressful than other lenders I've worked with. After closing, TFS sends me a gift card for Home Depot! Who does that?? Great company to work with.
Date published: 2019-06-27
Rated 4 out of 5 by from Rates were ok, costs to refinance great Great customer service a little slow on delivery
Date published: 2019-06-24
Rated 1 out of 5 by from Tranfering from Huntington After refi-ing our mortgage from Huntington and wanting to transfer ALL of our 30K in accounts to your bank, I found that you have a 2,500 limit per day and a max cap of 5,000 per month to be deposited via the mobile banking app. This is not only ridiculous but very inconvenient! I now cannot deposit my paychecks via mobile for the rest of the month! The manager at Corporate stated..."We are not as technologically advanced as other banks". to which I replied..."It has nothing to do with being advanced, the cap is the problem". When I said that Huntington doesn't cap us, I was told..."We aren't Huntington". We have just refied into inconvenience.
Date published: 2019-06-24
Rated 5 out of 5 by from Great bank with excellent service. Just refinanced with Third Fed. Along with exceptional rates and terms the staff was extremely helpful and attentive. Would recommend this bank to everyone.
Date published: 2019-06-23
Rated 5 out of 5 by from Low mortgage rate Friendly personal service
Date published: 2019-06-23
Rated 5 out of 5 by from great service, low rates. They make it so easy! doing a loan with Third Federal not only saved us money, but it is so easy working with them. Our rep was always responsive and facilitated the transaction so smoothly, quickly. This was our 2nd loan with Third Federal, great experiences!
Date published: 2019-06-23
Rated 5 out of 5 by from Low cost Good rate
Date published: 2019-06-23
Rated 2 out of 5 by from I feel like a number Rate was 3.99% (avg) and low closing cost but I felt like a number. When you 1st walk in there is nobody there to greet you, just a bunch of desks in the open. No private office handling my personal information.
Date published: 2019-06-22
Rated 5 out of 5 by from Low rates, low cost This is the third refinance we have done with Third Federal (2 different houses). Easy process, low cost
Date published: 2019-06-21
Rated 4 out of 5 by from Low cost, low rate Reasonable rate with flexibility in terms and low cost
Date published: 2019-06-21
Rated 5 out of 5 by from low rate, low cost Great service, great company to work with. Send my documents and everything right away.
Date published: 2019-06-21
Rated 5 out of 5 by from Easy, straightforward, and responsive This was an easy refinance that took just over 3 weeks from the initial application to closing. Rates were very competitive and the loan costs good and easy to understand. It was straightforward to provide our necessary paperwork and any time we had a question, our loan officer responded in a timely manner. We are happy with our choice to go with Third Federal as opposed to the other institutions we contacted for quotes.
Date published: 2019-06-20
Rated 5 out of 5 by from Smooth transaction Good rates and helpful representatives.
Date published: 2019-06-18
Rated 4 out of 5 by from low cost and competitive rate Customer service very good, good rate with options. However lots of duplicate paperwork and continuous request to sign up for insurance are the only negatives. Did not know Third Federal was a Cleveland based company - Good to know
Date published: 2019-06-18
Rated 5 out of 5 by from loan application process Customer Service Outstanding
Date published: 2019-06-16
Rated 5 out of 5 by from Third Federal-First Mortgage! Rates were very acceptable and customer service was excellent!
Date published: 2019-06-14
Rated 5 out of 5 by from Professional and competitive Third Federal was easy to work with and very professional with all of their communications. They performed as advertised and came through with a very competitive rate and closing costs. Overall the process was simple and seamless.
Date published: 2019-06-13
Rated 4 out of 5 by from Great mortgage offers Very reasonable rates and great service from Denise
Date published: 2019-06-13
Rated 3 out of 5 by from Mortgage Refi Mortgage Refi rates were good. I was refinancing from one Third Federal loan to another. Would be nice if the returning customers could receive a break on some of the fees
Date published: 2019-06-10
Rated 4 out of 5 by from low rate, smooth process carlos was always available and able to answer all my questions. happy to get the low rate refi mtge with an added equity loan at low rate with no added cost.
Date published: 2019-06-07
Rated 5 out of 5 by from Low rates, professional customer service! Great rates. Gary was helpful, courteous & professional with each meeting we had.
Date published: 2019-06-07
Rated 5 out of 5 by from 10 Year Mortgage! Great rate and Low Cost! Just what I was looking for, great customer service and quick!
Date published: 2019-06-06
Rated 4 out of 5 by from Great rates, too many duplication of paper work. I appreciate working with the loan mortgage person that I had however I kept getting documents in the regular mail I had already signed on the electronic forms. Then after my loan was completed I was still getting documents for ACH transfer to be signed again. overall I would say if you have excellent credit this is the place you want to do business with they just need to streamline the paperwork versus the electronic.
Date published: 2019-06-03
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