Third Federal Savings & Loan
A Construction/Permanent Loan is a loan granted directly to an individual who has executed a contract with a builder to construct a home. This type of loan automatically converts to a Third Federal Permanent Loan without additional costs or review. The Construction/Permanent Loan is written at either a fixed * or variable rate of interest with basically the same terms and conditions as a Permanent Loan and is governed by Third Federal’s standard terms and conditions during its permanent phase.
End Loans are a form of permanent financing for people who are building a new home while the builder owns the property until construction is complete, and secures a loan and interest rate during the building period. You make no payments for principal or interest until the title is transferred to you.
Whether you're building a new home or buying an existing one, it's always a good idea to get a preapproval before you start looking. At most banks, preapprovals are just a guess, or what the bank thinks you will qualify for based on the going interest rate and your stated income. Not at Third Federal. Our preapprovals are fully underwritten, so when we say you’re “preapproved” for a loan, you’re approved; end of story.
| Product | Rate | APR |
|---|---|---|
| 3/1 ARM (30 year) | 5.990% | 6.416% |
| 5/1 ARM (30 year) | 6.150% | 6.408% |
| 3/1 ARM (30 year) Low Cost | 6.440% | 6.484% |
| 5/1 ARM (15 year) Low Cost | 6.540% | 6.524% |
| 30 Year Fixed Rate | 6.500% | 6.548% |
| Product | Rate | APR |
|---|---|---|
| 30 Year Fixed Rate | 6.500% | 6.548% |
| 5/1 ARM (30 year) | 6.150% | 6.408% |
| 3/1 ARM (30 year) | 5.990% | 6.416% |
| Product | Rate | APR |
|---|---|---|
| 3/1 ARM (30 year) | 5.990% | 6.416% |
| 5/1 ARM (15 year) | 6.090% | 6.330% |
| 3/1 ARM (30 year) Low Cost | 6.440% | 6.484% |
| 5/1 ARM (15 year) Low Cost | 6.540% | 6.524% |
| 30 Year Fixed Rate | 6.500% | 6.548% |
| Product | Rate | APR |
|---|---|---|
| 30 Year Fixed Rate | 6.625% | 6.644% |
| 15 Year Fixed Rate | 6.015% | 6.045% |
| 5/1 ARM (30 year) | 6.150% | 6.379% |
| 3/1 ARM (30 year) | 5.990% | 6.387% |
| 5/1 ARM (15 year) | 6.090% | 6.282% |
| 3/1 ARM (15 year) | 5.940% | 6.303% |
Click here to view related disclosures
Preapproval
You’ll receive our fully underwritten preapproval—not just a prequalification. When home sellers and realtors see that you are preapproved with us, they know you’re a qualified buyer!
Mortgage Purchase
You won't find a better mortgage package – anywhere. No matter which of our many mortgage products you choose, you always get a wealth of benefits.
Home Equity
With rates near an all-time low, a home equity line or loan is a great option if you’re looking to make a home improvement, buy a car, pay for college tuition, or consolidate high-interest debt, plus our rates are usually at least .25 percent below other lenders.
Borrowing Help Center
Get tips on smart borrowing, monitor rates, and learn about our home buying seminars.
