Mortgage Lending with Third Federal
We offer several advantages when getting either a fixed or adjustable rate mortgage.
No MI with 15% down!
Buying your first home shouldn't be about hidden fees, extra costs or large down payment requirements. Most lenders require the borrower to pay Private Mortgage Insurance (PMI) if they do not have at least a 20% down payment. But most buyers don't know, PMI only protects the lender in the case of default. At Third Federal, you can put as little as 15% down without paying PMI!
Plus, we'll give you $750 off closing costs for being a first time home buyer!
*For Jumbo loan amounts other maximum LTV limits may apply.
Purchase Mortgage Rates
| Product | Rate | APR |
|---|---|---|
| 5/1 ARM (30 year) | 6.250% | 6.448% |
| 5/1 ARM (15 year) | 6.190% | 6.390% |
| Product | Rate | APR |
|---|---|---|
| 30 Year Low Cost Fixed Rate | 6.900% | 6.914% |
| 15 Year Low Cost Fixed Rate | 6.390% | 6.412% |
| 10 Year Low Cost Fixed Rate | 6.440% | 6.471% |
| 5/1 ARM (30 year) Low Cost | 6.700% | 6.594% |
| 3/1 ARM (30 year) Low Cost | 6.440% | 6.498% |
| 5/1 ARM (15 year) Low Cost | 6.640% | 6.607% |
| 3/1 ARM (15 year) Low Cost | 6.390% | 6.477% |
| Product | Rate | APR |
|---|---|---|
| 10 Year Fixed Rate | 5.940% | 6.050% |
| Product | Rate | APR |
|---|---|---|
| 30 Year Fixed Rate | 6.500% | 6.548% |
| 15 Year Fixed Rate | 5.990% | 6.068% |
| Product | Rate | APR |
|---|---|---|
| 5/1 ARM (15 year) | 6.190% | 6.342% |
| 30 Year Fixed Rate | 6.625% | 6.644% |
| 15 Year Fixed Rate | 6.115% | 6.145% |
| 5/1 ARM (30 year) | 6.250% | 6.419% |
Third Federal Advantage
For more than 85 years, Third Federal has been a leading mortgage lender. Our mortgage rates are among the lowest. And now with our Lowest Rate Guarantee program, if you find a lower purchase mortgage rate, we’ll beat it or pay you $1,000.
Here’s how it works:
- Find a lower rate than ours? We’ll beat it or pay you $1,000.
- Simply provide us with the other lender’s advertisement, webpage, email, rate sheet, or other documentation of mortgage rates.
- In most cases, you’ll have a rate decision the same day.
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 $495 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!
- Available on 10-year fixed rate and Smart Rate for purchases
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