Third Federal Savings - Home Mortgage in Ohio

Third Federal Savings
7007 BROADWAY AVE
CLEVELAND, OH 44105
Tel: 1-800-844-7333

TFS Financial Corporation TFS Financial Corporation is a federally chartered mid-tier stock holding company and owns 100% of the outstanding common stock of Third Federal Savings and Loan Association of Cleveland.

TFS Financial Corporation is subject to comprehensive regulation and examination by the Office of Thrift Supervision. At September 30, 2008, TFS Financial Corporation had consolidated assets of $10.8 billion, consolidated deposits of $8.3 billion and consolidated stockholders' equity of $1.8 billion. Its net income for the fiscal year ended September 30, 2008 was $54.5 million.

Mortgage Products Offered

Fixed Rate
With a our Fixed Rate Home Mortgage, your monthly principal and interest payment are fixed for the life of your loan. It makes managing your money simpler because this element of your monthly budget always stays the same.

Third Federal Fixed Rate Mortgage benefits:

•Standard 60-day rate lock.
•240-day rate lock available.
•Same low fixed rates for condos.

Hybrid Rate
These loans offer lower rates and lower payments for a full 3 or 5 years. Plus, you have the flexibility to convert to a fixed rate loan – AT NO COST.

Third Federal Hybrid Rate Mortgage benefits:

•Lower monthly payments for 3 or 5 years – A 5 year, $165,000 ARM will save you about $50 to $100 per month compared to our 30-year fixed rate mortgage.
•Lower locked rate for a full 3 or 5 years – usually 1/4% below our 30-year fixed rate mortgage.

No-Cost Loans
A mortgage with no costs - no points, no application fee, no appraisal fee, no processing fee, no credit report fee and no lender costs. That’s a savings of about $2,000 right up front for most homebuyers.

Third Federal No-Cost Mortgage benefits:

•No points or credit report fee.
•No application or processing fee.
•No buyer's closing costs or appraisal fees.
•Save around $2,000 upfront.

Construction
Our Home Construction/Permanent Loan allows you to arrange both the construction loan and permanent mortgage financing for your new home in a single transaction.

Third Federal Construction Loan benefits:

•Rate is locked in at time of application – not when the home is completed. So you don’t have to worry about rising rates.
•Your rate stays locked for as long as 12 months while your home is being built - Other lenders don't offer this kind of protection.
•You can select either a fixed rate or adjustable rate mortgage.
•Six draws.
•No second closing, so you save money.

Bridge Loans
At Third Federal, you can still buy before you sell. Our Bridge Loan allows you to defer payments on your current house - leaving only the payment on your new home. So you don't have to worry about more than one mortgage payment while you're selling your old house.

Third Federal Bridge Loan benefits:

•No Application Fee.
•No payment for up to 12 months, giving you more time to sell your home - most other lenders give you six months or less!
•No prepayment penalty.
•Rate is locked in at time you apply.
•Simple application process.
•Up to 80% loan-to-value.
•Borrow up to $150,000 with ample equity and approved credit.

© 2009 Third Federal Savings & Loan