MORTGAGES

Can I borrow funds to build a second (vacation) home?
Third Federal does not offer construction to permanent loans for second homes.  However, we do offer a 240-day rate lock to allow you to purchase a newly co...
Fri, 21 Feb, 2020 at 9:36 AM
Can I choose the length or term of my new loan?
Yes you can at application for no additional cost.  Check with your loan administrator for details.
Wed, 30 Oct, 2019 at 3:13 AM
Can I make a principal payment to my mortgage?
You have the ability to make a principal payment to your mortgage in several ways.   Additional principal payments may be made any time after your regular m...
Thu, 30 Mar, 2023 at 4:06 PM
Can I remove a person from my mortgage?
In the case of divorce, the loan has to be refinanced. In the case of death, you may be able to remove a person depending on how the property is titled.  P...
Wed, 30 Oct, 2019 at 3:16 AM
Does Third Federal offer Construction/Permanent mortgage loans?
Third Federal offers Construction/Permanent mortgage loans, in which the builder obtains draws to complete the construction phases of your home. The commitm...
Wed, 30 Oct, 2019 at 3:16 AM
Does Third Federal offer bridge loans?
Third Federal's Bridge Loan is a one-year equity loan where the proceeds can be used as the down payment on a owner-occupied single family residence, PU...
Wed, 30 Oct, 2019 at 3:17 AM
Does Third Federal offer financing for low to moderate income borrowers?
Yes.  The Third Federal Community Mortgage offers great benefits for low to moderate income borrowers.  It combines free homebuyer education, budget counsel...
Thu, 29 Dec, 2022 at 9:10 AM
Does Third Federal offer financing for second homes (vacation property)?
Yes.  Third Federal does offer financing for second homes in some locations in Ohio, Florida and Kentucky.  To find out if we have a second home product in ...
Wed, 16 Sep, 2020 at 12:04 PM
Does Third Federal offer lot loans?
No, Third Federal does not offer lot loans.
Thu, 29 Dec, 2022 at 9:18 AM
How can I change a name that is on my mortgage?
Third Federal does not permit a name change on your existing mortgage loan documents.  The only way you can change a name on an existing mortgage loan is to...
Wed, 30 Oct, 2019 at 3:21 AM