home / home equity / products & rates

Home Equity Products

Prime PLUS Home Equity Loan
Allows you to lock into our guaranteed lowest rate so that you are protected from future rate increases.  Even if the Prime Rate goes up, your rate won't change for a full three years.  After that, your rate may change once a year based on the Prime Rate.

You also get the same low rate no matter what term you select: 5 years, 10, years 15, years, even up to 30 years. And, if you find a lower initial rate, we'll beat it or give you $1,000. More Info.

• NO application fee - Click here to apply
• NO closing costs
• NO prepayment penalty
• NO annual fee
• Borrow up to 80% loan-to-value in Ohio (borrow up to 70% in Florida)

Fixed Rate Home Equity Loan
With our standard home equity loan, your rate and payment are fixed for the life of the loan.  So you are protected from any future rate increases. You have the peace of mind that comes with knowing your payment will never change. 

For your convenience, we offer three terms: 5, 10 and 15 years. You may even be able to deduct 100% of the interest from your taxes (check with your tax advisor for details).

• NO application fee - Click here to apply
• NO closing costs
• NO prepayment penalty
• NO annual fee
• Borrow up to 80% loan-to-value  - Click here to see how much you can borrow

Home Equity Line of Credit
Our line of credit has no introductory rate or teaser rate.  And you are guaranteed to have the lowest rate or we'll give you $1,000.  
Click here for more information on our Lowest Rate Guarantee.  This line has no application fee, no closing costs & no prepayment penalty.  Product available in Ohio only.

• $50 annual fee waived the first year 
• 10 year interest-only draw period
• 10 year repayment period. 
• Borrow up to 80% loan-to-value - Click here to see how much you can borrow

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.

• 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 at time of application
• Simple application process
• Borrow up to 80% loan-to-value
• Borrow up to $150,000 with ample equity and approved credit