Third Federal Savings & Loan

★★★☆☆
Strong. Stable. Safe. Since 1938.
  • 2692 Madison Rd Ste A-3 Ste A-3

    Cincinnati, OH 45208-1332

    Map & Directions
  • 513-458-2300

About Third Federal Savings & Loan

Hours
Mon-Thu 9am-4pm, Fri 9am-6pm, Sat 9am-1pm

Finance

Finance
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2.5 2
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I've had my mortgage with them for four years now. Just decided to refinance due to the extremely low interest rates and thought it would be easiest and get best rate with their "competitive rate guarantee". What a joke. Less than 12 hours after filling out application Third Feds rate dropped .04%, which is what I was going to submit for the competitive rate. After calling, I was told that to change my rate it would cost another $325 application fee. I asked being a Mortgage Passport holder if the rate could be changed instead of me submitting a competitive rate challenge. I was informed that I had to submit a challenge which included a Good Faith Estimate from the other lender. I contacted the other lender and talked them into e-mailing me a Good Faith Estimate that day (since you only have 3 days to submit it to Third Fed). This was e-mailed to them and funny how they never received it, not once but twice. After sending it to them repeatedly they did finally say they received it. The "Competitive Rate Committee" now had to determine if they would adjust the rate. The rate that I applied for was 4.29% and the other lenders rate was 4.25%. The "committee" came back that they would adjust the rate to 4.27% after adding in the other lenders closing fees. Note the other lenders fees were $1800.00 less than Third Feds ($1495 origination fee + others ; not counting the $325 application fee - this doesn't go in closing costs) All in all, a horrible business process and if I would have known this is how they do business I would have gone with the other lender (Valley Savings) the first time around!!!!

1
★☆☆☆☆

I've had my mortgage with them for four years now. Just decided to refinance due to the extremely low interest rates and thought it would be easiest and get best rate with their "competitive rate guarantee". What a joke. Less than 12 hours after filling out application Third Feds rate dropped .04%, which is what I was going to submit for the competitive rate. After calling, I was told that to change my rate it would cost another $325 application fee. I asked being a Mortgage Passport holder if the rate could be changed instead of me submitting a competitive rate challenge. I was informed that I had to submit a challenge which included a Good Faith Estimate from the other lender. I contacted the other lender and talked them into e-mailing me a Good Faith Estimate that day (since you only have 3 days to submit it to Third Fed). This was e-mailed to them and funny how they never received it, not once but twice. After sending it to them repeatedly they did finally say they received it. The "Competitive Rate Committee" now had to determine if they would adjust the rate. The rate that I applied for was 4.29% and the other lenders rate was 4.25%. The "committee" came back that they would adjust the rate to 4.27% after adding in the other lenders closing fees. Note the other lenders fees were $1800.00 less than Third Feds ($1495 origination fee + others ; not counting the $325 application fee - this doesn't go in closing costs) All in all, a horrible business process and if I would have known this is how they do business I would have gone with the other lender (Valley Savings) the first time around!!!!

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Going through the process of getting a mortgage can be quite cumbersome - not here. Everything is very simple, and less paperwork is required than most places. The loan officer walks you through the process in no time, mails whatever can't be delivered at the meeting. Easy to get a hold of, they handle one-off requests very quickly.

4
★★★★☆

Going through the process of getting a mortgage can be quite cumbersome - not here. Everything is very simple, and less paperwork is required than most places. The loan officer walks you through the process in no time, mails whatever can't be delivered at the meeting. Easy to get a hold of, they handle one-off requests very quickly.

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Message from Third Federal Savings & Loan

Third Federal is known for our Guaranteed Lowest mortgage rates. We don't believe in putting customers at risk through questionable practices like sub-prime lending or zero-down mortgages. -- home mortgage, mortgage refinancing, banking, mortgages, mortgage rates, investings, savings & checking accounts -- Bank Smart. Live Better.







More about Third Federal Savings & Loan

Cincinnati home mortgage, mortgage refinancing, banking, mortgages, mortgage rates, investings, savings & checking accounts

 

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