Third Federal Savings and Loan

Third Federal Savings and Loan

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Third Federal Savings and Loan
What is the Third Federal Savings and Loan Institution?


• Third Federal Savings and Loan is a thrift that offers low-interest mortgages to potential homebuyers who qualify. Third Federal Savings and Loan was founded in 1938 with one mission in mind: help their customers obtain a low-interest mortgage and a high-interest savings account. Similar to other thrifts, the Third Federal Savings and Loan Association offers certificates of deposit or savings accounts that pay interest to encourage private deposits. These deposits are then packaged and offered as mortgages to those individuals who qualify.

 

• In addition to offering savings accounts and low-interest mortgages, the Third Federal Savings and Loan Institution will offer retirement cds, checking accounts and debit cards. 
• The current APR on a 30-year fixed mortgage offered by the Third Federal Savings and Loan Association is 4.74%; this rate will fluctuate depending on your particular application. To apply for a mortgage issued by the Third Federal Savings and Loan institution simply visit the thrift’s website, located at https://www.thirdfederal.com/home.aspx or call them via their toll-free number (1-800-third-fed) to file an application. The mortgage application complies with the regulations instituted by the United States Federal Government; the Third Federal Savings and Loan institution will require standard information linked to your credit profile and your prospective home purchase.

Basic Characteristics of the Third Federal Savings and Loan Institution:
• The Third Federal Savings and Loan Institution, as stated before, is primarily focused on offering low-interest mortgages for residential property purchases. Similar to other thrifts, the Third Federal Savings and Loan institution acts as the primary mortgage provider for millions of Americans. That being said, the most important characteristics of the third Federal Savings and Loan institution are:
o The Third Federal Savings and Loan Institution is locally owned and privately managed
o The Third Federal Savings and Loan institution receives individual and private savings and then uses these funds to make long-term amortized loans to home purchasers
o The Third Federal Savings and Loan institution will offer loans for the construction, purchase, refinancing or repair of a home
o The Third Federal Savings and Loan institution is both state and federally chartered

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