Community Development Loans

Third Federal's HomeToday is a different kind of Community Development Loan Program. Unlike programs offered through other banks, HomeToday combines both innovative lending and education. Our focus on education is designed to enhance the financial literacy skills of program participates. This gives our applicants a much greater chance to achieve long-term, successful homeownership.

Since the HomeToday program began in 2001 over 100 partners have referred over 13,000 participants to seminars and more than 4,000 individuals have become homeowners.

The Third Federal Home Today Mortgage provides applicants with:

Free Pre-Approvals:
Credit approvals are good for 90 days. You can save your required down payment during this period.

Low Interest Rates:
Perfect choice applicants receive Third Federal standard rates. No tiered pricing.

Discount on Closing Costs:
Receive up to $600 off standard closing cost.

Free Homebuyer Education and Budgeting Counseling:
Homebuyer and financial literacy training and pre-purchase budget counseling through the various community partners allows. Third Federal to offer flexible lending products.

Less Documentation:
At Third Federal, all you need is your last month's pay stub and your most recent W-2.

We Services Our Mortgages:
It's unusual these days to find a lender that services its own mortgages. Third Federal has never sold the servicing of a single mortgage.

60-Day Rate Lock:
Other lenders increase rates if you need more than 30 days to close. Third Federal offers a free standard 60-day rate lock.

240-Day Rate Lock:
Allows you to hold your current interest rate for a full 8 months! So you don't have to worry about rising interest rates during construction.

To learn more about the HomeToday Program, call one of the Third Federal locations listed below or visit www.hometoday.org