Third Federal Lowest Rate Guarantee: Program Rules

Lowest Rate Guarantee
Third Federal will provide you with the lowest fixed rate mortgage of any licensed lender or pay you $1000. A similar mortgage must be for the same property, term, discount points, mortgage loan amount, and loan to value with the same or lower closing costs. To receive a competitive mortgage rate adjustment, when applicable, either fax, email or deliver to your local Third Federal branch or customer service department, a copy of the competitor's good faith estimate and documentation of the property, mortgage rate, term, discount points, mortgage loan amount and closing costs. Documentation must be dated and received by Third Federal the same or no more than two business days prior to or three business days later than the original Third Federal mortgage application. To receive a competitive rate adjustment on costed loans, the full application fee must be paid within three business days of the submission of the rate challenge.

Eligibility*
Guarantee applies to Third Federal fixed rate mortgage application written between March 24, 2008 and December 31, 2008. When compared to another lender's Firm Offer (as defined below), our fixed rate mortgage will have a lower interest rate or Third Federal will either beat the other lender's rate or pay you $1000. Third Federal and the competitor's mortgage must have the same subject property, term, discount points, loan amount, and loan to value with the same or lower costs. Lowest Rate Guarantee applies to first lien products only. The guarantee does not apply to second lien products. The Guarantee only applies to properties within Third Federal's designated lending areas.

How Does This Guarantee Work
You must apply with Third Federal. You then have three business days to return to us proof of a lower rate on a similar fixed rate mortgage (same subject property, term, discount points, loan amount and same or lower costs)(the "Firm Offer"). To receive competitive rate adjustment, you must deliver to a Third Federal office, fax or email to customer service the competitive mortgage Good Faith Estimate and proof of product similarity (same subject property, term, discount points, loan amount and same or lower costs) within three business days of original Third Federal application. The Competitor Good Faith Estimate and proof of product similarity must be dated the same or no more than two business days prior or three business days later than the original Third Federal mortgage application. If Third Federal is unable to provide you with the lower fixed rate mortgage and you close the loan with the competing lender on the quoted terms and time frame, Third Federal will pay you $1000. Third Federal reserves the right to verify that the other lender's offer is accurate.

To be eligible for the $1000 you must mail to Third Federal a certified copy of the HUD-1 or HUD-1A Settlement Statement, final Truth in Lending Disclosure Statement (or accurate Initial Truth in Lending Disclosure if no final Disclosure is required by law) and the executed Note within 15 calendar days of closing your loan with the other lender. Third Federal will mail you a $1000 check within 30 calendar days of receiving the required documentation. The HUD-1 or HUD-1A Settlement Statement, final Truth in Lending Disclosure Statement and the executed Note must be accurate and disclose that the loan closed on the terms and conditions, including rate lock expiration period, as previously disclosed in the Good Faith Estimate and proof of product similarity. Third Federal, in its sole discretion, will make all determinations of eligibility and qualification for payment of this Guarantee. The Guarantee is subject to revision or revocation by Third Federal at any time without notice. Third Federal is not responsible for system failures, communication problems or connection and server problems, natural or man-made, failed, incomplete or delayed transmissions, technical malfunctions of telephone networks, computer equipment, system or software, computer time and date stamp mechanism, or any combination thereof, or other unforeseeable events beyond the control of Third Federal.

Third Federal's own fixed rate cannot be considered a competitive rate during the guarantee period. Lowest Rate Guarantee excludes all adjustable rate mortgages and all subordinated-lien loans. To receive a competitive rate adjustment, application fee for costed loans must be paid in full within three business days of the rate challenge submission. Application fee not required for no-closing cost loan applications.

Requests for competitive rate adjustments submitted with good faith estimates dated prior to the Third Federal mortgage application date will not be permitted during periods when the U.S. ten year treasury changes by more than .20% over any two consecutive day period. Lowest Rate Guarantee limited to Third Federal retail distribution channels only.

* A business day is any day Third Federal is open for retail customer.