Third Federal Savings and Loan is an Ohio-based bank that’s been in business since 1938. The bank offers mortgages and home equity products, including lines of credit.
While other lenders may offer lower rates, Third Federal guarantees it’ll beat any home equity rate from another lender, or it’ll pay you $1,000. Plus, borrowers don’t have to pay closing costs on home equity loans or home equity lines of credit (HELOCs), and your rate is determined by your repayment time frame, not your credit score. Third Federal may be a good option if you’re looking for a home equity product, but it only offers them in a limited number of states.