# Third Federal Savings and Loan Association of Cleveland

> **Canonical URL:** https://saferate.com/lenders/third-federal-savings-and-loan-association-of-cleveland


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Third Federal Savings and Loan Association of Cleveland is a bank, headquartered in Cleveland, OH, serving borrowers across 19 states, with 2,306 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 29% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 36% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 5493008CPTDVOS570626
- **Headquarters:** Cleveland, OH
- **Geographic Reach:** Multi-Region
- **States Served:** 19
- **State List:** CA, CO, FL, GA, IL, IN, KY, MA, MD, MI, MO, NC, NJ, OH, OR, PA, TN, VA, WA
- **Markets (MSAs):** 17
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 71/100
- Rating: ●●●●○ (4/5)

### Pull Through: Strong 😀
- Score: 64/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.056%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $779
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 2,306
- **Dollar Volume:** $595 million
- **Applications Received:** 3,379
- **Market Share:** 6.00%

## Typical Borrower Profile

- **Average Loan Amount:** $257,923
- **Average Borrower Income:** $143,951
- **Average Property Value:** $405,928

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (77%)
- ⭐ **Purchase Gold Superstar** (64%)
- ⭐ **Refinance Gold Superstar** (64%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 81/100 | 2,283 | +0.058% | $779 | Exceptional 🤩 |
| Jumbo | 68/100 | 23 | -0.093% | $749 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 1,943 loans, Score: 80/100 (Exceptional)
- Refinance: 340 loans, Score: 75/100 (Strong)

**Jumbo:**
- Purchase: 22 loans, Score: 69/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 78/100 | 1,965 | $525M | +0.079% | Strong 😀 |
| Refinance | 73/100 | 341 | $69M | -0.091% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| OH | 1,805 | 1.34% | 90/100 |
| FL | 329 | 0.11% | 67/100 |
| KY | 39 | 0.08% | 53/100 |
| NC | 18 | 0.01% | 40/100 |
| PA | 18 | 0.01% | 40/100 |
| IN | 16 | 0.02% | 40/100 |
| NJ | 15 | 0.02% | 40/100 |
| VA | 14 | 0.01% | 39/100 |
| GA | 13 | 0.01% | 38/100 |
| TN | 11 | 0.01% | 36/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Cleveland, OH | OH | 1,076 | 97/100 |
| Cincinnati, OH |  | 258 | 81/100 |
| Columbus, OH | OH | 217 | 78/100 |
| Akron, OH | OH | 202 | 85/100 |
| Tampa, FL | FL | 46 | 56/100 |
| Fort Lauderdale | FL | 45 | 56/100 |
| Non |  | 44 | 34/100 |
| St. Petersburg | FL | 42 | 60/100 |
| West Palm Beach | FL | 37 | 56/100 |
| Cape Coral | FL | 32 | 54/100 |
| Naples | FL | 25 | 57/100 |
| North Port | FL | 25 | 52/100 |
| Canton | OH | 22 | 52/100 |
| Orlando | FL | 13 | 40/100 |
| Atlanta | GA | 11 | 37/100 |

## Where This Lender Ranks

Third Federal Savings and Loan Association of Cleveland appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥈 **#2** in Ohio for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/ohio/best-mortgage-lenders/banks/conventional-loans)
- 🥈 **#2** in Cleveland, OH
  - [View Full Rankings](https://saferate.com/cleveland-oh/best-mortgage-lenders)
- 🥈 **#2** in Cleveland, OH Banks
  - [View Full Rankings](https://saferate.com/cleveland-oh/best-mortgage-lenders/banks)
- 🥈 **#2** in Cleveland, OH for Conventional Loans
  - [View Full Rankings](https://saferate.com/cleveland-oh/best-mortgage-lenders/conventional-loans)
- 🥈 **#2** in Cleveland, OH for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/cleveland-oh/best-mortgage-lenders/banks/conventional-loans)
- 🥈 **#2** in Akron, OH
  - [View Full Rankings](https://saferate.com/akron-oh/best-mortgage-lenders)
- 🥈 **#2** in Akron, OH Banks
  - [View Full Rankings](https://saferate.com/akron-oh/best-mortgage-lenders/banks)
- 🥈 **#2** in Akron, OH for Conventional Loans
  - [View Full Rankings](https://saferate.com/akron-oh/best-mortgage-lenders/conventional-loans)
- 🥈 **#2** in Akron, OH for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/akron-oh/best-mortgage-lenders/banks/conventional-loans)
- 🥉 **#3** in Ohio for Conventional Loans
  - [View Full Rankings](https://saferate.com/ohio/best-mortgage-lenders/conventional-loans)
- 🥉 **#3** in Cincinnati, OH for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/cincinnati-oh/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#4** in Ohio Banks
  - [View Full Rankings](https://saferate.com/ohio/best-mortgage-lenders/banks)
- 🏆 **#4** in Cleveland, OH for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/cleveland-oh/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#4** in Columbus, OH for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/columbus-oh/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#5** in Cincinnati, OH Banks
  - [View Full Rankings](https://saferate.com/cincinnati-oh/best-mortgage-lenders/banks)
- 🏆 **#5** in Cincinnati, OH for Conventional Loans
  - [View Full Rankings](https://saferate.com/cincinnati-oh/best-mortgage-lenders/conventional-loans)
- 🏆 **#5** in Columbus, OH Banks
  - [View Full Rankings](https://saferate.com/columbus-oh/best-mortgage-lenders/banks)
- 🏆 **#6** in Ohio
  - [View Full Rankings](https://saferate.com/ohio/best-mortgage-lenders)
- 🏆 **#6** in Cleveland, OH for Jumbo Loans
  - [View Full Rankings](https://saferate.com/cleveland-oh/best-mortgage-lenders/jumbo-loans)
- 🏆 **#6** in Columbus, OH for Conventional Loans
  - [View Full Rankings](https://saferate.com/columbus-oh/best-mortgage-lenders/conventional-loans)

## Frequently Asked Questions

### What loan types does Third Federal Savings and Loan Association of Cleveland offer?

Third Federal Savings and Loan Association of Cleveland offers the following mortgage loan types: Conventional, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Third Federal Savings and Loan Association of Cleveland offer mortgages?

Third Federal Savings and Loan Association of Cleveland offers mortgages in 19 states: CA, CO, FL, GA, IL, IN, KY, MA, MD, MI, MO, NC, NJ, OH, OR, PA, TN, VA, WA.

### How competitive are Third Federal Savings and Loan Association of Cleveland's mortgage rates?

Third Federal Savings and Loan Association of Cleveland has a pricing score of 71/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.056% above market average.

### What type of lender is Third Federal Savings and Loan Association of Cleveland?

Third Federal Savings and Loan Association of Cleveland is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Cleveland, OH.

### What is Third Federal Savings and Loan Association of Cleveland's loan approval success rate?

Third Federal Savings and Loan Association of Cleveland has a pull-through score of 64/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/third-federal-savings-and-loan-association-of-cleveland

### How to Cite

> "Third Federal Savings and Loan Association of Cleveland Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/third-federal-savings-and-loan-association-of-cleveland

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