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Third Federal Savings and Loan Association of Cleveland
Bank|Cleveland, OH|Multi-Region
Loans Originated
2,306
Applications
3,379
Volume
$594 million
Offers loans directly to consumers
Overall Pricing
Strong
Overall Pull Through
Strong
Safe Rate Awards⭐Conventional Superstar⭐Purchase Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.056%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$779
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
68.2%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Competitive pricing compared to the market
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and Jumbo loans
Report Card
Third Federal Savings and Loan Association of Cleveland performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Strong | Highly Competitive | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Exceptional | Market Leader | |
Jumbo | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | Multi-Regional · 17 metro areas · 19 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$257,923
Average Borrower Income
$143,951
Average Property Value
$405,928
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Exceptional | Strong | Strong | 2,283 | 99.0% | +0.058% | $779 |
Jumbo Loans | Sound | Strong | N/A | Sound | 23 | 1.0% | -0.093% | $749 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Strong | Strong | Sound | 1,965 | 85.2% | +0.079% | $839 |
Refinance | Strong | Strong | Strong | Sound | 341 | 14.8% | -0.091% | $394 |
Geographic Coverage
Metro Areas
16
States Served
19
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
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Top Metro Areas by Place Specialization Score
1
Cleveland, OH, OHMSA
Volume: 1,076Mix: 46.66%
Place Specialization
Exceptional
2
Akron, OH, OHMSA
Volume: 202Mix: 8.76%
Place Specialization
Exceptional
3
Cincinnati, OHMSA
Volume: 258Mix: 11.19%
Place Specialization
Exceptional
4
Columbus, OH, OHMSA
Volume: 217Mix: 9.41%
Place Specialization
Strong
5
St. Petersburg, FLMSA
Volume: 42Mix: 1.82%
Place Specialization
Sound
6
Naples, FLMSA
Volume: 25Mix: 1.08%
Place Specialization
Sound
7
Fort Lauderdale, FLMSA
Volume: 45Mix: 1.95%
Place Specialization
Sound
8
West Palm Beach, FLMSA
Volume: 37Mix: 1.60%
Place Specialization
Sound
9
Tampa, FL, FLMSA
Volume: 46Mix: 1.99%
Place Specialization
Sound
10
Cape Coral, FLMSA
Volume: 32Mix: 1.39%
Place Specialization
Sound
Showing 10 of 16 metro areas
Top States by Place Specialization Score
1
OHState
Volume: 1,805Mix: 78.27%
Place Specialization
Exceptional
2
FLState
Volume: 329Mix: 14.27%
Place Specialization
Strong
3
KYState
Volume: 39Mix: 1.69%
Place Specialization
Sound
4
PAState
Volume: 18Mix: 0.78%
Place Specialization
Sound
5
NJState
Volume: 15Mix: 0.65%
Place Specialization
Sound
6
INState
Volume: 16Mix: 0.69%
Place Specialization
Sound
7
NCState
Volume: 18Mix: 0.78%
Place Specialization
Acceptable
8
VAState
Volume: 14Mix: 0.61%
Place Specialization
Acceptable
9
GAState
Volume: 13Mix: 0.56%
Place Specialization
Acceptable
10
TNState
Volume: 11Mix: 0.48%
Place Specialization
Acceptable
Showing 10 of 11 states
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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