Third Federal Savings And Loan Association Of Cleveland Mortgage Rates, Fees & Info

Cleveland, OH

LEI: 5493008CPTDVOS570626

Tax ID: 34-0573493

2020 Data | 2019 Data | 2018 Data


Overview

Third Federal Savings And Loan Association Of Cleveland is a mid-sized mortgage company specializing in Refi, Cash Out Refi, and Home Purchase loans. Third Federal Savings And Loan Association Of Cleveland has a high proportion of conventional loans. Their top markets include Cleveland, Columbus, Cincinnati, Tampa, and Akron among others. They have an average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Third Federal Savings And Loan Association Of Cleveland is typically a low fee lendor.


Originations

27,798

Origination Dollar Volume (All Markets)

$4,739,240,000

Employee count

990

Awards

2020 Third Federal Savings and Loan Association of Cleveland Low Fee Award
Details

Relative Rate

Third Federal Savings And Loan Association Of Cleveland's average 30 year fixed rate mortgage was 3.17%.

The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.

This yields a difference of -0.19%.

Relative Fees

Third Federal Savings And Loan Association Of Cleveland's average total fees for a 30 year fixed rate mortgage are $2,222.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $5,021.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 27,798 $4,739,240,000 $170,489 $2,027 3.13%

For the 2020 period, Third Federal Savings And Loan Association Of Cleveland's most frequently originated loan type was Conventional, with 27,798 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 7,560 $1,308,850,000 $173,128 $1,632 3.13%
Other 5,913 $580,395,000 $98,156 $544 3.23%
Cash Out Refi 5,403 $1,337,095,000 $247,473 $1,956 3.00%
Home Purchase 5,074 $1,162,390,000 $229,088 $2,735 3.10%
Home Improvement 3,848 $350,510,000 $91,089 $259 3.22%

For the 2020, Third Federal Savings And Loan Association Of Cleveland's most frequently cited loan purpose was Refi, with 7,560 originations. The 2nd most popular reason was Other, with 5,913 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 21,454 $3,662,510,000 $170,715 $2,214 3.18%
10 Year 2,987 $475,835,000 $159,302 $962 3.03%
15 Year 2,830 $529,680,000 $187,166 $2,646 2.83%
Other 284 $48,540,000 $170,915 $1,851 3.10%
5 Year 160 $5,890,000 $36,813 $0 3.75%
20 Year 81 $16,585,000 $204,753 $2,517 3.16%
30+ year 2 $200,000 $100,000 $0 6.06%

For the 2020, Third Federal Savings And Loan Association Of Cleveland's most frequently cited loan length was 30 Year, with 21,454 originations. The 2nd most popular length was 10 Year, with 2,987 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 8,130 $1,706,960,000 $209,958
$1k-2k 6,775 $1,603,305,000 $236,650
$5k+ 390 $118,100,000 $302,821
$3k-4k 293 $61,205,000 $208,891
$2k-3k 144 $25,320,000 $175,833

$2,222 was Third Federal Savings And Loan Association Of Cleveland's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 8,130 originations.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
CLEVELAND-ELYRIA, OH 6,869 $1,009,855,000 $147,016 $2,484 3.10%
COLUMBUS, OH 2,625 $511,015,000 $194,672 $2,260 3.09%
CINCINNATI, OH-KY-IN 2,162 $376,780,000 $174,274 $2,169 3.10%
TAMPA-ST. PETERSBURG-CLEARWATER, FL 1,552 $249,620,000 $160,838 $1,549 3.19%
AKRON, OH 1,488 $221,850,000 $149,093 $2,410 3.09%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 791 $148,655,000 $187,933 $1,551 3.17%
NORTH PORT-SARASOTA-BRADENTON, FL 581 $106,875,000 $183,950 $1,434 3.15%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 544 $94,380,000 $173,493 $1,824 3.23%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 448 $90,620,000 $202,277 $1,016 3.11%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 373 $83,965,000 $225,107 $2,161 3.25%
CAPE CORAL-FORT MYERS, FL 462 $80,480,000 $174,199 $1,585 3.19%
SEATTLE-BELLEVUE-KENT, WA 315 $79,605,000 $252,714 $1,875 3.09%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 437 $73,975,000 $169,279 $1,314 3.14%
Outside of Metro Areas 508 $73,870,000 $145,413 $2,067 3.15%
LOS ANGELES-LONG BEACH-GLENDALE, CA 387 $67,935,000 $175,543 $1,755 3.24%
OAKLAND-BERKELEY-LIVERMORE, CA 282 $66,660,000 $236,383 $1,575 3.19%
DENVER-AURORA-LAKEWOOD, CO 396 $66,350,000 $167,551 $1,337 3.15%
NAPLES-MARCO ISLAND, FL 326 $66,220,000 $203,129 $1,336 3.16%
CHICAGO-NAPERVILLE-EVANSTON, IL 363 $66,175,000 $182,300 $1,127 3.09%
ANAHEIM-SANTA ANA-IRVINE, CA 269 $53,865,000 $200,242 $1,567 3.14%
CHARLOTTE-CONCORD-GASTONIA, NC-SC 267 $52,175,000 $195,412 $1,232 3.09%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 283 $51,955,000 $183,587 $1,171 3.11%
NEW BRUNSWICK-LAKEWOOD, NJ 267 $49,695,000 $186,124 $1,100 3.15%
RALEIGH-CARY, NC 217 $45,415,000 $209,286 $927 3.11%
ORLANDO-KISSIMMEE-SANFORD, FL 233 $42,025,000 $180,365 $1,358 3.11%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 130 $34,920,000 $268,615 $1,582 3.09%
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 143 $33,715,000 $235,769 $1,281 3.13%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 177 $32,475,000 $183,475 $1,616 3.19%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 171 $32,385,000 $189,386 $1,374 3.14%
NEWARK, NJ-PA 161 $32,095,000 $199,348 $1,537 3.17%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 170 $31,230,000 $183,706 $1,200 3.14%
CANTON-MASSILLON, OH 170 $27,270,000 $160,412 $2,337 3.10%
MIAMI-MIAMI BEACH-KENDALL, FL 139 $25,605,000 $184,209 $2,587 3.12%
BALTIMORE-COLUMBIA-TOWSON, MD 115 $21,925,000 $190,652 $1,887 3.05%
SACRAMENTO-ROSEVILLE-FOLSOM, CA 138 $21,910,000 $158,768 $1,269 3.26%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 79 $19,395,000 $245,506 $904 3.13%
JACKSONVILLE, FL 110 $19,170,000 $174,273 $1,643 3.12%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 135 $18,605,000 $137,815 $1,400 3.15%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 93 $17,645,000 $189,731 $1,235 3.09%
NASSAU COUNTY-SUFFOLK COUNTY, NY 91 $16,845,000 $185,110 $2,798 3.30%
BOSTON, MA 77 $15,815,000 $205,390 $2,123 3.23%
PORT ST. LUCIE, FL 80 $15,140,000 $189,250 $1,370 3.22%
BRIDGEPORT-STAMFORD-NORWALK, CT 61 $14,485,000 $237,459 $1,440 3.02%
INDIANAPOLIS-CARMEL-ANDERSON, IN 88 $13,870,000 $157,614 $894 3.09%
RICHMOND, VA 88 $13,270,000 $150,795 $566 3.14%
PHILADELPHIA, PA 74 $12,800,000 $172,973 $1,759 3.14%
DURHAM-CHAPEL HILL, NC 71 $12,765,000 $179,789 $1,369 3.01%
ST. LOUIS, MO-IL 79 $12,425,000 $157,278 $1,041 3.18%
CAMDEN, NJ 79 $12,155,000 $153,861 $1,225 3.10%
DAYTON-KETTERING, OH 79 $11,775,000 $149,051 $2,225 3.10%
TRENTON-PRINCETON, NJ 43 $10,285,000 $239,186 $1,255 3.05%
OXNARD-THOUSAND OAKS-VENTURA, CA 63 $9,955,000 $158,016 $855 3.19%
PITTSBURGH, PA 61 $9,905,000 $162,377 $1,470 3.08%
BOULDER, CO 54 $9,050,000 $167,593 $1,520 3.22%
PALM BAY-MELBOURNE-TITUSVILLE, FL 54 $8,950,000 $165,741 $1,713 3.23%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 76 $8,770,000 $115,395 $0 3.16%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 56 $8,270,000 $147,679 $1,076 3.20%
SAN RAFAEL, CA 36 $8,150,000 $226,389 $2,529 3.36%
PUNTA GORDA, FL 61 $8,005,000 $131,230 $1,031 3.29%
TOLEDO, OH 52 $7,870,000 $151,346 $2,056 2.94%
COLORADO SPRINGS, CO 34 $7,720,000 $227,059 $1,893 3.15%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 48 $7,510,000 $156,458 $1,496 3.07%
LAKE COUNTY-KENOSHA COUNTY, IL-WI 38 $7,300,000 $192,105 $1,679 3.01%
TACOMA-LAKEWOOD, WA 43 $6,765,000 $157,326 $3,471 3.13%
THE VILLAGES, FL 36 $6,750,000 $187,500 $625 3.13%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 50 $6,450,000 $129,000 $1,638 3.09%
ASHEVILLE, NC 37 $6,375,000 $172,297 $932 3.20%
GREENSBORO-HIGH POINT, NC 43 $6,345,000 $147,558 $1,602 3.05%
ELGIN, IL 43 $6,345,000 $147,558 $662 3.20%
LAKELAND-WINTER HAVEN, FL 44 $6,340,000 $144,091 $1,222 3.09%
MEMPHIS, TN-MS-AR 34 $6,330,000 $186,176 $1,314 3.10%
FORT COLLINS, CO 31 $6,285,000 $202,742 $1,138 3.31%
LOUISVILLE/JEFFERSON COUNTY, KY-IN 45 $6,085,000 $135,222 $1,370 3.18%
SANTA ROSA-PETALUMA, CA 37 $6,055,000 $163,649 $830 3.20%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 44 $5,570,000 $126,591 $1,254 3.11%
WORCESTER, MA-CT 23 $4,955,000 $215,435 $945 3.23%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 39 $4,945,000 $126,795 $2,391 3.14%
WARREN-TROY-FARMINGTON HILLS, MI 46 $4,710,000 $102,391 $0 3.37%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 15 $4,485,000 $299,000 $1,661 3.22%
FRESNO, CA 23 $4,485,000 $195,000 $804 3.27%
WINSTON-SALEM, NC 27 $4,415,000 $163,519 $1,233 3.12%
KNOXVILLE, TN 28 $3,930,000 $140,357 $1,422 3.22%
NEW HAVEN-MILFORD, CT 24 $3,890,000 $162,083 $1,002 3.03%
BEND, OR 21 $3,805,000 $181,190 $1,124 3.18%
KANSAS CITY, MO-KS 25 $3,705,000 $148,200 $1,844 3.10%
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 19 $3,485,000 $183,421 $1,281 2.92%
BREMERTON-SILVERDALE-PORT ORCHARD, WA 13 $3,485,000 $268,077 $2,144 2.82%
SANTA MARIA-SANTA BARBARA, CA 22 $3,380,000 $153,636 $3,419 3.17%
BUFFALO-CHEEKTOWAGA, NY 27 $3,375,000 $125,000 $2,351 3.29%
OCALA, FL 25 $3,265,000 $130,600 $2,346 3.16%
KENNEWICK-RICHLAND, WA 19 $3,135,000 $165,000 $519 3.12%
LANCASTER, PA 24 $3,050,000 $127,083 $639 3.13%
SPOKANE-SPOKANE VALLEY, WA 25 $3,045,000 $121,800 $1,846 3.22%
TALLAHASSEE, FL 22 $3,030,000 $137,727 $905 3.19%
PENSACOLA-FERRY PASS-BRENT, FL 17 $3,025,000 $177,941 $1,260 3.13%
GREELEY, CO 21 $3,005,000 $143,095 $1,114 3.17%
MANCHESTER-NASHUA, NH 18 $2,930,000 $162,778 $1,558 2.96%
WILMINGTON, NC 16 $2,900,000 $181,250 $341 3.15%
STOCKTON, CA 19 $2,795,000 $147,105 $806 3.15%
MODESTO, CA 18 $2,570,000 $142,778 $833 3.22%
SEBASTIAN-VERO BEACH, FL 17 $2,395,000 $140,882 $932 3.37%
BELLINGHAM, WA 16 $2,390,000 $149,375 $893 3.19%
SANTA CRUZ-WATSONVILLE, CA 16 $2,390,000 $149,375 $148 3.43%
SAVANNAH, GA 18 $2,340,000 $130,000 $1,331 3.33%
CHATTANOOGA, TN-GA 18 $2,330,000 $129,444 $1,001 3.17%
VALLEJO, CA 20 $2,200,000 $110,000 $883 3.24%
ROCHESTER, NY 18 $2,200,000 $122,222 $1,301 3.44%
HICKORY-LENOIR-MORGANTON, NC 18 $2,190,000 $121,667 $1,434 3.22%
READING, PA 20 $2,190,000 $109,500 $1,256 2.89%
GAINESVILLE, FL 15 $2,175,000 $145,000 $1,227 3.13%
SPRINGFIELD, MA 15 $2,165,000 $144,333 $723 3.26%
SALINAS, CA 11 $2,155,000 $195,909 $3,348 3.16%
HARRISBURG-CARLISLE, PA 13 $2,145,000 $165,000 $1,828 3.06%
PROVIDENCE-WARWICK, RI-MA 14 $2,050,000 $146,429 $933 3.12%
DETROIT-DEARBORN-LIVONIA, MI 18 $2,030,000 $112,778 $0 3.38%
YORK-HANOVER, PA 19 $1,965,000 $103,421 $388 3.32%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 10 $1,960,000 $196,000 $767 3.12%
SAN LUIS OBISPO-PASO ROBLES, CA 14 $1,940,000 $138,571 $295 2.99%
EUGENE-SPRINGFIELD, OR 13 $1,865,000 $143,462 $403 3.22%
CLEVELAND, TN 6 $1,820,000 $303,333 $1,036 2.89%
GARY, IN 12 $1,770,000 $147,500 $1,068 3.35%
HOMOSASSA SPRINGS, FL 15 $1,765,000 $117,667 $1,064 3.19%
BARNSTABLE TOWN, MA 9 $1,715,000 $190,556 $295 3.24%
NAPA, CA 10 $1,670,000 $167,000 $1,856 3.21%
MEDFORD, OR 12 $1,630,000 $135,833 $1,347 3.17%
SALEM, OR 17 $1,625,000 $95,588 $990 3.28%
GAINESVILLE, GA 10 $1,560,000 $156,000 $1,076 3.14%
CHARLOTTESVILLE, VA 12 $1,550,000 $129,167 $5,907 3.47%
ALBANY-SCHENECTADY-TROY, NY 10 $1,500,000 $150,000 $1,256 3.29%
OLYMPIA-LACEY-TUMWATER, WA 10 $1,500,000 $150,000 $1,096 3.08%
BAKERSFIELD, CA 11 $1,375,000 $125,000 $841 3.16%
ATHENS-CLARKE COUNTY, GA 8 $1,350,000 $168,750 $295 3.36%
LEXINGTON-FAYETTE, KY 10 $1,330,000 $133,000 $677 3.32%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 11 $1,255,000 $114,091 $595 3.52%
SALISBURY, MD-DE 8 $1,200,000 $150,000 $320 3.17%
SPRINGFIELD, OH 9 $1,175,000 $130,556 $1,090 3.37%
GRANTS PASS, OR 5 $1,165,000 $233,000 $295 3.40%
MANSFIELD, OH 11 $1,115,000 $101,364 $1,159 3.06%
ATLANTIC CITY-HAMMONTON, NJ 8 $1,100,000 $137,500 $1,019 2.97%
CHICO, CA 3 $1,075,000 $358,333 $295 3.09%
JACKSON, TN 2 $1,070,000 $535,000 $13,141 2.57%
FAYETTEVILLE, NC 7 $1,015,000 $145,000 $295 3.26%
WENATCHEE, WA 7 $1,005,000 $143,571 $295 3.32%
FORT WAYNE, IN 9 $995,000 $110,556 $1,039 3.17%
ANN ARBOR, MI 6 $950,000 $158,333 $0 3.40%
GRAND RAPIDS-KENTWOOD, MI 5 $945,000 $189,000 $0 2.99%
STAUNTON, VA 5 $935,000 $187,000 $295 3.20%
GRAND JUNCTION, CO 9 $925,000 $102,778 $458 3.40%
YUBA CITY, CA 7 $905,000 $129,286 $2,984 3.13%
YAKIMA, WA 6 $850,000 $141,667 $295 3.17%
AUGUSTA-RICHMOND COUNTY, GA-SC 6 $850,000 $141,667 $295 3.20%
SCRANTON--WILKES-BARRE, PA 4 $830,000 $207,500 $2,181 3.42%
GREENVILLE, NC 5 $825,000 $165,000 $1,636 2.84%
MORRISTOWN, TN 5 $805,000 $161,000 $2,998 3.21%
ERIE, PA 5 $785,000 $157,000 $1,778 3.27%
MILWAUKEE-WAUKESHA, WI 9 $775,000 $86,111 $0 3.24%
CORVALLIS, OR 4 $760,000 $190,000 $6,965 3.07%
EAST STROUDSBURG, PA 6 $750,000 $125,000 $1,357 3.20%
ALBANY-LEBANON, OR 5 $745,000 $149,000 $1,457 3.33%
NORWICH-NEW LONDON, CT 7 $745,000 $106,429 $865 3.23%
ROANOKE, VA 8 $730,000 $91,250 $1,128 3.41%
EVANSVILLE, IN-KY 2 $720,000 $360,000 $2,786 2.92%
WINCHESTER, VA-WV 4 $720,000 $180,000 $295 2.92%
PANAMA CITY, FL 4 $690,000 $172,500 $963 3.10%
HUNTINGTON-ASHLAND, WV-KY-OH 5 $665,000 $133,000 $2,515 3.04%
REDDING, CA 6 $660,000 $110,000 $295 3.42%
CHAMPAIGN-URBANA, IL 3 $655,000 $218,333 $295 3.27%
MERCED, CA 5 $635,000 $127,000 $295 3.10%
BURLINGTON, NC 3 $595,000 $198,333 $295 2.91%
JOHNSON CITY, TN 4 $590,000 $147,500 $295 3.13%
BLOOMINGTON, IN 3 $585,000 $195,000 $295 3.07%
CALIFORNIA-LEXINGTON PARK, MD 4 $580,000 $145,000 $1,565 2.89%
DES MOINES-WEST DES MOINES, IA 4 $570,000 $142,500 $0 3.62%
SEBRING-AVON PARK, FL 2 $560,000 $280,000 $1,396 2.92%
LYNCHBURG, VA 5 $545,000 $109,000 $295 3.01%
STATE COLLEGE, PA 4 $520,000 $130,000 $295 3.20%
HAGERSTOWN-MARTINSBURG, MD-WV 3 $515,000 $171,667 $1,747 2.92%
COLUMBIA, MO 3 $485,000 $161,667 $458 3.27%
BLACKSBURG-CHRISTIANSBURG, VA 3 $455,000 $151,667 $0 3.49%
BLOOMINGTON, IL 4 $450,000 $112,500 $1,794 3.23%
WILMINGTON, DE-MD-NJ 4 $430,000 $107,500 $0 3.37%
ROME, GA 2 $430,000 $215,000 $295 3.57%
KALAMAZOO-PORTAGE, MI 3 $425,000 $141,667 $0 2.57%
VISALIA, CA 3 $415,000 $138,333 $148 3.52%
SOUTH BEND-MISHAWAKA, IN-MI 5 $415,000 $83,000 $295 3.22%
MOUNT VERNON-ANACORTES, WA 4 $410,000 $102,500 $0 3.62%
OCEAN CITY, NJ 3 $405,000 $135,000 $295 3.17%
ELKHART-GOSHEN, IN 3 $365,000 $121,667 $295 3.29%
SPRINGFIELD, MO 3 $345,000 $115,000 $295 3.57%
GLENS FALLS, NY 2 $340,000 $170,000 $2,912 3.59%
ROCKFORD, IL 3 $335,000 $111,667 $1,779 3.21%
BOWLING GREEN, KY 1 $295,000 $295,000 $3,350 2.95%
MIDLAND, MI 2 $290,000 $145,000 $0 2.99%
LONGVIEW, WA 2 $280,000 $140,000 $0 2.99%
HANFORD-CORCORAN, CA 2 $280,000 $140,000 $3,284 3.14%
ITHACA, NY 1 $275,000 $275,000 $2,997 3.39%
HARRISONBURG, VA 2 $270,000 $135,000 $2,904 3.07%
MICHIGAN CITY-LA PORTE, IN 4 $270,000 $67,500 $295 3.42%
KOKOMO, IN 3 $255,000 $85,000 $295 2.91%
JACKSON, MI 2 $250,000 $125,000 $0 2.99%
CARBONDALE-MARION, IL 2 $250,000 $125,000 $1,319 3.08%
PITTSFIELD, MA 2 $240,000 $120,000 $295 3.37%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 2 $240,000 $120,000 $0 3.12%
LEBANON, PA 2 $220,000 $110,000 $0 3.37%
MACON-BIBB COUNTY, GA 2 $210,000 $105,000 $0 3.22%
MADISON, WI 1 $205,000 $205,000 $0 3.24%
LAFAYETTE-WEST LAFAYETTE, IN 2 $200,000 $100,000 $295 3.32%
EL CENTRO, CA 2 $200,000 $100,000 $295 2.89%
KINGSPORT-BRISTOL, TN-VA 3 $195,000 $65,000 $2,757 3.54%
CAPE GIRARDEAU, MO-IL 1 $195,000 $195,000 $8,433 2.64%
CHAMBERSBURG-WAYNESBORO, PA 1 $195,000 $195,000 $295 3.29%
LIMA, OH 1 $175,000 $175,000 $3,682 2.89%
MADERA, CA 2 $170,000 $85,000 $0 3.37%
GREEN BAY, WI 2 $170,000 $85,000 $0 3.09%
COLUMBUS, IN 1 $165,000 $165,000 $295 3.14%
NEW BERN, NC 4 $160,000 $40,000 $0 3.55%
DALTON, GA 1 $145,000 $145,000 $0 2.99%
ST. JOSEPH, MO-KS 1 $135,000 $135,000 $295 2.99%
PEORIA, IL 1 $125,000 $125,000 $295 2.79%
UTICA-ROME, NY 1 $105,000 $105,000 $0 3.74%
ELIZABETHTOWN-FORT KNOX, KY 1 $105,000 $105,000 $0 3.74%
KINGSTON, NY 1 $105,000 $105,000 $0 3.74%
SIOUX CITY, IA-NE-SD 1 $95,000 $95,000 $0 2.99%
CLARKSVILLE, TN-KY 1 $85,000 $85,000 $2,854 2.69%
WHEELING, WV-OH 1 $85,000 $85,000 $0 3.99%
ROCHESTER, MN 1 $75,000 $75,000 $0 2.99%
APPLETON, WI 1 $75,000 $75,000 $0 3.74%
COLUMBUS, GA-AL 1 $65,000 $65,000 $0 2.99%
AMES, IA 1 $65,000 $65,000 $0 3.74%
BRUNSWICK, GA 1 $55,000 $55,000 $0 2.99%
BLOOMSBURG-BERWICK, PA 1 $55,000 $55,000 $2,637 2.59%
PUEBLO, CO 1 $55,000 $55,000 $295 3.69%
FARGO, ND-MN 1 $35,000 $35,000 $0 2.99%
VINELAND-BRIDGETON, NJ 1 $25,000 $25,000 $0 2.99%
WALLA WALLA, WA 1 $25,000 $25,000 $0 3.19%
DULUTH, MN-WI 1 $25,000 $25,000 $0 2.99%
ALTOONA, PA 1 $25,000 $25,000 $0 3.74%
OMAHA-COUNCIL BLUFFS, NE-IA 1 $25,000 $25,000 $0 3.74%
BINGHAMTON, NY 1 $15,000 $15,000 $0 3.74%
HINESVILLE, GA 1 $15,000 $15,000 $0 2.99%

Third Federal Savings And Loan Association Of Cleveland's top markets include Cleveland, Columbus, Cincinnati, Tampa, and Akron among others.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 13,338 $2,179,120,000 $163,377
2.5-3% 11,908 $2,131,690,000 $179,013
<2.5% 2,244 $410,860,000 $183,093
4-5% 303 $17,235,000 $56,881
6-7% 4 $250,000 $62,500
5-6% 1 $85,000 $85,000

During 2020, Third Federal Savings And Loan Association Of Cleveland's average interest rate was 3.17%, while their most frequently originated rate bucket was 3-4%, with 13,338 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 10,430 $1,477,300,000 $141,640 $1,809 3.09%
$100,000 or less 8,526 $479,030,000 $56,185 $1,231 3.27%
$200k-400k 7,206 $1,854,550,000 $257,362 $2,424 3.06%
$400k-600k 1,097 $520,845,000 $474,790 $2,795 2.99%
$600k-1MM 510 $378,370,000 $741,902 $2,181 2.88%
$1MM+ 29 $29,145,000 $1,005,000 $4,441 2.77%

2020 saw Third Federal Savings And Loan Association Of Cleveland place emphasis on $100k-200k loans with 10,430 originations, totaling $1,477,300,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$150k-250k 7,219 $1,444,085,000 $200,039 $2,079 3.10%
$100k-150k 7,038 $1,138,140,000 $161,714 $2,097 3.13%
$75k-100k 4,067 $550,665,000 $135,398 $1,973 3.15%
$50k-75k 3,844 $453,140,000 $117,882 $1,912 3.19%
$250k+ 3,351 $925,425,000 $276,164 $2,230 3.06%
$50k or less 2,151 $209,165,000 $97,241 $1,748 3.22%

Third Federal Savings And Loan Association Of Cleveland lent most frequently to those with incomes in the $150k-250k range, with 7,219 originations. The second most popular income band? $100k-150k, with 7,038 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 10,665 $1,874,725,000 $175,783 $2,025 3.11%
30-36% 6,816 $1,203,120,000 $176,514 $1,784 3.13%
<20% 6,526 $1,042,200,000 $159,700 $2,138 3.07%
36% 801 $128,325,000 $160,206 $2,110 3.21%
40% 598 $89,190,000 $149,147 $1,773 3.45%
37% 532 $98,820,000 $185,752 $2,267 3.29%
38% 485 $83,065,000 $171,268 $1,987 3.34%
39% 408 $69,820,000 $171,127 $2,017 3.38%
41% 362 $47,630,000 $131,575 $2,392 3.49%
42% 100 $19,280,000 $192,800 $3,393 3.09%
44% 86 $15,310,000 $178,023 $2,844 3.12%
>60% 75 $10,875,000 $145,000 $1,584 2.93%
43% 70 $12,830,000 $183,286 $2,537 3.15%
49% 64 $10,250,000 $160,156 $2,808 3.11%
45% 54 $9,030,000 $167,222 $2,790 3.07%
46% 48 $6,280,000 $130,833 $2,082 3.16%
47% 46 $8,300,000 $180,435 $3,711 2.98%
48% 37 $6,625,000 $179,054 $2,903 3.13%
50-60% 15 $2,775,000 $185,000 $3,884 2.88%

Third Federal Savings And Loan Association Of Cleveland lent most frequently to those with DTI ratios of 20-30%, with 10,665 originations. The next most common DTI ratio? 30-36%, with 6,816 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 21,341 $3,542,695,000 $166,004 $2,055 3.14%
Not provided 3,969 $689,525,000 $173,728 $1,984 3.10%
Asian 1,328 $293,030,000 $220,655 $1,883 3.08%
Asian Indian 358 $88,500,000 $247,207 $1,543 3.01%
Black 496 $72,770,000 $146,714 $1,914 3.15%
Other Asian 65 $11,375,000 $175,000 $998 3.07%
Chinese 51 $10,855,000 $212,843 $1,937 3.09%
American Indian 72 $10,720,000 $148,889 $1,813 3.16%
Filipino 36 $6,570,000 $182,500 $900 3.22%
Vietnamese 22 $4,740,000 $215,455 $2,404 3.06%
Native Hawaiian 28 $4,200,000 $150,000 $1,990 3.17%
Japanese 14 $1,750,000 $125,000 $1,147 3.18%
Korean 10 $1,310,000 $131,000 $295 3.18%
Other Pacific Islander 5 $775,000 $155,000 $295 2.88%
2 $320,000 $160,000 $4,417 2.57%
Native Hawiian 1 $105,000 $105,000 $2,420 2.89%

Approval Rates

Total approvals of all applications
78.73%

Third Federal Savings And Loan Association Of Cleveland has a below average approval rate.

Pick Rate

Approvals leading to origination
77.70%

Third Federal Savings And Loan Association Of Cleveland has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 27,798 $4,739,240,000 $170,489

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Site-Built 27,798 $4,739,240,000 $170,489

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 6,139 $783,275,000 $127,590 $1,246 3.16%
40-60% 4,927 $928,975,000 $188,548 $1,795 3.02%
60-80% 6,721 $1,677,645,000 $249,612 $2,359 3.04%
80-100% 3,220 $845,300,000 $262,516 $2,485 3.12%
Under 20% 6,781 $503,255,000 $74,215 $235 3.27%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Third Federal Savings and Loan Association of Cleveland 13908 Cedar Road University Heights, OH 44118 Full Service B&M $143,257
Third Federal Savings and Loan Association of Cleveland 1410 Pine Ridge Road Naples, FL 34108 Full Service B&M $159,097
Third Federal Savings and Loan Association of Cleveland 15086 Jog Road Delray Beach, FL 33446 Full Service B&M $200,668
Third Federal Savings and Loan Association of Cleveland 1616 Snow Road Parma, OH 44134 Full Service B&M $490,041
Third Federal Savings and Loan Association of Cleveland 18380 Royalton Road Strongsville, OH 44136 Full Service B&M $294,215
Third Federal Savings and Loan Association of Cleveland 1900 West 25th Street Cleveland, OH 44113 Full Service B&M $58,531
Third Federal Savings and Loan Association of Cleveland 21651 Center Ridge Road Rocky River, OH 44116 Full Service B&M $286,591
Third Federal Savings and Loan Association of Cleveland 22332 Lake Shore Blvd. Euclid, OH 44123 Full Service B&M $96,781
Third Federal Savings and Loan Association of Cleveland 2360 North University Drive Coral Springs, FL 33065 Full Service B&M $91,306
Third Federal Savings and Loan Association of Cleveland 25301 South Tamiami Trail Bonita Springs, FL 34134 Full Service B&M $94,398
Third Federal Savings and Loan Association of Cleveland 262 37th Avenue North Saint Petersburg, FL 33704 Full Service B&M $182,604
Third Federal Savings and Loan Association of Cleveland 6125 Lake Worth Road Greenacres, FL 33463 Full Service B&M $188,042
Third Federal Savings and Loan Association of Cleveland 6849 Pearl Road Middleburg Heights, OH 44130 Full Service B&M $465,193
Third Federal Savings and Loan Association of Cleveland 70 S Dixie Hwy, Suite B Boca Raton, FL 33432 Full Service B&M $119,243
Third Federal Savings and Loan Association of Cleveland 7007 Broadway Avenue Cleveland, OH 44105 Full Service B&M $1,070,826
Third Federal Savings and Loan Association of Cleveland 7339 Mentor Avenue Mentor, OH 44060 Full Service B&M $375,336
Third Federal Savings and Loan Association of Cleveland 7750 Seminole Boulevard Seminole, FL 33772 Full Service B&M $280,459
Third Federal Savings and Loan Association of Cleveland 8270 Ridge Road Port Richey, FL 34668 Full Service B&M $238,723
Third Federal Savings and Loan Association of Cleveland 8500 West Broward Boulevard Plantation, FL 33324 Full Service B&M $109,343
Third Federal Savings and Loan Association of Cleveland 8943 Brecksville Road Brecksville, OH 44141 Full Service B&M $461,412
Third Federal Savings and Loan Association of Cleveland 9057 Darrow Road Twinsburg, OH 44087 Full Service B&M $246,828
Third Federal Savings and Loan Association of Cleveland 929 East Hallandale Beach Boulevard Hallandale, FL 33009 Full Service B&M $71,962
Third Federal Savings and Loan Association of Cleveland 10642 Lorain Avenue Cleveland, OH 44111 Full Service B&M $102,323
Third Federal Savings and Loan Association of Cleveland 11701 Us Highway 1, Suite B North Palm Beach, FL 33408 Full Service B&M $227,462
Third Federal Savings and Loan Association of Cleveland 11707 N Dale Mabry Highway Tampa, FL 33618 Full Service B&M $125,842
Third Federal Savings and Loan Association of Cleveland 12594 Rockside Road Garfield Heights, OH 44125 Full Service B&M $231,864
Third Federal Savings and Loan Association of Cleveland 26949 Lorain Road North Olmsted, OH 44070 Full Service B&M $403,085
Third Federal Savings and Loan Association of Cleveland 2875 West Market Street Fairlawn, OH 44333 Full Service B&M $166,919
Third Federal Savings and Loan Association of Cleveland 29247 Us. Hwy. 19 North Clearwater, FL 33761 Full Service B&M $245,982
Third Federal Savings and Loan Association of Cleveland 35592 Detroit Road Avon, OH 44011 Full Service B&M $223,153
Third Federal Savings and Loan Association of Cleveland 3890 Center Road Brunswick, OH 44212 Full Service B&M $271,907
Third Federal Savings and Loan Association of Cleveland 4018 Medina Rd, Suite A Medina, OH 44256 Full Service B&M $166,026
Third Federal Savings and Loan Association of Cleveland 4048 Jenkins Place Sarasota, FL 34238 Full Service B&M $308,272
Third Federal Savings and Loan Association of Cleveland 490 Howe Avenue Cuyahoga Falls, OH 44221 Full Service B&M $171,834
Third Federal Savings and Loan Association of Cleveland 5030 S Cleveland Avenue Fort Myers, FL 33907 Full Service B&M $177,258
Third Federal Savings and Loan Association of Cleveland 5780 Mayfield Road Mayfield Heights, OH 44124 Full Service B&M $394,991
Third Federal Savings and Loan Association of Cleveland 5950 Ridge Road Parma, OH 44129 Full Service B&M $424,603

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $433,799
Net interest income $230,182
Total noninterest income $54,860
Gross Fiduciary activities income $0
Service charges on deposit accounts $229
Trading account gains and fees $0
Additional Noninterest Income $54,631
Pre-tax net operating income $99,148
Securities gains (or losses, -) $0
Income before extraordinary items $79,236
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $79,236
Minority interest net income $0
Net income $79,236
Sale, conversion, retirement of capital stock, net $0
Net operating income $79,236

Bank Expenses

Item Value (in 000's)
Total interest expense $203,617
Provision for credit losses $4,000
Total noninterest expense $181,894
Salaries and employee benefits $101,726
Premises and equipment expense $25,541
Additional noninterest expense $54,627
Applicable income taxes $19,912
Net charge-offs $-4,904
Cash dividends $55,000

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 0.0%
Real Estate loans 0.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 0.0%
Multifamily residential loans 0.0%
1-4 family residential loans 0.0%
HELOC loans 0.0%
All other family 0.0%
Commercial & industrial loans 0.0%
Personal loans 0.0%
Credit card loans 0.0%
Other individual loans 0.0%
Auto loans 0.0%
Other consumer loans 0.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $9,388,124
Deposits held in domestic offices $9,388,124
Deposits by Individuals, partnerships, and corporations $9,388,084
Deposits by U.S. Government $40
Deposits by States and political subdivisions in the U.S. $0
Deposits by Commercial banks and other depository institutions in U.S. $0
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $118,236
Demand deposits $10,784
Nontransaction accounts $9,269,888
Money market deposit accounts (MMDAs) $555,681
Other savings deposits (excluding MMDAs) $2,288,935
Total time deposits $6,425,272
Total time and savings deposits $9,377,340
Noninterest-bearing deposits $200,349
Interest-bearing deposits $9,187,775
Retail deposits $8,145,354
IRAs and Keogh plan accounts $1,086,748
Brokered deposits $529,203
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $14,549,040
Cash & Balances due from depository institutions $493,551
Interest-bearing balances $470,632
Total securities $447,609
Federal funds sold & reverse repurchase $0
Net loans and leases $13,010,796
Loan and leases loss allowance $70,290
Trading account assets $0
Bank premises and fixed assets $56,019
Other real estate owned $102
Goodwill and other intangibles $15,354
All other assets $525,609

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $14,549,040
Total Liabilities $13,180,038
Total deposits $9,388,124
Interest-bearing deposits $9,187,775
Deposits held in domestic offices $9,388,124
% insured (estimated) $96
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $3,709,524
Subordinated debt $0
All other liabilities $82,390

Issued Loan Types

Type Value (in 000's)
Net loans and leases $13,010,796
Loan and leases loss allowance $70,290
Total loans and leases (domestic) $13,081,086
All real estate loans $13,077,449
Real estate loans in domestic offices $13,077,449
Construction and development loans $22,774
Residential 1-4 family construction $22,694
Other construction, all land development and other land $80
Loans secured by nonfarm nonresidential properties $0
Nonfarm nonresidential secured by owner-occupied properties $0
Commercial real estate & other non-farm, non-residential $0
Multifamily residential real estate $2,941
1-4 family residential loans $13,051,734
Farmland loans $0
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $0
To non-U.S. addressees $0
Loans to individuals $2,637
Credit card loans $0
Related Plans $0
Consumer Auto Loans $0
Other loans to individuals $2,637
All other loans & leases $1,000
Loans to foreign governments and official institutions $0
Other loans $1,000
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $0
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $95,458
Non 1-4 family restructured loans & leases $53
Total loans and leases (foreign) $0

Small Business Loans

Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan