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Ohio's Third Federal Adds Three States to Home Lending Expansion

MAY 29, 2014 10:50am ET
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Cleveland's Third Federal Savings and Loan is adding three states to its growing national home lending presence.

The $11.5-billion-asset Third Federal, which is a wholly owned subsidiary of TFS Financial, announced Thursday that it will provide first mortgage refinance loans and home equity lines of credit to borrowers in Connecticut, Colorado and Oregon.

Since February, Third Federal Savings and Loan has expanded its home equity product offering to 15 states. In addition to the three new states, TSFL's products are also available in California, Colorado, Florida, Illinois, Kentucky, Maryland, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia and Washington.

"In the past three years, our expansion beyond our Ohio and Florida branch footprint has resulted in nearly $1 billion in closed home equity and first mortgage loans," said Marc Stefanski, chief executive of Third Federal Savings and Loan, in a press release.

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