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Third Federal in Ohio Now Offering Mortgages in N.Y. and Other States

MAR 14, 2014 2:26pm ET
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Third Federal Savings and Loan in Cleveland is planning to expand its residential lending into several additional states.

The $11.4 billion-asset unit of TSF Financial (TSFL) says it is now offering a first mortgage refinancing product in New York, Maryland, New Hampshire and Kentucky.

It is also adding California, New Jersey and Pennsylvania to its roster of states where it offers home equity lines of credit. Third Federal now offers first mortgage loans in 17 states and home equity lines of credit in nine states.

Roughly 75% of Third Federal's current loan production is centered in its retail footprint of Ohio and Florida, but the bank is looking to continue growing in other states.

In the past three years, Third Federal has closed approximately $830 million in loans in the aforementioned states, as well as Tennessee, Virginia, Connecticut, Colorado, Washington, Oregon, North Carolina and Illinois.

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