THIRD FEDERAL SAVINGS & LOANS

The appraisal was absurd and $7,000 less than an VA appraisal in Navy Federal in 2014. Since then a smaller house (500 square feet less sold in neighborhood. for $30,000 more than the First Federal appraisal we recieved. Most of the comps used by appraiser were in other neighborhoods or at bad locations. First Federal offered us about 40 per cent what we asked for, We rejected the offer immediately. We would never use this S&L again. Watch out for low balls on First Federal home equity offers.

Our loan expert made the process easy, and almost everything was done over the phone. Everyone that answered the phone at the office was able to answer our questions (when our contact was not reachable). Third Federal had great rates, and we were able to avoid PMI with little money down. There were no hidden fees, no extra paperwork to sign/provide, or complicated processes to go through. They only required a few pieces of documentation compared to the other companies we checked with (just current paystubs). The only bad side is that you cannot lock in the interest rate until your offer has been accepted.