Third Federal enables customers to refinance conventional and jumbo mortgages with fixed- or adjustable-rate terms. Cash-out refinances and low-cost options are available as well. Its low-cost options include closing costs of $295, which are much lower than you find with many other lenders. There aren't a lot of different loan terms available, but Third Federal nails all the basics, so most people should be able to find one or more options that suit them.

Third Federal does not disclose qualification requirements on its website. Few mortgage lenders list this information because they consider all aspects of your application as a whole rather than setting hard minimums for each criteria. If you want to find out if you qualify for a mortgage refinance with Third Federal, you can get a quote online or call the company to get the process started.

Third Federal has been in business since 1938, yet it's difficult to find many reviews about its products apart from those on its website, which are all overwhelmingly positive. But in some cases, no news is good news. There doesn't appear to be any complaints against Third Federal with the Consumer Financial Protection Bureau or the Nationwide Mortgage Licensing System. Third Federal also maintains a pretty high rating with the Better Business Bureau, indicating it's pretty responsive to customer complaints in the unlikely event they arise.