Third Federal Savings and Loan in Cleveland has long offered mortgage refinancing in New Jersey, Pennsylvania, Maryland, Virginia and North Carolina. Now it plans to offer purchase loans in those states.
The $12.4 billion-asset company has closed about $1.2 billion in mortgage refinance and home equity loans in those markets since 2010.
The expansion coincides with a relaunch of the bank's website, which displays rates on the home page for customers' easy access and functionality, Chairman and Chief Executive Marc Stefanski said in a Monday news release.
Third Federal is the leading mortgage lender in northeast Ohio, with a roughly 10% market share. It has branches in Ohio and Florida and offers mortgage products in 19 other states and Washington, D.C.
"Our rates and services are now available to more than 65% of the U.S. population, and offering purchase mortgages will serve more of these consumers' needs," Stefanski said.