FDR was the first president to be elected to a third term
The first Pre â¦ sident to run for a third term was Theodore Roosevelt. After serving two terms from 1901 to 1908, Teddy Roosevelt did not run in 1908. In 1912, Teddy ran for the Republican nomination and lost to William Howard Taft. He then formed a third party, the Bull Moose party, and ran for President.