No, that's not correct.
Three transformers is for changing 3 phase medium power, to 3 phase regular voltage (for commercial customers).
For single phase home customers, you run a single one of those phases along a street and attach center tapped transformers to it.
The center tap means from the top to the center is 120v, and from the center to the bottom is another 120v. This gives something called "split phase", and is how homes in the US are wired.
This allows you to get 240v in the house if you need it by attaching to the top and bottom of the transformer.
The center tap of the transformer is also attached to the ground, and to the neutral power line (back to the generator). This gives what is called "zero voltage" (voltage is always relative, there is no such thing as absolute zero voltage - so you just have to pick something, and call it zero).