State Farm is based in Bloomington, IL. The company was founded in 1922 and offers mortgages to borrowers in 50 states across the USA (and Washington, DC).
State Farm allows borrowers to apply for loan amounts of up to $424,100. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the mortgage company you choose.
State Farm offers home loans with APRs starting at 3.487% .
Yes, State Farm may charge a loan origination fee.
Yes, State Farm charges additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment fees can reduce or even cancel the interest savings of repaying a loan early.
State Farm offers the following mortgage programs:
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. State Farm allows the following property usage types: