Where does State Farm do business?

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).

How much can you borrow via State Farm?

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 lender you choose.

What range of rates does State Farm offer?

State Farm offers home loans with APRs starting at 3.487% .

Does State Farm charge a mortgage origination fee?

Yes, State Farm may charge a loan origination fee.

Does State Farm charge prepayment fees?

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.

What mortgage programs does State Farm offer?

State Farm offers the following mortgage programs:

  • Conventional mortgages
  • HARP

What property usage types does State Farm allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. State Farm allows the following property usage types: 

  • Primary home 

  • Intended Use
    Primary Home
  • Primary Residence
  • Loan Amount
    Up to $424100
  • APR
    Starting at 3.487%
  • Terms
    7, 10, 15, 20, 25 & 30 year
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