SuperMoney

State Farm

in Home Purchase Mortgages

Unaffiliated Visit Site

State Farm

Unaffiliated

in Home Purchase Mortgages

SuperMoney Net Recommendation Score -71% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

Strongly not recommended

1 users recommend
0 users are unsure
6 users don't recommend
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Overview

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 
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Availability

Available in 50 States and Washington, DC
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Intended Use
  • Primary Home
Primary Residence
Loan Amount
Up to
$424,100
APR
Starting at
3.487%

Reviews

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