Last Updated: 04/18/2025
SuperMoney User Recommendation Score -75
Strongly not recommended8 total votes
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Highlights
Community Rating
Strongly not recommended
Credit Score Range
N/A
Amount Range
Up to $424,100
Loan Term (Years)
Up to 30
Number of Reviews
State Farm Home Loans Review
State Farm Home Loans is offered by State Farm (NMLS #139716), a financial services company founded in 1922 and based in Bloomington, IL. State Farm mortgage are available in 50 states and Washington, DC.
Key Takeaways
- Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
- Standard interest rates types.
- Only primary residences considered. State Farm Home Loans does not offer financing for vacation homes or investment properties.
- Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
State Farm Home Loans Pros & Cons
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State Farm mortgage FAQ
How much can you borrow via State Farm?
State Farm mortgage 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 is the maximum loan term you can get with State Farm mortgage?
State Farm mortgage offers mortgages with a maximum term of 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What mortgage rates does State Farm offer?
Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.
Do they charge mortgage origination fees?
Yes, State Farm mortgage may charge a loan origination fee .
What mortgage programs are available?
Besides conventional mortgages, State Farm mortgage offers the following mortgage types:
What property usage types does State Farm mortgage allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. State Farm mortgage allows the following property usage types:
- Primary home
What is the customer service phone number?
The customer service number for State Farm Home Loans is (800) 782-8332.
What is the support contact email?
The support contact email for is support@statefarm.com.
How do people rate the customer service and user experience?
Overall, this business is strongly not recommended based on community reviews that rate customer service and user experience.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from our editor
What We Love About State Farm Mortgage
The mortgages from State Farm range from fixed-rate mortgages to jumbo mortgages and adjustable-rate mortgages, so consumers have several choices. The company also offers mortgage refinancing services so homeowners can pay off their loans faster, drop their monthly payments, and gain access to equity more quickly. State Farm also offers a Moving Made Simple program for no cost to help with finding and buying the perfect home.
What Could State Farm Do Better?
Not everyone who applies for a mortgage with State Farm will get the best rate possible. Some may want to go with a different lender for that reason. The company also has less than stellar online reviews, which show that not everyone is happy with their mortgage through them. State Farm also does not offer an online pre-qualification process.
State Farm Backstory
State Farm dates back to 1922, when the company first began to offer car insurance policies. It has grown since that time and now offers a wide variety of financial services and insurance policies for people across the United States. State Farm Group is the largest insurer of property-casualty in the U.S., with 30 operations centers, 343 claim offices, 18,000 agents, and more than 70,000 employees.
Besides providing mortgages for homes, State Farm also offers auto loans, credit cards, and other financial services.
The Verdict
State Farm offers several different mortgage types for customers who want to buy a home, but you might find lower rates elsewhere. There is no pre-qualification process online. However, you can start the application on the State Farm website or over the phone.
The company is well-known and reputable but has poor customer reviews, so it’s a good idea to shop around before choosing them. The first step most people should take is looking at various options to see how they compare in terms of the total cost, customer service, closing time, and other details.
Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed
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Learn MoreSuperMoney Net Recommendation Score
SuperMoney users don't recommend this product, giving it a user recommendation score of -75, or 1.5 on a 5-point rating scale.
-75
-1000+100
No one recommends
Everyone recommends
State Farm Home Loans Community Reviews
Would you recommend State Farm Home Loans to your friends?
BD
B D.
Jul 24, 2019
May or may not recommend
State Farm Mortgage Department is an absolute nightmare to deal with. From the start they under estimate value of the home because they use homes that are not comparable to get the value. Unfortunately we became late in our payments and they started a foreclosure action. From the first time we were delinquent on payment State Farm Bank started charging is $15 each month for their “inspection fee”. When ...Show More
U
Anonymous
Jul 20, 2017
May or may not recommend
If your Consultant is Doug Gibbs and your processor is Krista Morris. you will never get any good communication and you have literarily to baby it every step of the mortgage process. and do not even bother call there supervisor Mark Yong or John, because it is just same pain.
good find a better lender before you regret it
U
Anonymous
Oct 11, 2016
May or may not recommend
Good rates and terms but the mortgage process took 3 months. It was painstakingly slow and the processor didn't know how to get certain inputs and would go for weeks with no activity until I called and nudged multiple times - I'd get call backs on evenings and weekends with very little progress. Most frustrating refinance ever - great terms but not worth the irritation.
U
Anonymous
Jul 19, 2016
May or may not recommend
The absolute worst refinance experience I have ever went through in my life. I absolutely love my local State Farm agent, but after getting moved on to the out of state Mortgage Department, it was a nightmare. The worst customer service I have ever experienced. Extremely slow, changing interest rates, promises, stories, etc. Never again, I backed out. BEWARE
U
Anonymous
May 7, 2015
May or may not recommend
I am extremely frustrated.. I have been trying to make a mortgage payment for some time now, but there is a glitch in the system. Customer service just tells me that they're working on it. How am I supposed to pay my bill?? I refuse to pay the ridiculous pay over the phone fee.
U
Anonymous
May 7, 2015
May or may not recommend
Oh, I can't stand state farm! I recently got my mortgage through them and it was like pulling teeth every step of the way! They took so long to process all my paperwork that I honestly thought I would lose my house. I would have backed out but didn't want to start the whole thing over. Never again, state farm.
U
Anonymous
May 7, 2015
May or may not recommend
Choosing State Farm to refinance with was the worst choice I have probably ever made. They have the worst service in the world, not the mention the horrible customer service and bad bill pay options. I regret refinancing with them, and will never use this company ever again for any purposes.
U
Anonymous
May 7, 2015
May or may not recommend
I'm SO happy with State Farm! I have pretty much everything through them, from my regular bank accounts to my mortgage. They are super-efficient and even though it's been many years since I first got them, I haven't had any issues so far. I couldn't be happier with them!
Showing 8 of 8 reviews
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