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Community Rating | Strongly not recommended |
Loan Amount | Up to $424,100 |
Loan Term (Years) | Up to 30 years |
Credit Score Range | N/A |
No Origination Fee | N/A |
Number of Reviews | 8 |
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 Home Loans is available in 50 states (and Washington, DC).
- Only offers one mortgage pogram. State Farm Home Loans only provides
- 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. State Farm Home Loans offers and fixed-rate mortgages.
- Primary and secondary homes considered. Investment homes, such as rental properties, do not qualify for financing. However, State Farm Home Loans does offer financing for primary and secondary homes (e.g. vacation properties).
- Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
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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.
State Farm mortgage offers home loans with APRs starting at 3.487% .
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 support contact email?
The support contact email for this business credit card is support@statefarm.com.
How do people rate the customer service and user experience?
Overall, this business credit card is strongly not recommended based on community reviews that rate customer service and user experience.
Message From Our Editor
Contact
- Headquarters
-
One State Farm Plaza
Bloomington, IL 61701 - Visit Site
- Email Support
Other Services by State Farm
Availability
- 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
State Farm Home Loans Community Reviews
Would you recommend State Farm Home Loans to your friends?
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