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Where does State Farm do business?

State Farm is based in Bloomington, IL. The company was founded in 1922 and offers mortgage refinancing to borrowers in 50 statess across the USA (and Washington, DC).

What is the maximum loan term for a mortgage refinance via State Farm?

The term of a mortgage refinance will determine the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. State Farm offers mortgages refinancing with terms ranging from 15 to 30 years.

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 home 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 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
  • Secondary homes and vacation properties
  • Inestment properties and house flipping projects 

  • Loan Term (Years)
    15 - 30
  • Institution Type
    Bank
  • Intended Use
    • Investment/House Flipping
    • Primary Home
    • Secondary Home
  • Loan Amount
    Up to $424100
  • APR
    Starting at 3.452%
  • Terms
    7/1, 15, 30 years
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