Home Equity Loan

• Rates are subject to change without notice.
• Rates are dependent upon the customer’s credit, term and loan-to-value.
• Closing costs, if any, may vary by state
• Loan-to-value can be up to 95% - principal balances of all liens.
• Minimum loan amount is $10,000.
• Minimum monthly payment is $100.
• Maximum loan amount is $500,000.
• A pre-payment penalty of $300.00, plus any state-imposed mortgage tax paid on behalf of the customer by State Farm Bank, will apply when the loan is paid in full within the first 36 months. For terms of 36 months or less, the pre-payment penalty, plus any state imposed mortgage tax paid on behalf of the customer by State Farm Bank, applies if the loan is paid off early.

Home Equity Line of Credit

• Rates are subject to change without notice.
• Rates are variable, with changes occurring on the 6^th day of the month, based on the Wall Street Journal Prime Rate as printed on the last day of the previous month.
• Closing costs, if any, may vary by state
• Interest only payments with monthly billing statements.
• Annual $25 fee waived the first year.
• Loan-to-value can be up to 95% - principal balances of all liens.
• Minimum loan amount is $10,000.
• Maximum loan amount is $500,000.
• A $200 modification fee applies to all requests for increasing an existing HELOC account.
• An early line closure fee of $300.00, plus any state-imposed mortgage tax paid on behalf of the customer by State Farm Bank, applies of the line is closed (lien released) within the first 36 months.