Home Equity Products

Compare State Farm Bank® Home Equity Loan And Line Of Credit

State Farm® Bank can help you unlock the value of your home. A State Farm® Bank Home Equity Loan or Home Equity Line of Credit can help you tap into the equity you have built up to make your life a little easier or accomplish any number of tasks.

Consolidation of high interest debt
Home improvements
Education expenses
Medical expenses

We can help you decide which home equity product is right for your needs.

How to Apply

For good neighbor service as you explore home equity products, call your local State Farm® Agent, or call State Farm® Bank toll-free at 1-877-SF4-BANK / (877-734-2265).

Home Equity Line of Credit

With a home equity line of credit, you can write one or more checks (with a minimum draw amount of $500*) for any amount up to your total line of credit.

Affordable

A low, variable interest rate
1/4% discount available for an automated payment from a State Farm® Bank checking or savings account or Money Market Savings
Low minimum monthly payments
No application fees

Flexible

Vary your payments to suit your needs
Pay off a portion or all of the balance at any time
Initial 10-year term with up to an additional 15-year term to repay

*Minimum draw in Texas is $4,000

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Home Equity Loan

A home equity loan lets you borrow a predetermined amount of money and repay it on a fixed, monthly schedule.

Predictable

A competitive, fixed interest rate for the life of the loan.
1/4% discount available for an automated payment from a State Farm® Bank checking or savings account or Money Market Savings
The convenience of a fixed monthly payment schedule.
No application fees

Versatile

Use the money for home improvements, purchasing a car or when you want the debt to be paid off in a set amount of time
Loan terms of 5, 10 or 15 years

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