Bank Rates
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Calculators
Effective 5/14/2008
| Product |
Interest Rate |
Annual Percentage Yield (APY) |
|
| |
|
Less than $100,000 |
| 90 days |
2.32% |
2.35% |
| 180 days |
2.37% |
2.40% |
| 9 months |
3.10% |
3.15% *Promotional Term |
| 1 year |
2.23% |
2.25% |
| 2 years |
2.47% |
2.50% |
| 3 years |
3.20% |
3.25% |
| 4 years |
3.30% |
3.35% |
| 5 years |
3.44% |
3.50% |
| |
$100,000 or more |
| 90 days |
2.32% |
2.35% |
| 180 days |
2.37% |
2.40% |
| 9 months |
3.10% |
3.15% *Promotional Term |
| 1 year |
2.23% |
2.25% |
| 2 years |
2.47% |
2.50% |
| 3 years |
3.25% |
3.30% |
| 4 years |
3.34% |
3.40% |
| 5 years |
3.49% |
3.55% |
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|
Less than $100,000 |
| 1 year |
2.23% |
2.25% |
| 2 years |
2.47% |
2.50% |
| 3 years |
3.20% |
3.25% |
| 4 years |
3.30% |
3.35% |
| 5 years |
3.44% |
3.50% |
| |
$100,000 or more |
| 1 year |
2.23% |
2.25% |
| 2 years |
2.47% |
2.50% |
| 3 years |
3.25% |
3.30% |
| 4 years |
3.34% |
3.40% |
| 5 years |
3.49% |
3.55% |
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|
| $0 - $99 |
0.00% |
0.00% |
| $100 - $9,999 |
2.18% |
2.20% |
| $10,000 - $24,999 |
2.23% |
2.25% |
| $25,000 - $49,999 |
2.32% |
2.35% |
| $50,000 - $99,999 |
2.42% |
2.45% |
| $100,000+ |
2.57% |
2.60% |
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|
n/a |
n/a |
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|
| $0 - $2499 |
0.00% |
0.00% |
| $2500+ |
2.47% |
2.50% |
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|
| $0 - $24,999 |
2.18% |
2.20% |
| $25,000 - $49,999 |
2.27% |
2.30% |
| $50,000 - $99,999 |
2.42% |
2.45% |
| $100,000+ |
2.57% |
2.60% |
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|
| $0 - $2,499 |
1.09% |
1.10% |
| $2,500 - $9,999 |
1.88% |
1.90% |
| $10,000+ |
2.47% |
2.50% |
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|
Fees and charges may reduce earnings on accounts.
1Minimum opening deposit required is $100.
2Minimum daily balance of $2,500 required to earn interest. Minimum opening deposit required is $100.
3Minimum daily balance of $100 required to earn interest. Minimum opening deposit required is $1,000.
4A penalty may be imposed for early withdrawals, which could reduce the Annual Percentage Yield (APY). Minimum opening balance required is $500.
|
| |
Effective 4/30/2008
*This annual percentage rate may vary.
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Effective 5/16/2008
| Product |
Interest
Rate |
Discount
Points |
Origination
Fee |
Annual
Percentage
Rate (APR) |
| ARM 3/1 conforming | 6.000% | 0.000% | 0.000% | 5.574% |
|---|
| ARM 5/1 conforming | 6.000% | 0.000% | 0.000% | 5.661% |
|---|
| 15 year fixed conforming | 5.875% | 0.000% | 0.000% | 5.949% |
|---|
| 30 year fixed conforming | 6.125% | 0.000% | 0.000% | 6.170% |
|---|
| ARM 3/1 JUMBO | 6.250% | 0.000% | 0.000% | 5.611% |
|---|
| ARM 5/1 JUMBO | 6.250% | 0.000% | 0.000% | 5.732% |
|---|
|
State Farm Bank® offers a variety of Home Mortgage Loans, including affordable housing loans in all 50 states and the District of Columbia. Below is an indication of our current rates for a purchase transaction, based on the assumptions specified. Higher and lower loan amounts are available. For an exact quote specific to your needs or for a quote on a refinance transaction, please call State Farm Bank at 1-877-SF4-BANK (1-877-734-2265).
Pricing and APR Assumptions
- Location:
- Pricing could vary based on the state where the property is located. Contact a Mortgage Consultant for a price quote based on your property location.
- Loan amount:
- $200,000 for conforming products; $500,000 for JUMBO products
- Loan-to-value ratio:
- 80% or lower
- Property type:
- Single Family Primary Residence
- Loan purpose:
- Purchase only
- Escrow:
- Customer escrows for taxes, insurance, etc. as part of monthly payment
- Closing costs/prepaids:
- Estimated at 1% of the purchase price/value of the home
- Lock period:
- 30 days
- Income documentation:
- All income used to qualify for a loan is documented
Additional Notes
- Mortgage rates change on a daily basis and have the ability to change within the day depending on market conditions.
- Your rate at loan approval may be different based on underwriting considerations and your individual financing request.
- Fees and closing costs vary by geographic area and the type of loan.
- All loans are considered as either a conforming loan or a JUMBO loan (also known as a non-conforming loan). A conforming loan is a loan with a mortgage amount that does not exceed eligibility limits for purchase by the secondary mortgage market (i.e. Fannie Mae, Freddie Mac, etc.). A JUMBO loan is a loan with mortgage amount that exceeds the eligibility limits for purchase by the secondary mortgage market.
- The APR and payments on Adjustable Rate Mortgage (ARM) Loan Products are subject to change after the loan is closed due to the product's variable-rate feature.
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Effective 05/12/2008
| Annual Percentage Rate (APR) |
Term
(months) |
From |
To |
Amount |
| |
|
| 12-60 months |
5.99% |
9.79% |
$10,000- $500,000 |
| 61-120 months |
6.09% |
9.89% |
$15,000 - $500,000 |
| 121-180 months |
6.19% |
9.99% |
$15,000 - $500,000 |
| |
|
| 84 months* |
4.50% |
6.50% |
$10,000 - $500,000 |
| |
| * Texas only: 7-year draw period followed by 10 year repayment period |
|
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See your local participating State Farm agent for rates and financing details.
Ready to get started?
|
|
State Farm Bank®
Equal Housing Lender
