State Farm Bank®

Discover home loan options that work for you.

State Farm Bank® deposit products are FDIC insured
 

Fixed-Rate Mortgages

Take advantage of our competitive rates for fixed-rate mortgages if set monthly payments are more your speed. There's no penalty for prepayment and no rate jumps. Important Mortgage Product Information

  Rate APR
30 year Help icon 4.250% 4.357%
15 year Help icon 3.500% 3.722%
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7/1 Adjustable Rate Mortgage (ARM)

If you're planning on moving within 5 to 7 years, lower introductory rates of an ARM may work for you. Your initial monthly payments may be lower, and no penalty for prepayment. Important Mortgage Product Information

  Rate APR
First 7 years Help icon 4.000% 4.561%
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Refinance

Home refinance with a lower interest rate may save you money and help you realize your dream of owning your home faster. Important Mortgage Product Information

Not sure which mortgage loan option is right for you? Use our loan finder tool to get a customized recommendation. Get Started

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Home Equity Loans

Tap into your investment with our home equity loan or line of credit. Use the cash to make major purchases, upgrade your home, or pay expenses. View Disclosure

  Loan Amount APR
Equity loans 3 10k - 500k 4.99% - 9.75%
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Rates are valid as of 01/07/2019

 

Line of Credit

For a limited time, you can receive a special introductory rate on your home equity line of credit. Home Equity Line of Credit Disclosure | Home Equity Line of Credit Disclosure for TX

  Loan Amount APR
First 12 months 1, 3 10k - 500k 3.49%

After the first 12 months, variable APR range is 6.75% - 9.40%.

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Rates are valid as of 12/24/2018

 

Estimate how much your monthly payment will be. 2

Loan amount minimum value is $25,000 and maximum value is $3,000,000. Entering value lesser/higher than the limit, by default value will be auto corrected.

Interest rate minimum value is 0.001% and maximum value is 10.000%. Entering value lesser/higher than the limit, by default value will be auto corrected.


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Additional monthly costs minimum value is $0 and maximum value is $50,000. Entering value lesser/higher than the limit, by default value will be auto corrected.

Estimated Payment

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1 After the expiration of the intro period, the APR is variable and will be determined by the current prime rate published in the Wall Street Journal plus a margin. These APRs range from 6.75% to 9.40% . The maximum APR that may be imposed is 21.000% and the minimum is 4.000%. The introductory rate is applicable on new lines of credit only, and does not apply to refinances of existing home equity loans or lines of credit.

2 Calculator is for estimation purposes only.

3 Subject to Credit Approval. For home equity lines of credit and loans, State Farm Bank will cover certain third party closing fees, such as appraisal, title search, credit report and flood determination. The margin you qualify for is based on a full underwriting review. If you payoff and close the account within 36 months, an early closure fee may be assessed up to $500 of bona-fide third party charges paid on your behalf by State Farm Bank. For lines of credit, the annual fee of $65.00 is waived the first year.

State Farm Bank, F.S.B., Bloomington, Illinois ("Bank"), is a Member FDIC and Equal Housing Lender. NMLS ID 139716. The other products offered by affiliate companies of State Farm Bank are not FDIC insured, not a State Farm Bank obligation or guaranteed by State Farm Bank, and may be subject to investment risk, including possible loss of principal invested. The Bank encourages any interested individual(s) to submit an application for any product(s) offered by the Bank. We also encourage you to obtain information regarding the Bank's underwriting standards for each type of credit or service offered by visiting statefarm.com or by contacting the Bank at 877-SF4-BANK (877-734-2265)(877-734-2265). If you are deaf, hard of hearing, or do not use your voice to communicate, you may contact us via 711 or other relay services. To apply for a Bank product, you may also see your participating State Farm agent.

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