Mortgage Loans With Competitive Rates
Whether you need a new home loan or refinance an existing mortgage loan, you'll find lots of options and a State Farm Bank® mortgage team ready to help make things easy.
Limited time only: Lower rates are available on adjustable rate mortgages! Use our loan finder tool to see current rates.
Submit a Mortgage Inquiry
Refinancing your current home mortgage can help you save money month after month. And it doesn't have to be difficult to do. Especially when you work with State Farm Bank.
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|Rate||APR||Points||# of Months||Rate||Monthly P&I*|
|30 year fixed rate||4.375%||4.440%||-0.125||360||4.375%||$748.94|
|15 year fixed rate||3.500%||
|7/1 ARM||3.250%||3.712%||-0.375|| 84
For more information, please see Important Mortgage Product Information.
*Monthly Principal and Interest Payment
The advertised rates above are valid as of 02/21/2017 at 9:00 AM CST and are based on the following assumptions:
- Purchase of a single family, primary residence located in the state of Illinois.
- Loan amount of $150,000, 20% down payment, 720 credit score, 90 day rate lock, escrow account for taxes and insurance.
- A conforming loan is generally limited to $424,100 for a single-family home in the Contiguous U.S.
For definitions of the terms used on this page, please see Mortgage and Home Equity Glossary.
Not sure which mortgage loan option is right for you? Use our loan finder tool to get a customized recommendation.Get started
Moving Made Simple™ Powered by Cartus
We can make your home buying/selling process simpler, at no extra cost. You may also be eligible to earn a cash bonus 1 when you buy and/or sell a home.
1Program and cash back are administered by Cartus Corporation, not an affiliate of State Farm Mutual Automobile Insurance Company. The actual amount you may receive is based upon the purchase or sale price of your home. Program is not offered in Iowa. Cash back is not available in Alaska, Louisiana, Mississippi and Oklahoma. Cash back is paid as a check, except in Kansas and Tennessee where cash back is paid as a gift card, and New Jersey and Oregon, where cash back is paid as a credit at closing. Checks and gift cards are mailed within 4 weeks of closing. A check is presented at closing in Alabama. Ask your program coordinator for details. Customers are not required to receive financing from State Farm Bank, F.S.B., in order to receive benefits of this program. Cash back is only available through the use of a program-recommended real estate agent. All real estate transactions are negotiable. Other terms and conditions specific to the transaction may apply.
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). Callers who are hearing or speech impaired should dial 711 or use a preferred Telecommunications Relay Service. To apply for a Bank product, you may also see your participating State Farm agent.