Home Mortgage Loans from State Farm Bank®

You can choose from a wide variety of mortgage loan products and take advantage of competitive rates. Plus, your State Farm Bank mortgage team will help you find the right loan, process your application, and make it as easy as possible to buy a new home or refinance an existing home mortgage. Limited time only: Lower rates are available on the already competitive adjustable rate mortgages! Use our loan finder tool to see current rates.

State Farm Bank deposit accounts are FDIC insured.

Submit a Mortgage Inquiry

Have a question, need a prequalification or ready to apply?

Or call us at 888-556-3498.

Purchase

Whether you're a first time homebuyer or looking to purchase your next home, State Farm Bank will work with you every step of the way to help you find the home mortgage you need and can afford.

Learn more about new mortgages

Refinance

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.

Learn more about refinancing

Featured Loan Options

Fixed Rate and Adjustable Rate Mortgage Rates are based on the following assumptions.

Conforming Mortgage Purchase Loans

Rates as of 09/23/2016 and based on the following assumptions: purchase of a single family residence, property located in the state of Illinois, primary residence, loan amount of $150,000, 20% down payment, 720 credit score, 60 day rate lock, escrow account for taxes and insurance. A conforming loan is generally limited to $417,000 for a single-family home in the continental U.S. For more information, please see Important Mortgage Product Information.

Rate APR Points # of Months Rate Monthly P&I*
30 year fixed rate 3.500% 3.562% -0.250 360 3.500% $673.58
20 year fixed rate 3.250% 3.336% -0.125 240 3.250% $850.80
15 year fixed rate 2.625% 2.734% 0.000 180 2.625%

$1,009.04

10 year fixed rate 2.750% 2.910% -0.625 120 2.750% $1,431.18

Rate APR Points # of Months Rate Monthly P&I*
7/1 ARM 2.625% 3.293% -0.250 84
275
1
2.625%
3.750%
3.750%
$602.49  
$675.16  
$672.40

*Monthly Principal and Interest Payment

JUMBO Mortgage Purchase Loans

Rates as of 09/23/2016 and based on the following assumptions: purchase of a single family residence, property located in the state of Illinois, primary residence, loan amount of $417,500, 20% down payment, 720 credit score, 60 day rate lock, escrow account for taxes and insurance. A mortgage loan of more than $417,000 is considered a Jumbo loan in most parts of the U.S. For more information, please see Important Mortgage Product Information.

Rate APR Points # of Months Rate Monthly P&I*
30 year fixed rate 3.375% 3.397% 0.000 360 3.375% $1,845.76
Rate APR Points # of Months Rate Monthly P&I*
7/1 ARM 2.375% 3.143% -0.375 84
275
1
2.375%
3.750%
3.750%
$1,622.63
$1,866.40
$1,863.64

*Monthly Principal and Interest Payment

For definitions of the terms used on this page, please see Mortgage and Home Equity Glossary

Customized Rates

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

Get started

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Special Offer
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.

Enroll Today!

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.

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