State Farm Bank deposit accounts are FDIC insured.

Mortgage Loans With Competitive Rates

Call the bank today at 866-328-5820. 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.

Less money at closing means more money in your pocket.1
For a limited time you can take advantage of a $500 discount on closing costs for a home purchase loan or a $250 discount on a home refinance loan. Act now before it's too late.

Submit a Mortgage Inquiry

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

Or call us at 888-556-3498.



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

Both Fixed Rate and Adjustable Rates mortgages are available.


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Rate APR Points # of Months Rate Monthly P&I*
30 year fixed rate 4.125% 4.189% -0.125 360 4.125% $726.98
15 year fixed rate 3.375% 3.487% -0.250 180 3.375% $1,063.15
7/1 ARM 3.250% 3.712% -0.250 84

For more information, please see Important Mortgage Product Information.

*Monthly Principal and Interest Payment

The advertised rates above are valid as of 08/17/2017 at 9:00AM 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, 60 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 .

Here to help life go right.™

Take advantage of simple insights we've learned through the years. Find advice on home maintenance and repair, buying and selling, safety, and more.

Find Your Mortgage Fit

Find Your Mortgage Fit

Before Deciding to Refinance

Before Deciding to Refinance, Ask Yourself These 5 Questions

7 Big Home Buying Blunders

7 Big Home-Buying Blunders and How to Avoid Them

Customized Rates

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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Special Offer
We can make your home buying/selling process simpler, at no extra cost. You may also be eligible to earn a cash bonus1 when you buy and/or sell a home.

Enroll Today!

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The origination fee waiver is valid only on Veteran Affairs (VA) loan applications submitted to State Farm Bank between June 1, 2017 - July 31, 2017 with the subject property identified. Waiver does not include any interest rate discount fees which may be charged to the borrower at closing, if applicable. For more information contact a State Farm Bank Mortgage Loan Originator at 866-792-7830.

1Eligible mortgage applications must be submitted with a subject property address identified between July 1, 2017 and October 31, 2017. A refinance is defined as a new mortgage loan secured by property currently owned by the borrower. A purchase mortgage is defined as a mortgage loan used to finance a sales contract for property not previously owned by the borrower.

$500/$250 closing cost discount will be applied as a credit at closing towards the total closing costs. Loan must fund with State Farm Bank. This offer does not apply for Community Reinvestment Act (CRA), Veteran Affairs (VA) loans, State Farm Relocation loans or Home Equity products.

For more information, please contact a State Farm Bank Mortgage Loan Originator at 855-698-1009.

2Program 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 or by contacting the Bank at 877-SF4-BANK (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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