Underwriting Standards

State Farm Bank deposit accounts are FDIC insured.

State Farm Bank® Underwriting standards refer to the terms and conditions under which we extend credit.

State Farm Bank offers a variety of loan products, including mortgages, vehicle loans, home equity loans, and credit cards. Upon receipt of an application, State Farm Bank will obtain a copy of your credit bureau report(s). We will then evaluate your credit report(s), verify the information you supplied on your application, assess your transactional history with State Farm Bank and evaluate your debt-to-income ratio. State Farm Bank does not consider an applicant's age, race, color, religion, national origin, gender, marital status, familial status, handicap status, the fact that all or part of applicant's income derives from any public assistance program, or that the applicant has in good faith exercised any right under the Consumer Credit Protection Act in making a credit decision.

If you meet the underwriting guidelines for the type of credit requested based on the Bank's established credit policy, we will advise you that your loan has been approved. If you do not meet the established underwriting guidelines for the type of credit requested based on the Bank's established credit policy, we will notify you of this decision and the basis for the decision.

Based on Bank Policy, we may need to limit the methods by which product applications are accepted.

Please call State Farm Bank at 877-SF4-BANK (877-734-2265) with any questions. Callers who are hearing or speech impaired should dial 711 or use your preferred Telecommunications Relay Service.

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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