State Farm Bank
State Farm Bank

State Farm Agent - Al Clemons

1411 Woodside Avenue
Essexville, MI 48732-1243
Phone: (989) 893-6586

Office Hours:
Mon-Fri 9:00am to 5:00pm
after hours & Sat by Appt.

Home Mortgage Loans

* State Farm Bank® offers a variety of fixed rate and adjustable rate mortgage products to meet your needs.

Home Equity Loans

State Farm Bank lets you apply for a competitive Home Equity Loan or Line of Credit with someone you already know and trust.

A Home Equity Loan or Home Equity Line of Credit lets you borrow against the equity in your home. Choose the product to meet your needs.

Home Equity Loan

* Fixed interest rate
* Fixed monthly payments
* Loan is repaid over a fixed period of time
* Minimum monthly payment is $100 for all terms
* Minimum loan amount is $10,000
* Maximum loan amount is $500,000

Home Equity Line of Credit

* Variable interest rate
* Available for a 10-year term*
* Available through use of checks
* Interest only payments with monthly billing statements*
* Annual Fee of $25 (waived the first year)*
* Minimum loan amount is $10,000
* Maximum loan amount is $500,000

All Loan Information

* Closing costs, if any, may vary by state
* No application fees
* State-imposed mortgage taxes are paid on behalf of the customer by State
Farm Bank for loans and lines up to and including $250,000
* Property that is for sale, or has been sold, is not eligible
* Rental property is not eligible, unless a unit is owner-occupied
* Only one physical piece of property may secure the loan. Multiple pieces of
property are not allowed

How to apply

If you are interested in applying for a home equity product, contact the nearest participating State Farm agent.

Useful Information

* Call State Farm Bank toll-free: 1-877-SF4-BANK / 1-877-734-2265.
* Contact a State Farm agent
* Where do I send my payments?
* Disclosures

Product Availability

Home equity loans and home equity lines of credit are available through Bank-trained agents in all states except: Massachusetts, Ohio, and Rhode Island. They are also not available in the District of Columbia.

* Texas only:
No annual fee
10-year draw period followed by 10-20 year repayment period
Interest only payments during draw period followed by interest plus principal payments during repayment period

Copyright 2009, State Farm Mutual Automobile Insurance Company.
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