State Farm Agent - Lance Greer
State Farm Agent - Lance Greer
Lance Greer
www.lancegreeragency.com
8715 Gull Road
Richland, MI 49083-9306
Phone: (269) 629-4000
Toll Free: (866) 909-9400
Fax: (269) 629-3199
How to apply for home mortgage loans
You can expect State Farm's good neighbor service. If you are purchasing a new home or refinancing your current home, there are many details to handle. Let the experts at State Farm Bank® assist you with your mortgage process in all 50 states. Making sure our customers have an opportunity to purchase a home quickly and easily is the way we do business.
If you are ready to apply or would like to be pre-approved:
Call toll-free 1-877-SF4-BANK / 1-877-734-2265
Next steps:
* You, your real estate agent and the seller will benefit from a pre-approval. It
will give you the peace of mind that you will qualify for the home of your
dreams and may enable you to close earlier.
* After you apply for your mortgage we will send you a package of information for
your review and signature. You will also get the name and direct phone number of
the Mortgage Consultant who will work with you during the processing of your
application.
* You will be requested to fax or send back to the Mortgage Consultant the
information on the enclosed instructions.
* After receiving the completed application and requested documentation a decision
on issuing the loan will be made within three business days.
* To close your loan, State Farm Bank will send your closing paperwork to the
closing company assigned.
Mortgage Products
Fixed rate mortgages
With a fixed rate mortgage you have the comfort of knowing that the monthly principal and interest payment (P&I)* for your home will be the same for the life of your loan. With the benefit of different terms you can:
* make the choice to have a lower, more affordable monthly payment with a
longer-term loan (up to 30 years)
* or increase the equity in your home faster by paying a higher payment with
our shorter-term loan (15 year term) so that your loan is paid off faster
* or increase your monthly payment when you want. With no prepayment
penalties, you can build the equity in your home faster while still having
the benefit of a lower required monthly payment that comes with a
longer-term loan
State Farm Bank® offers a variety of fixed rate mortgages with affordable down payments to fit every budget.
Adjustable rate mortgages
State Farm Bank's adjustable rate mortgages (ARM) offer you the benefit of lower rates and monthly payments. The rates are fixed for an initial period of time (depending on the adjustment period of the loan), then the rate and payment can adjust annually. The best loan for you may be determined by how long you plan to stay in your home.
* if you stay in your home for less than five years, a shorter term ARM may be
your best option; this would allow you to have a lower initial monthly
payment
* if you are planning on staying in your home longer, look to our longer term
ARMs that offer you the stability of a fixed rate and payment for a set
time, yet at a rate and payment that is lower than the fixed rate mortgage
options
* or increase your monthly payment when you want. With no prepayment
penalties, you can pay an additional amount to your loan and see the effect
in the lowering of your monthly payments after the next adjustment period
To find out more about our selection of adjustable rate mortgages or to apply for a mortgage loan contact your local participating bank agent or in other areas call our mortgage specialist toll-free at 1-877-SF4-BANK / 1-877-734-2265.
Copyright 2010, State Farm Mutual Automobile Insurance Company.
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