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Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

My State Farm agent got her mortgage through State Farm. It was a conventional program and went smoothly but she had a definite advantage. She owned her agency.

Jan 09, 2017 06:10 PM
Ambassador
5,229,939
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Too funny but, I had the same experience with our State Farm guy - and all went well but, he does own his own agency too!  I haven't had another one outside of that one.

Jan 09, 2017 06:50 PM
Rainmaker
1,617,916
Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

I heard about them doing mortgages

Jan 09, 2017 06:51 PM
Rainer
392,768
Anna Hatridge
R Gilliam Real Estate LLC - Farmington, MO
Missouri Realtor with R Gilliam Real Estate LLC

I just got a new client last night and they are using State Farm to get their mortgage.  It's a new service in our area, so I cannot say how smoothly it will work out.  I am interested to see how well it works.

Jan 10, 2017 04:43 AM
Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

My local State Farm broker does mortgages now... but before he became an insurance broker and purchased his agency he was a mortgage broker... so for the right client I would totally trust him to do a mortgage as he's very knowledgeable. But I wouldn't go to State Farm for the sake of using them.

Jan 10, 2017 03:47 AM
Rainmaker
4,272,548
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I work a lot with state farm but never a mortgage

Jan 09, 2017 10:25 PM
Ambassador
5,048,758
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Nope that would be a first for me! Haven't heard of them doing mortgages in our area but it's certainly possible!

Jan 09, 2017 10:15 PM
Rainmaker
151,633
Julie Larson Realtor® Sarasota FL 941-284-9826
White Sands Realty Group FL | 941-284-9826 | Serving Sarasota, Manatee & Charlotte Counties - Sarasota, FL
When you're thinking of moving...ThinkSuncoast.com

I've only thought of State Farm as an insurance company. I didn't realize they did mortgages, too!  

Jan 09, 2017 08:13 PM
Rainmaker
5,005,580
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

I never knew they did mortgages!!!

Jan 09, 2017 07:16 PM
Rainmaker
1,712,676
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

State farm in Oklahoma just does insurance.

Jan 09, 2017 07:01 PM
Rainmaker
1,525,616
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

No I've not ever done a mortgage with State Farm.

Jan 09, 2017 06:47 PM
Ambassador
6,393,154
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Did not know that they did mortgages.

Jan 09, 2017 06:27 PM
Rainmaker
989,652
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

I have not - they're not very big/popular in my area

Jan 10, 2017 06:39 AM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I have worked on some of their REO, but never had a buyer get a mortgage through them. I always assumed they bought mortgages on the secondary market, 

Jan 10, 2017 05:45 AM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I have not.

Jan 10, 2017 04:28 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

That's a first!

Jan 10, 2017 04:22 AM
Rainmaker
911,228
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

No. I think of Insurance when i hear State Farm. I don't recall seeing any local State Farm agents promoting mortgages in their advertising.

Jan 10, 2017 03:10 AM
Rainmaker
1,157,785
FN LN
Toronto, ON

There is no such mortgage brokerage registered in Ontario based on my search right now at the regulator.

Jan 09, 2017 11:14 PM
Rainmaker
711,752
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

I have never seen this.

Jan 09, 2017 09:25 PM
Rainmaker
1,239,801
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Hospital gives interest free mortgage. I always tell professionals to ask for it.

 

Jan 09, 2017 09:18 PM
Rainmaker
599,274
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

I've never experienced a mortgage with State Farm.

Jan 09, 2017 08:47 PM
Rainmaker
7,835,402
Roy Kelley
Retired - Gaithersburg, MD

Nope.

 

Jan 09, 2017 06:53 PM
Rainmaker
4,935,567
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Did not know that they did mortgages.

 

Jan 11, 2017 10:52 AM
Rainmaker
1,725,996
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Haven't any experience with SF for mortgages and would assume that SF is expecting additional perks with getting the insurance policy on the home.

Jan 11, 2017 07:17 AM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I have had dealings with State FArm and it was all good!

Jan 10, 2017 08:24 PM
Ambassador
2,684,009
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Heard they were doing mortgage loans; have not used them.

Jan 10, 2017 07:16 PM
Ambassador
3,727,873
Patricia Kennedy
RLAH@Properties - Washington, DC
Home in the Capital

Well, they've been great as my house and car insurance carrier!

Jan 10, 2017 06:45 PM
Rainmaker
142,796
Diana White-Pettis
Bennett Realty Solutions - Upper Marlboro, MD
GRI, CDPE, CNE, WHC Upper Marlboro Homes for Sale

I know they do mortgages, but I have not had any mortgage experience with them.

Jan 10, 2017 04:54 PM
Rainmaker
2,224,473
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I didn't know State Farm did mortgages.

Jan 10, 2017 03:23 PM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Jan Green - not heard of them so far....

Jan 10, 2017 03:13 PM
Rainmaker
1,502,998
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Never heard of them as a lender.

Jan 10, 2017 09:11 AM
Rainmaker
655,940
Jeffrey Jones
AZ Home Seekers - San Tan Valley, AZ
AZ Home Seekers, azhomeseekers.com

We do alot of corporate relo for State Farm employees, they all use State Farm bank as part of the relocation package, I've seen conventional and FHA loans through them. Table funded never an issue. 

Jan 10, 2017 08:01 AM
Rainer
509,449
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

Not me and I don't even know that they do mortgage.

Jan 10, 2017 07:57 AM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

I thought that was an insurance company!!!

Jan 10, 2017 07:57 AM
Rainmaker
1,257,045
Jan Green - Scottsdale, AZ
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

So far, what I'm seeing for answers is that not everyone has heard of this, but some have experienced mortgages with State Farm.  Agents in these states have experienced mortgages:  Tennessee, Missouri, North Carolina, Illinois, Arizona, and an agent in New Hampshire has worked on their REOs.  

Their corporate HQ is here in the Phoenix area so I'm sure they are getting their own loans through State Farm here.

 

They don't appear to be advertising, but may have been offering this for a while.  It makes me wonder if they have full time mortgages brokers or who is offering the loans.  I'm about to go through this so will post a blog after the fact.  My buyer client tells me he's being offered a flat fee of $450 versus $5,000 in fees from another lender.  And this is for a $550,000 loan.  

Jan 10, 2017 07:47 AM
Rainmaker
864,658
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

I haven't heard of it. Will need to call my local state farm agent and find out if it is a national program.

Jan 10, 2017 07:28 AM
Rainmaker
1,466,207
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Jan Green No experience here with State Farm.

Jan 10, 2017 07:02 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I haven't had any experience with them.

Jan 10, 2017 06:24 AM
Rainmaker
5,216,370
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

So that's where my premiums for car insurance are going!

Jan 10, 2017 06:12 AM
Rainmaker
1,844,271
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

I have State Farm & they push it all the time. Me personally, wouldn't give them a 2nd thought. I'm sure the buyer can do better elsewhere but that's not my decision.

Jan 10, 2017 05:08 AM
Rainmaker
823,579
Susan Laxson CRS
Palm Properties - La Quinta, CA
Realtor in San Diego, CA & Naples, FL

I didn't know they even provided mortgages. Thanks for the info!

Jan 10, 2017 04:57 AM