Jan Green, RE/MAX Excalibur, REALTOR®, EcoBroker, GREEN (RE/MAX Excalibur,Scottsdale, 602-620-2699)

Spam prevention
Ambassador
2,794,369
Debbie Reynolds
Berkshire Hathaway HomeServices PenFed Realty, Your Clarksville Real Estate Professional - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

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
1,691,881
Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

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
Ambassador
1,377,734
Harry F. D'Elia
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
333,789
Anna Hatridge
Goodson Realty - Bonne Terre, MO
Missouri Realtor with Goodson Realty

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
1,589,563
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area 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
Ambassador
2,146,170
Paul S. Henderson, REALTOR®, Broker, Tacoma Washington
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

I work a lot with state farm but never a mortgage

Jan 09, 2017 10:25 PM
Ambassador
2,897,916
Jeff Dowler
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

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
52,229
Julie Larson Realtor® Sarasota
PalmerHouse Properties Florida - 941-882-0322 | 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
2,799,317
Dorie Dillard
Coldwell Banker United Realtors® ~ Subsidiary of NRT, LLC - Austin, TX
Realtor-Canyon Creek- NW, Austin TX Homes For Sale

I never knew they did mortgages!!!

Jan 09, 2017 07:16 PM
Ambassador
852,150
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
1,222,332
Sybil Campbell
Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia - Williamsburg, VA
REALTOR® ABR, SFR, SRES Williamsburg, Virginia

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

Jan 09, 2017 06:47 PM
Ambassador
2,567,886
Bob Crane
Woodland Management Service - Stevens Point, WI
Forestland Experts! 715-204-9671

Did not know that they did mortgages.

Jan 09, 2017 06:27 PM
Rainmaker
542,107
Jennifer Mackay
Keller Williams Success Realty - 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
2,022,941
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's 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
3,299,147
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
2,020,976
Tony and Suzanne Marriott, Associate Brokers
Haven Express @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

That's a first!

Jan 10, 2017 04:22 AM
Rainmaker
532,817
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Leesburg, VA

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
1,111,043
Marc Swartz, CPA, CA, Real Estate Broker
Royal LePage Vision Realty, Brokerage, Direct: (416) 737-9800, Office: (416) 321-2228 - Toronto, ON
Toronto, Durham & York Regions, Ontario, Canada

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
88,881
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
633,759
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
170,253
Nathan Gesner
American West Realty & Management - Cody, WY
Cody, Wyoming Property Manager, baldness expert

I've never experienced a mortgage with State Farm.

Jan 09, 2017 08:47 PM
Rainmaker
3,658,554
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Nope.

 

Jan 09, 2017 06:53 PM
Rainmaker
1,917,376
Will Hamm
Hamm Homes - Denver, CO
"Where There's a Will, There's a Way!"

Did not know that they did mortgages.

 

Jan 11, 2017 10:52 AM
Rainmaker
1,120,497
Sandy Padula and Norm Padula, JD, GRI NMLS#1483386
Allison James Estates & Homes & Juncal Real Estate - Carlsbad, 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
2,901,794
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
1,600,206
Fred Griffin
Frederick Griffin, Exclusive Buyer's Broker - Tallahassee, FL
Licensed Florida Real Estate Broker

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

Jan 10, 2017 07:16 PM
Ambassador
3,576,185
Patricia Kennedy
Evers & Company Real Estate, Inc. - Washington, DC
For Your Home in the Capital

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

Jan 10, 2017 06:45 PM
Rainmaker
93,118
Diana White-Pettis
Exit Bennett Realty - Upper Marlboro, MD
GRI, CDPE, CNE, 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
Ambassador
2,109,339
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
Ambassador
3,048,680
Praful Thakkar
Keller Williams Realty - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

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

Jan 10, 2017 03:13 PM
Rainmaker
703,617
Ryan Huggins - Thousand Oaks, CA
www.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
358,476
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
Rainmaker
31,067
Susie Kay
Ultima Real Estate - Dallas, TX
Dallas Specialist

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

Jan 10, 2017 07:57 AM
Rainmaker
3,429,105
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

I thought that was an insurance company!!!

Jan 10, 2017 07:57 AM
Rainmaker
741,029
Jan Green
RE/MAX Excalibur,Scottsdale, 602-620-2699 - Scottsdale, AZ
RE/MAX Excalibur, 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
794,435
Les & Sarah Oswald
Eastvale Team Realty & Property Mgmt - 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
1,175,263
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
3,376,967
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
1,942,258
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

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

Jan 10, 2017 06:12 AM
Rainmaker
1,161,727
Lyn Sims
RE/MAX Suburban - Northwest Suburbs of Chicago - Schaumburg, IL
Schaumburg IL Area Real Estate

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
700,109
Susan Laxson CRS
Palm Properties International - Naples, FL
Local Knowledge & Global Network

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

Jan 10, 2017 04:57 AM