Email intended for: [Customer First and Last Name]
Terms and Conditions of Pre-selected Offer
¹This offer is based upon an initial assessment that you met State Farm Bank (the Bank) credit standards. All loans are conditioned upon confirmation that you continue to meet these credit standards as well as final credit and income verification and collateral review. You will be required to provide the Bank a first or second priority mortgage lien on your home and the Bank will need to order a property appraisal, title search, and confirm property insurance acceptable to the Bank. Certain property types such as manufactured homes, condominiums, second homes, rental, or investment properties and certain non-site built homes, are not eligible for this offer and additional restrictions may apply. If the property is determined to be in a Special Flood Hazard Area, flood insurance will be required. The loan amount you have been pre-selected for may vary, however, the minimum loan amount is $10,000 and the maximum loan amount may not exceed $100,000. Loan-to-value maximum may vary depending on credit score and lien position. If you are interested in a larger loan or a different loan product, please contact a mortgage licensed State Farm agent or State Farm Bank. The amount of your loan will be established after your application is submitted to the Bank directly or through a mortgage licensed State Farm agent. Lowering your monthly payments may result in you paying more interest if the term of the loan is extended over a longer period of time. This offer is valid only for applicants who are 18 years of age or older. This offer is
for one loan or line of credit only, is not transferable and an application in response to it may be made only by the named recipient. In order to close on a loan, all customary closing conditions must be met. Other restrictions may apply.
²For home equity lines of credit and loans, State Farm Bank will cover certain third party closing fees, such as appraisal, title search, credit report and flood determination. If you pay off and close the account within 36 months, an early closure fee may be assessed up to $500 of bona-fide third party charges paid on your behalf by State Farm Bank. For lines of credit, the annual fee of $65.00 is waived the first year.
³Interest on a home equity loan or line of credit may be tax deductible. Consult a tax advisor regarding the deductibility of interest in your individual situation.
⁴For home equity lines of credit, after the expiration of the intro period, the APR is variable and will be determined by the current prime rate published in
The Wall Street Journal plus a margin. The margin you qualify for is based on a full underwriting review. The maximum APR that may be imposed is 21.000% and the minimum is 4.000%.
You received this email at [customer email address] because you have a State Farm policy/account or you have requested information from State Farm. If you do not want to receive any future State Farm advertising/promotional emails, please
unsubscribe or write to us at State Farm Mutual Automobile Insurance Company, Mail Response Center, One State Farm Plaza, Bloomington, IL 61710.
There is no requirement to purchase any insurance or other products from State Farm in conjunction with or as a condition to obtaining a loan from State Farm Bank. You are free to obtain any collateral insurance required by State Farm Bank from any insurer of your choice acceptable to State Farm Bank.
Loans are underwritten and offered through State Farm Bank, F.S.B.
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 a written 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 statefarm.com
® or by contacting the Bank at 877-SF4-BANK (877-734-2265). Callers who are hearing or speech impaired should dial 711 or use a preferred Telecommunications Relay Service. To apply for a Bank product, you may also see your participating State Farm agent.
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PRESCREEN & OPT-OUT NOTICE: This offer is “prescreened,” it is based on information in your credit report indicating that you meet certain criteria. This offer is not guaranteed if you do not meet our criteria. If you do not want to receive prescreened offers of credit from this and other companies, call the consumer reporting agencies toll-free 1-888-5-OPT-OUT (1-888-567-8688); or write: TransUnion Name Removal Option, P.O. Box 505, Woodlyn, PA 19094; Experian DMA Mail Preference Service, P.O. Box 643, Carmel, NY 10512; Equifax Information Services, P.O. Box 740123, Atlanta, GA 30374-0123; or use web address www.optoutprescreen.com.
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