AllState's banking arm offers a full menu of home loans, from mortgages to home equity loans and home equity lines of credit. Allstate offers three types of mortgages: Fixed Rate, Adjustable Rate, and Balloon. Fixed Rate means you’re interest rate will stays the same until the end of the loan; Adjustable Rate (ARM) means you’ll have a fluctuating rate; and Balloon means that after a specified amount of time, the balance on your mortgage is due all at once.