wHAT TO EXPECT
Frequently Asked Questions
wHEN i APPLY FOR A LOAN WITH FARM AND tIMBERLAND SERVICES, WHAT SHOULD I EXPECT?
Here's a quick rundown of the process.
- Initial phone conversation
- Submission of applicant's financial information and property information
- Preliminary analysis by FTS (at no cost or obligation)
- Decision by lender regarding taking a formal application
- Formal application taken only after sufficient due diligence is done to maximize approval odds
What deposits will i need to pay?
Deposits required at application:
Rate lock and origination fees vary based on loan product and lender
will i pay anything if my application is rejected?
In the very unlikely event that a formal application is declined by the lender, a modest service fee is retained by FTS. The remainder of the rate lock and/or origination fee is refunded.