Loan Applications
Application Processing Procedure

Application Processing Procedure

  • 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 avoids nearly all rejections by Lender
  • Deposits required at application:
    1% Rate-Lock or Spread-Lock Fee (Refunded at closing or if declined) This locks the rate for 60 days or spread for 90 days allowing time for closing while protecting the rate quoted.
    1% Application Fee (Refunded only if application is denied)*
  • Formal loan approval typically within 20-45 days
  • Closing within 60 days of application
  • Appraisals, Timber Cruises, Title Work etc. completed prior to closing at applicant's expense


* If the application is declined, a service fee of one-tenth of the 1% is retained by FTS for the application fee.


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Leesburg, GA
farmts@bellsouth.net