Conterra’s Rapid Application is a credit score based model designed to simplify the application process and deliver a credit decision quickly. By filling out the Rapid Application form you bypass the majority of traditional loan onboarding requirements and reduce the amount of time needed to submit and qualify for a loan with Conterra. Please read the eligibility parameters before filling out this application. If you do not meet the requirements you can fill out a standard loan request form and we will contact you to quickly to see what kind of loan would work best for your situation.
- Maximum loan size: $1.5 Million per applicant within a 12 month period.
- Maximum Loan-to-Value (LTV) 55% of total combined bare land and permanent plantings, the max LTV of 55% is based off of bare land only.
- Minimum credit score for all applicants: 720
- Monthly or semi-annual payment frequencies
- No restrictions on use of funds
- Fixed, Variable, and Adjustable Rates offered
- Applicants/borrowers must include all title holders
- The following are not allowed in a Conterra Rapid Application:
-Highly improved, livestock and special use facilities
-Trusts (without an eligible co-borrower and personal guarantee)
-Annual payment frequency