Tillable and Compeer Financial have partnered to launch an online loan application, enabling anyone to purchase or refinance farmland directly from a smartphone. Farmers, landowners and investors can now visit Tillable to shop for a farmland mortgage, refinance their current loans, or finance their cash rent. The all-digital lending application takes less than ten minutes to complete, and for the first time ever, qualified borrowers will learn if they are approved for the loan of their choice within seconds. The new service is currently available in selected counties in Illinois, Wisconsin and Minnesota. Compeer Financial will underwrite and service all loans originated through the partnership. In the near-term, the companies hope to digitize the entire closing process for farm loans. The new financial offering coincides with Tillable's entrance into the real estate brokerage market. Tillable customers can now buy or sell farmland through the website. For additional information on both services, visit Tillable.com.
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