How to Buy Land in Oklahoma

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Buying land in Oklahoma involves finding the appropriate piece of land and financing it. Loans for vacant, raw land generally have a higher interest rate than home mortgages. Also, a down payment is required that generally equal up to 20 percent of the total purchase price depending on your credit score, employment history and other factors according to Bankrate Shop around to find the best deal before choosing your lender.

Research and locate the land in Oklahoma that you want to purchase. Use the local newspaper to find land for sale. For instance, if you live in Oklahoma City, Okla. use the Oklahoman newspaper. Use the list provided in the resources to locate the newspaper for your town.

Read More: How to Sell Inherited Land

Visit a local real estate office for a list of land for sale. Any Realtor has access to the Oklahoma multiple listing service (MLS), which is a service that allows you to locate land listed by any Realtor that participates.

Compose a contract for the land in Oklahoma you want to purchase. Include the names of the buyers and sellers, a description of the land provided on the deed, the purchase price, and any contingencies, such as financing and additional provisions. This generally includes a survey and title search.

Contact a lender and secure financing for the land. Farm Credit of Central Oklahoma, Janus Ag Finance and Farm Bureau Bank offer loans for land in Oklahoma. Compare the terms and rates from each lender.

Provide the lender you choose with an application. Also, supply the requested loan documents, such as a pay stub, a copy of your bank statement and a copy of your federal tax returns.

Complete the provisions listed in the contract. The lender will guide you through the process of ordering the survey and title search. After completing the required provisions, the lender provides you and the seller with a new deed.

Sign the closing documents for the land. This includes the note and mortgage agreement. The seller then signs the deed making you the deeded owner with the mortgage company listed as the lien holder. The new deed is recorded at the Oklahoma courthouse in the county where the land is located.


  • Do not allow lenders to pull your credit report until you have decided on one. Each time it is checked, your score is lowered.