Land loans in OK, KS, MO & AR
Buy the land you want. Build when you’re ready.
Qualified buyers can finance land with $0 down through Spurr Mortgage, a locally owned Edmond lender for 35+ years. Planning a home? We finance the build too.
Two ways we help you own land
Most of our borrowers buy land first and build later. Start wherever you are today.
Buying land now
$0 down payment
100% financing on residential land and lots
- Loan amounts from $50,000 to $259,000
- 15-year amortization
- 680 minimum credit score
- Raw or improved land, with or without utilities
- No obligation to build. Keep it as land as long as you like
Ready to build
Build on your land with one closing
A One-Time Close construction loan covers the build and your permanent mortgage in a single loan.
- One application, one appraisal, one closing
- Interest-only payments while you build
- Up to 12 months to build
- Land equity can go toward your down payment
From land to home, at your pace
Buying land never obligates you to build. Here is how the journey works.
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Get pre-qualified
Apply online or call Richard. You’ll know your budget before you start shopping for land.
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Buy your land with $0 down
Get under contract, then we guide you through the appraisal, survey and title policy to closing.
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Build when you’re ready
Next year or ten years from now, a One-Time Close construction loan can put your land equity to work.
Local people who pick up the phone
Spurr Mortgage has been a locally owned Oklahoma lender since 1990. You work directly with our team in Edmond, from your first question to closing day.
Richard Spurr
Senior Land Specialist
Your contact for no-down-payment land and lot loans.
Jennifer Buffington
Partner & Senior Loan Officer
Your contact for One-Time Close construction financing.
Quick answers
Have a question that isn’t here? Call us at 405-348-9919 or read every question on our FAQ page.
What credit score do I need for a no-down-payment land loan?
You need a minimum credit score of 680 for our 100% No Down Payment land loan.
Do I have to build right away?
No. There is no required time frame. You can keep the property as land, or build whenever it is right for you.
Can I use my land equity to build a home?
Yes. A One-Time Close construction loan is available any time after you buy the land. A One-Time Close loan needs a 10% down payment, and your land equity can be applied toward it.
What will I pay at closing?
Closing costs such as the title policy, appraisal, survey and origination fee. Everything is due at closing except the appraisal fee, which is paid upfront.
Can the land already have a house on it?
No. The property can’t have a habitable structure, and the appraisal values the land only. Unimproved or improved lots, with or without utilities, can qualify.
Tell us about the land you want to buy
Share the location, acreage and asking price, and our team will get back to you with your next steps.
- Call405-348-9919
- Visit233 E. 10th Street Plaza, Suite 3, Edmond, OK 73034
- HoursMonday to Friday, 9 am to 5:30 pm
Spurr Mortgage, NMLS #184526
Send us a message
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