Land loans with $0 down payment

Finance raw or improved residential land in Oklahoma, Kansas, Missouri and Arkansas with 100% financing from a locally owned Edmond lender.

Get Pre-QualifiedCall 405-348-9919

The 100% Land Loan at a glance

One program, built for buyers who want land now and the freedom to build later.

Down payment$0
Loan amount$50,000 to $259,000
Minimum credit score680
Term15-year amortization
StatesOklahoma, Kansas, Missouri & Arkansas
PropertyRaw or improved residential land, with or without utilities
StructuresNo habitable structure on the land
BankruptcyNone within the last 10 years

About Spurr zero down land and lot loans

At last, a land and lot lending program created to help buyers finance land or a residential lot with no down payment.

  • Spurr Mortgage is a locally owned Oklahoma mortgage company, in business since 1990 with a trusted reputation.
  • We have helped buyers finance land and lots at 100% financing for 15 years.
  • Apply online and you’ll get immediate attention and see how easily you can get a no-down land loan.
Richard Spurr, Senior Land Specialist

Richard Spurr

Senior Land Specialist

Talk in person, on the phone, or complete an application online. Whatever you prefer.

405-348-9919Apply for a land loan

People also ask

Answers to the questions we hear most about financing land and lots. Call 405-348-9919 if yours isn’t here.

What Credit Score is needed to get a 100% NO Down Payment loan to buy land?

For a 100% land loan, you must have a 680 minimum credit score.

Can you finance a house on unimproved land you already own?

Yes, a 12-month One-Time Close Construction loan is available for a 30-year home mortgage at any time after the land is purchased. In addition, any land equity after the purchase can be applied toward your down payment for a home loan.

How to qualify for a 15-year mortgage for buying a Lot or Land loan?

We start by taking an application, pulling credit, and collecting required documents to move your 100% No Down Payment Land Loan forward. The next step is to get under contract.

How much do you have to put down on Land/Lot or acreage in Oklahoma, Kansas, Missouri, or Arkansas?

A down payment of ZERO is required for our 100% No Down Payment 15-year fixed amortization land loan in Oklahoma, Kansas, Arkansas, and Missouri.

What is the difference between a Land Loan and a Home Loan?

A land loan works like a home mortgage, such as needing a good credit score, appraisal value meeting the sale price, and a clear Title Insurance Policy before we can close the transaction.

Can a residential Unimproved or Improved Land/Lot be purchased with No Down Payment?

Yes, unimproved or improved Land/lots can be financed with or without utilities.

What is the difference between a Land/Lot loan and Acreage/Land loan?

A Lot loan is generally provided for residential purposes in urban areas. An Acerage Land loan is typically outside the Urban areas and has more acres than a City Lot.

Can I buy land and build later, or do I have to build immediately?

You can build when it is best for you. No required time frame to build or not to build. Can keep just as Land or build. Once you have the equity or available cash, you can build on your land.

How to build a house on Acreage or raw Land, or a Lot with no money down?

You can use the equity in your land towards a Down Payment or your own money towards a Down Payment to build a house. You will need a 10% Down Payment or land equity to use a One-Time Close Construction loan.

Before financing a no-down-payment Land loan, how much money should you save?

To qualify, we must verify that you have enough to cover closing costs, such as a Title Policy, Appraisal fee, Survey, and Origination fee. All costs will be due at closing except for an Appraisal fee that is due upfront.

Can the Land or Lot already have a structure on-site?

The property cannot have a human-habitable structure. No money value can be given to a structure in the appraised value. The appraisal will be valued on land only.

What are the Minimum and Maximum loan amounts?

With the 100% Land/Lot Land loan, the maximum loan amount is $259,000, and a minimum of $50,000 loan amount with mortgage payments amortized over a 15-year term of equal monthly payments for the first five years and covert to an ARM for the remaining years.

Can I finance a Land/Lot if I have filed for bankruptcy?

With the 100% No Down Payment loan program, no bankruptcy within (10) ten years. Extenuating circumstances can be considered.

Can I use Lot/Land for Business, Farm/Ranch?

No, these programs are considered commercial loans.
Home plans and a model house on a builder’s desk

Planning to build?

One closing covers the build and your mortgage

When you’re ready, a One-Time Close construction loan finances your home and your permanent mortgage together, and your land equity can go toward the down payment.

  • Qualify once, with one appraisal
  • Interest-only payments while you build
  • Up to 12 months to build
Explore Buy Land & Build

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

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