BUYING LAND: THE LOAN PROCESS

If you’ve never been through the loan process before, it can be overwhelming. There are a lot of options out there for financing and finding a lender that suits your purchase is important. We partner with some of the best lenders in the industry who can help you navigate your options.

The first step is getting “pre-approved”. The pre-approval process is the first major step toward securing a loan, giving buyers a clear picture of what they can afford and helping them make stronger offers. It begins when you submit a loan application to a lender, providing details about your income, assets, debts, and credit history. The lender reviews your financial profile, often pulling a credit report and verifying key information like employment and bank statements. Once approved, you’ll receive a pre-approval letter stating your estimated loan amount and terms. This letter signals to sellers that you’re a serious, qualified buyer, and it can make all the difference in a competitive market.

Once you’re pre-approved and find a property you love, you’ll make an offer and, if accepted, move into escrow while inspections, appraisal, and title examinations are completed. Your lender finalizes the loan through underwriting, confirming all financial and property details. Once approved, you’ll sign closing documents, the loan is funded, and you’re the proud owner of your own piece of Oklahoma.