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Land Loans in Oklahoma

For All Your Roots To Grow

Secure your perfect plot and take the first step toward building something truly yours with an Allegiance Credit Union Land Loan.

Apply Now
Family photo posed on land purchased with Allegiance Land Loan

Start Your Land Loan Application

Land Loan Rates

Mortgage Terms
APR* (as low as)
5 Year
6.000%
10 Year
6.125%
Effective Date August 13, 2025

*APR = Annual Percentage Rate.
Loan subject to approval. Final rate and term determined during underwriting.

Mortgage & Home Loan Options in OKC

Secure The Space You Need For What’s Next.

Land Loan Benefits

When you're ready to turn possibility into progress, a Land Loan from Allegiance Credit Union gives you the financing to move forward. Rooted right here in Oklahoma, we understand the local market and what it takes to help our neighbors secure the land they’ve been dreaming of. Get pre-approved today and take the next step with a team that’s truly close to home.

Couple looking out over Oklahoma ranch

COMPETITIVE RATES

Our competitive Land Loan rates make buying your land within reach.

APPLY ONLINE

Can't make it to a branch? No problem! Apply for a Land Loan from your desktop or phone. 

FLEXIBLE TERMS

Our Land Loans offer you flexible loan terms so you can build on your schedule.

LOCAL EXPERT SUPPORT

Allegiance is rooted in the Oklahoma City community, and ready to help.

Get $250 When You Finance Your Land Loan

Enjoy an extra $250* when you finance a new mortgage or refinance an existing mortgage from another institution with us! Fill out our quick form to claim your coupon!

New Website Allegiance Coupon (600 x 400 px) (5)

*Loan subject to approval. Minimum loan amount $20,000. Must mention coupon to loan officer. $250 cash bonus will be deposited into member’s account at the time of closing. Does not apply to internal refinances. Promotion starts January 22, 2024 and may expire at any time without notice.

Calculate Your Mortgage Payment

Land Loan Calculator

Thinking about buying land but not sure where to start? Our Land Loan calculator helps you estimate monthly payments based on different loan amounts, interest rates, and terms. Get clarity on your budget and move forward with confidence.

*Your actual term and payment will be provided upon acceptance of an Allegiance Credit Union loan. This calculator is for informational purposes only and its use does not guarantee an extension of credit.

Calculator2

Employee on computer_Nicole

What You'll Need to Qualify for a Land Loan

Question: What Are the Land Loan Requirements?

To qualify for a Land Loan with Allegiance Credit Union, here’s what you’ll need:

  • Good Credit Score: A strong credit history (typically 680 or higher) helps secure better loan terms.

  • Stable Income: Proof of consistent income to show you can repay the loan.

  • Down Payment: Land Loans often require 20%–30% down, depending on the property type.

  • Land Details: A clear description of the land, including zoning, location, and intended use.

  • Solid Debt-to-Income Ratio: A manageable ratio of your monthly debts compared to your income.

Questions? No problem! Reach out to our team of experts who are ready to help.

Apply Now
Download Your Free Copy!

Discover How Much House You Can Afford in OKC

Make smarter mortgage decisions by revealing what important home buying factors you must consider when deciding which mortgage type and payment amount is best for your budget.

allegiancehomebuyingcover
Oklahoma land with moon

Buy Land Now. Build Dreams Later.

Question: How Do Land Loans Work?

Buying land in Oklahoma is a big step, and we're here to make it easier. A Land Loan helps you finance the purchase of undeveloped property, whether it’s wide-open acreage in rural Oklahoma or a city lot, without needing to build right away.

These loans work a bit differently than traditional mortgages, often requiring a larger down payment and strong credit. But with flexible terms and local lending support, we make it easy to move forward and start building your future from the ground up.

Apply Now
Mortgage Team

Unlock Your Homebuying Power

What is a Mortgage Pre-Approval?

Thinking about buying a home in the Greater Oklahoma City area? Allegiance Credit Union can help you start strong with Mortgage pre-approval. Getting pre-approved helps you estimate approximately how much you can borrow. A seller will be more likely to consider you a serious buyer if you have a preapproval in hand.

Just fill out our mortgage application, and we’ll verify your info and check your credit. If approved, you’ll get a pre-approval letter (an offer to lend a specific amount) that is valid for 90 days. Don't wait! Get pre-approved today!

Apply Now

Your Mortgage Toolkit

We've gathered our most helpful links, forms, and mortgage guidelines below.

Manage Your Mortgage

Take control of your finances and manage your home loan from anywhere with Manage My Home Loan.

  • Access Your Loan Balance
  • View Payment Options
  • And More

Register or log in to Manage My Home Loan today!

Get Started

Insurance & Payment Forms

At Allegiance Credit Union, we strive to make the mortgage process as smooth as possible. Here are a few forms our members find helpful:

Error Resolution

If you feel there is an incorrect charge, misapplied payment, or other error, please notify our mortgage team immediately. All requests must be in writing on a separate piece of paper and submitted to:

Allegiance Credit Union
Attn: Mortgage Servicing
4235 N Meridian Ave
Oklahoma City OK 73112

For Error Resolution include:

  • Your Name
  • Mortgage or Account Number and Error

For Mortgage Service Requests include:

  • Your Name
  • Mortgage or Account Number and Request Details
Contact Us

The SAFE Act

Allegiance Credit Union mortgage loan originators are registered and in compliance with the Secure and Fair Enforcement of Mortgage Licensing Act (SAFE Act). One purpose of the SAFE Act is to increase consumer protection by allowing consumers access to mortgage loan originator information with whom they wish to conduct business. You may access information at the nationwide mortgage-licensing registry.

Learn More

What Does It Mean To Be An Equal Housing Lender?

Allegiance Credit Union is proud to be an Equal Housing Lender. We follow lending laws that prevent discrimination during the home selling, buying, and financing process on the basis of race, color, religion, sex, handicap, familial status, or national origin.

Learn More

Employee Name & NMLS Identifier

  • Goines, Micheala 1663406
  • McCarroll, Taylor 2484009
  • Sosa, Max
  • Toribio, Trevor
  • Wood, Chrissy 470059
Choose Your Lender

  • Manage Your Mortgage

    Take control of your finances and manage your home loan from anywhere with Manage My Home Loan.

    • Access Your Loan Balance
    • View Payment Options
    • And More

    Register or log in to Manage My Home Loan today!

    Get Started

Manage Your Mortgage

Take control of your finances and manage your home loan from anywhere with Manage My Home Loan.

  • Access Your Loan Balance
  • View Payment Options
  • And More

Register or log in to Manage My Home Loan today!

Get Started

Additional Resources

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How Soon Can You Refinance a Mortgage?

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Allegiance-Credit-Union-members-picked-credit-union-vs-bank-when-it-came-to-their-mortgage-while-shaking-hands-with-mortgage-officer.

Credit Union vs Bank Mortgage: 3 Ways Your Choice Impacts Oklahoma

After nurturing that credit score and saving up a down payment, it’s time to realize the American...

Read More
Future-homebuyers-understanding-adjustable-rate-mortagage-vs-fixed-rate-mortages-key-differences.

Adjustable Rate Mortgage vs. Fixed Rate Mortgage: The Key Differences

When shopping for a home or investment property, buyers are also responsible for choosing the right...

Read More

Frequently Asked Land Loan Questions

What does my credit score need to be to qualify for a Land Loan?

There are many factors that are considered when it comes to getting approved, but generally speaking, it’s best to have a FICO or credit score over 680.

How much is my down payment for my Land Loan?

Land Loans typically require a down payment of 20%-30% down, depending on the property type.

Can I apply extra money towards the principal balance?

Yes, you can make extra principal only payments on your loan as frequently as you like. Loan must be current to apply extra principal payments.

Do I need to use a realtor?

It’s not required to use a realtor when purchasing land, but we definitely recommended you use one to help you navigate the process!