Have you ever thought about owning a ranch? Land ownership is a part of the American Dream! Whether it’s 40 acres or 4000 acres, First National Bank has the experienced lending staff and a loan program especially designed with you in mind. We also make combination ranch and improvement loans, so you can build that special home right in the middle of that new ranch. And don’t forget about the barns, the fences, the ponds and the gates. You are dealing with Southern Oklahoma’s premier agricultural lender. We know ranching like no other lender in this part of Oklahoma. Agricultural lending has been the bedrock upon which First National Bank was founded going all the way back to 1889! Ask the ranchers in Southern Oklahoma, they’ll tell you! We understand the farm and ranch business.
Competitive rates that are usually floated at a margin over “WALL STREET JOURNAL PRIME RATE AS PUBLISHED IN THE MONEY MARKET SECTION OF THE WALL STREET JOURNAL.”
Loan terms vary.
Loans are are generally based on a percentage of the sales price or the appraised value, whichever is less. Apply now!
In addition to completing a loan application, it is generally recommended that you bring along the following additional financial information to expedite your loan request:
- A business financial statement (if you are incorporated), and copies of business tax returns covering a 3-year period if possible.
- A personal financial statement and copies of 3 years of personal tax returns if possible.
- A copy of the real estate contract is always helpful along with a legal description.
- If this is a building project, a copy of the plans and specifications, along with a builder’s estimate of the cost is very helpful.
- An abstract of the property, which will be examined by a local attorney, with an attorney’s opinion or title insurance being required prior to closing. An appraisal by a bank-approved appraiser will be needed.
