08/25/2026
Hey Oklahoma!
Looking to finance your first property within the next year?
Let's look at some things you can do to get the best loan terms lined out for you when you start filling out lending applications!
No credit?
Start with credit building. Banks usually offer credit builder loans, starter cards or secured credit cards to help build your credit safely and get you into a good cycle. If this is a good fit for you then I would suggest looking into here first. Make sure that you are making your payments on time to keep your payment history in good standing which increases your credit score... and keep those credit card purchases LOW.
Stable Credit?
Keep your balances low to optimize your credit utilization and score tiering. Make sure you are keeping a healthy debt to income ratio and remember that if you co-signed for someone else, that it can reflect on your credit!
Credit is questionable?
Download the free credit report and start cleaning up your credit history. I'll drop the link in the comments for quick access!
**Questions about credit score, debt to income ratios and terms for approval should be directed to your lender! You can use this inquiring information to start interviewing lenders to see who is the best match for you!
Look for a lender who is communicative, understanding to your situation and be honest with your answers. They mean no harm, they just need the full story to be able to assist you best without any hiccups! Your lender will be your point of contact for this very important financial accomplishment so you want to make sure that they are someone you feel comfortable speaking with!
If you are needing help finding a local lender, I have a list of really great options!
Already got your lending locked in and ready to start shopping for homes? Give me a call! I'd love to help you!
Shelby Ellis, Realtor
580-630-2635
1 Oak Real Estate Co.
920 Grand Ave. Ardmore, OK 73401
580-222-8936
