New Construction Homes Across Marion County

We finance new houses in Ocala Florida and have home building partners with properties that have never been lived in and are move-in ready. Homes are available throughout Marion County including Ocala, Silver Springs Shores, Marion Oaks, Dunnellon, Rainbow Park Estates, and Ocklawaha. If your goal is to build a custom home and finance the construction we have options for you as well.

Although it’s much easier to finance an existing build that has been completed at the cost of the builder. Doing it this way saves you on closing costs, gets you a better interest rate, and gives you more flexibility on credit score. If the home isn’t quite complete you can still get it under contract and have the ability to choose finishes and colors just like you would with a custom build.

Builders want you to be pre-approved just like with any regular listing — we can help whether you’re pre-approved already or not.

How Much Down Do I Need?

When financing new houses in Ocala Florida or the surrounding areas we have a lot of options available. If purchasing as a primary residence, $0 down is available with USDA financing. 3.5% down is possible with FHA financing. $0 down is available if you are a veteran utilizing your VA benefit for primary or secondary financing.

Conventional financing is available with as little as 3% down for first time home buyers. If you work for a Florida-based company, Hometown Heroes is available for those who haven’t owned a home in 3 years. This program contributes 5% of the sales price towards down payment and/or closing costs as a silent second mortgage at 0% interest. If you want to buy an investment property, 20% down will be needed.

How Quick Can I Close on a New Home?

If the home is already complete then there’s no stopping you from closing as quick as possible. We work with some of the most competitive and quick lenders in the country, so we can close just about as quick as you can get documents to us — as soon as 2 weeks once you’re under contract.

The home has to have what’s called the certificate of occupancy, or the C.O., to close. This is the final permitting process done by the local Ocala and Marion County government that allows the home to be officially occupied. If you happen to find a home in an area around Ocala that you love and it’s not complete, you can still get it under contract. It’s also a great chance to talk to your builder about finishes and colors you may want to customize.

Minimum Credit Score for New Construction

We can finance new homes with credit scores down to 580 using FHA or VA financing. To use conventional financing you at least need a 620 credit score. To use a first time home buyer program you at least need a 640.

Being pre-approved is paramount when buying a new home. Builders typically only use preferred lenders to do the financing on their homes. While a lower score is possible, a more thorough process is required to ensure your loan will close. Builders do not like to tie up their properties to deals that fall through. We’re the preferred lender to multiple builders in and around Ocala Florida. Starting with us is a great first step.

Can I Save Money on a New Home Near Ocala?

Ocala Florida and the surrounding areas are known for their affordability. Whether it’s Silver Springs Shores, Marion Oaks, Dunnellon, Rainbow Park Estates, Ocklawaha, or anywhere in between, there are plenty of new homes to choose from. Prices can be as low as $240,000.

The savings don’t stop there. Did you know that homeowners insurance on new houses is dramatically lower than existing homes? We see quotes come in all the time between $500 and $600 for insurance. Compare that to existing homes that can easily be $1,500 or more.

More Things to Love About New Homes

Home insurance is not the only way you’ll save money when buying a new home. The cost of utilities can be substantially cheaper. Modern insulation and building techniques make new homes much more energy efficient. New air conditioning units installed as of January 1, 2023 in Florida must have a 15 SEER rating, which gives you monthly savings on your energy bill living in Florida and combating the summer heat.

Let’s not forget about maintenance. All of your appliances will be new. New water heater, new roof. A roof can easily cost $10,000 — when buying a new house you’re putting that cost off for a decade at least.

Are New Construction Homes a Good Investment?

Whether you want to buy a new house in Ocala Florida as a primary residence, second home, or investment property, they can make for a great investment. With less to repair and replace over the coming years, there’s inherent value in purchasing a new home.

Additionally, if you want to be a landlord and rent the property, prospective renters often choose new properties over old properties for the same reason you’re considering a new house — there’s just something about being in something new. The lower electric bill on new construction homes is just as attractive to renters as it is to homeowners.

Key Points to Remember When Buying a New House

• You must be pre-approved. Builders prefer their own lenders because pre-approvals from elsewhere are often not done thoroughly.
• Single family homes are available in Ocala, Silver Springs Shores, Ocklawaha, Dunnellon, Rainbow Park Estates, Marion Oaks, and more.
• You don’t need a construction loan to purchase a newly completed home — it’s much easier to qualify for a builder’s spec home than to do a custom construction build.
• First time home buyer programs are available.
• Builder concessions for closing costs may be possible.
• We can fully underwrite your file to make your pre-approval rock solid.
• FHA, VA, USDA, conventional financing — or with 10% down a bank statement loan is possible. DSCR available for investors.
• For a preview of one of our preferred builder partners, visit Shamrock Construction.

A Few Perks of Buying a New House

• Home insurance is much cheaper on new houses in Florida.
• New homes are more energy efficient with modern insulation and the latest energy-efficient AC units.
• A new roof goes a long way — up to the latest hurricane code, and no roof worries for the next 10-20 years.
• You can make it your own. If we connect you with a builder before completion, you get to choose your finishes and colors.
• Deferred maintenance on everything that matters. New water heater, new air handlers, new refrigerator, new dishwasher, new fuse box, new plumbing fixtures — with a new house you get new everything.

New Construction in Ocala FAQ

Ready to Tour New Homes in Ocala?

Builders prefer pre-approved buyers. We’ll get you fully pre-approved in 24 hours so you can shop new construction with confidence — and so builders take you seriously when you walk in.