First Time Home Buyer Ocala Florida is Ocala Florida’s #1 First Time Home Buyer loan lender. We are helping borrowers in Ocala Florida to qualify for the best First Time Home Buyer home loan to meet their borrowing requirements. First Time Home Buyer loan programs provide the best mortgage rates in Ocala for FHA loans, VA Loans, Jumbo Loans and non-qm loans for first time home buyers.

First Time Home Buyer Ocala Florida has a number of First time home buyer loan programs from simple W2 employees to full 2 year tax returns, self employed loans, Non QM loans and more with low down payments and fees. Contact us today to craft the loan that best fits your needs. Some qualifications below.

FHA First Time Home Buyer and HomeReady Program Terms

  • A credit score of at least 580 for a 3% down home loan
  • A credit score of 500 to 579 for a 10% down payment
  • FHA loan with 3.5% down payment requirement
  • Mortgage insurance that is offset due to lower FHA interest rates than a conventional loan.
  • FHA Debt to income ratio of 50% or less

Qualify for a 3% down Home Loan in Ocala Florida. Use this application to pre-qualify and start shopping for your new home in Ocala Florida today! Purchase, Refinance, Cash Out Refinance.

Best Motgage Rates in Ocala Florida
Prequalify now to see how much of Loan you can qualify for. 

Benefits of Being A First Time Home Buyer In Ocala Florida

Home loan flip application

Home Loans Ocala Florida

Things To Do In and Around Ocala Florida

  • Silver Springs State Park (Nature, trails, a museum & more)
  • Appleton Museum of Art (Classic & modern art exhibitions)
  • Silver River (Park and garden, river, manatees, macaques and alligators)
  • The Canyons Zip Line and Adventure Park (Elevated adventures in a scenic setting)
  • Silver Springs (Artesian spring waters & state park)
  • Sholom Park (Scenic nature area with gardens & trails)

Ocala Home Loan Programs Explained.

FHA Loans (Federal Housing Administration):

FHA loans are government-backed loans designed for first-time homebuyers with lower credit scores. They require a smaller down payment (3.5%) but come with mortgage insurance premiums.

HomeReady First Time Home Program – Starts at just 3% Down!

VA Loans (Department of Veterans Affairs):

VA loans are available to eligible veterans, active-duty service members, and certain surviving spouses. These loans offer 100% financing and generally have competitive interest rates.

USDA Loans (United States Department of Agriculture):

USDA loans are intended for rural and suburban homebuyers with low to moderate incomes. They provide 100% financing and often have lower interest rates.

Jumbo Loans:

Jumbo loans are used for high-value properties that exceed conventional loan limits. They typically require larger down payments and have stricter credit requirements.

Fixed-Rate Mortgages:

Fixed-rate mortgages have a constant interest rate over the loan term, providing predictable monthly payments. Common terms include 30, 20, or 15 years.

Adjustable-Rate Mortgages (ARMs):

ARMs have interest rates that can fluctuate after an initial fixed period. They often start with lower rates but can increase over time based on market conditions.

Interest-Only Loans:

Interest-only loans allow borrowers to pay only the interest for a specified period, typically 5 to 10 years. Afterward, payments increase to cover principal and interest.

Reverse Mortgages:

Reverse mortgages are designed for seniors aged 62 and older. They allow homeowners to convert home equity into cash, with loan repayment deferred until the homeowner sells the home, moves out, or passes away.

Home Equity Lines of Credit (HELOCs):

HELOCs are revolving lines of credit based on home equity. Borrowers can draw funds as needed, and interest rates are variable. Repayment may include a minimum monthly payment or interest-only payments.

Non-Qualified Mortgage (Non-QM) Loans:**

Non-QM loans are for borrowers who don’t meet conventional mortgage standards are self employed or do not have a w2 to possibly tax return to show income. Various types include:

Profit and Loss (P&L) Loans:  Suitable for self-employed individuals who may have fluctuating income. Closest thing to a no doc loan. P&L Home Loans.

Statement Loans: Based on bank statements rather than tax returns, beneficial for those with non-traditional income documentation.

Foreign National Loans: Tailored for non-U.S. citizens or non-permanent residents. Foreign National Loan Info.

Asset Depletion Loan: Uses assets like retirement savings, trust funds, treasuries, etc.,  to qualify you for a loan.

DSCR Loans:

A DSCR loan is typically used when purchasing under an LLC or company and can provide up to 85% LTV. The DSCR loan is based on the assets income and not focused primarily on the borrower. There is no borrower income or employment requirement.


Ocala is a city in central Florida. East of downtown, Fort King National Historic Park was an important Second Seminole War site. The collection at the Appleton Museum of Art includes pre-Columbian artifacts and contemporary art. The waters of Silver Springs State Park are dotted with kayaks and glass-bottom boats. The park is also the gateway to the woods and lakes of the vast Ocala National Forest to the east.

Schools in and around Ocala

Marion County Public Schools
1614 E Fort King St · +1 352-671-7747

Ambleside School of Ocala
507 SE Broadway St · +1 352-694-1635

Hillcrest Public School
3143 SE 17th St · +1 352-671-6800

first time homebuyer ocala
Ocala is a wonderful place to raise a family. Between the cost of living, the warm weather, the proximity to family-friendly activities, and the plethora of activities Marion County has to offer. It’s the perfect family-friendly town, and many families choose to call Ocala home for this reason alone. Not just Ocala, we are serving all of First Time Home Buyer Florida market.

Best mortgage rates ocala florida with the best home loan rates and terms in Ocala.



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