Magnolia Homes FAQ

Our homes are built with expansive selection options available, and structural options are available within guided limitations.

We are currently building in six communities! Five located in Collierville, TN and one located in Rossville, TN.

For most of our communities, our average build time is between 8 and 10 months. For our Shepherd’s Creek community, the build time is 12 months on average.

Jake Scott – Eagle Bank Mortgage | 901-494-4662

Jennifer Michalski – Regions Mortgage | 662-316-1217

Jeremy Holliday – Community Bank | 662-871-0384

Maribeth LaBarreare – Pinnacle Financial Partners | 901-261-5308

Dave McDowell / Todd Brown – Mortgage Investors Group | 901-761-6910

Charlie Land – Pinnacle Financial Partners | 901-590-6966

Find More information here:

https://www.yourmagnoliahome.com/contact/financing/

Absolutely! Oak Grove Realty would be happy to help you in this process. Call 901-309-0710!

We do! Usually after a phase in a community has been completely sold or nearly sold, we will then sell our model home! Feel free to inquire about a specific model home by calling 901-309-0710!

You can do so by calling Kelsey Alcala, our Online Sales Counselor, at 901-309-0710 or emailing her at Kelsey@magnoliahomesinc.com!

We do not.

Each of our homes come with a dishwasher, cooktop, oven, microwave, sink with disposal, primary tub, and vent hood. Refrigerators are not included, except for some cases in our Shepherd’s Creek Community.

A pre-sale is when you choose an available home site, floor plan, and selections. Whereas, an inventory home, is one that we have chosen the home site, floor plan, and selections. This home is available for sale at any point during the construction process. If a contract is written early enough in the construction process, there is an opportunity to select finishes only if they have not been chosen or ordered yet.

• For a New Build in our Cypress Grove, Cove, Oak Hill, Magnolia Preserve, and Villages of Saunders Creek Communities – 10%
• Inventory Home Following Roofing Completion but Prior to Interior Paint Complete – 5% Plus Any Additional Luxury Options Added
• Inventory Home Following Interior Paint Complete OR Completed Inventory Home – $6,500 x # of Months Until Closing Plus Any Additional Luxury Options Added
• Preferred Lender Option – If preferred lender is used, there will be an option on a New Build to pay 5% of deposit at time of contract and then remaining 5% within 45 days

• For a New Build in our Shepherd’s Creek Community – 10% Minimum
• Inventory Home Following Roofing Completion but Prior to Interior Paint Complete – 5% Plus Any Additional Luxury Options Added
• Inventory Home Following Interior Paint Complete/Completed Inventory Home – $6,500 x # of months until closing plus any additional luxury options added
• Preferred Lender Option – If preferred lender is used, there will be an option on a New Build to pay 5% of deposit at time of contract and then remaining 5% within 45 days of ratified contract date.

Depending on the community, we offer a 7 to 14 day home site reservation for a non-refundable amount of $1,000 or $5,000. For Design Agreements, we have a non-refundable $5,000 and is the opportunity to have a specific plan customized over a 30-day period

No, we do not intentionally delay build times. Building will begin as quickly as possible following finalized agreement, permitting, pre-construction meeting, and so forth.

It is very similar, except the closing process for a new home is a bit longer than with an existing home! There is no need to pull out a construction loan, as this will be handled by Magnolia Homes.

We currently only build inside of our six communities!

You will do so at our Design Center where our dedicated Design Specialist will assist you along the way! She will help guide you in bringing your dream home to life! Our Design Center showcases different tile options, cabinet styles and colors, paint choices, hardwood samples, bricks, and more. In addition, you will also be sent our Exterior Selections Worksheet, Design Guide + Included Features/Luxury Option Guide for preparation prior to your appointment.

If not included in your contract, you will pay for upgrades in full through BuilderTrend.

Following signing of contract, you will receive a Welcome E-Mail providing details on your building process, selection meeting dates if needed, points-of-contact moving forward, etc.

You can also find out more information about our building process here: Building Process Details or here: Building Process Infographic