Lennar Advises Homebuyers Not To Snooze And Lose On Money Saving Offers In Bakersfield

June 3, 2009 - PRLog -- BAKERSFIELD, CA—Due to the tremendous response in May, Lennar is continuing to offer their exceptional bundle of money-saving offers throughout June. With below-market interest rates, huge tax credits, and some of the lowest pricing in over a decade, Lennar is presenting homebuyers with the most savings possible so they won’t snooze and lose out on these incredible offers.

“Owning a home has often been referred to as part of the ‘American dream,’ but with these extraordinary offers and savings, Lennar is making it a dream come true,” said Gary Grumbles, Lennar Bakersfield Division President. “The deadlines for tax credits are looming and the historically-low interest rates won’t be around forever; homebuyers should snatch up these offers before they disappear.”

More than $72 million of the $100 million allocated in March for new home tax credits**‡ in California has been claimed and the federal tax credit††‡ worth up to $8,000 for first-time homebuyers has only been approved until the end of November. Combined, the two tax credits can save homebuyers up to $18,000—but time and money are running out. If homebuyers snooze too long, they may just lose these offers.  

In addition, Universal American Mortgage Company of California, Lennar’s preferred lender, is offering for only a limited time some of the company’s lowest interest rates. Purchasing a home at a reduced interest rate provides homebuyers with long-term savings by helping to lower the total amount due in interest and reducing the monthly payment.

“While others keep waiting to purchase a home, you could be living in the home of your dreams today,” said Grumbles. “We invite all homebuyers to stop by the ‘Lennar Home Showplace’ and see why more than 700,000 families across the country have trusted Lennar to build their home.”

Lennar offers six different communities in the Bakersfield area, starting in the mid $100,000s. Homes range from 1,269 to 2,689 square feet with three to five bedrooms.
But rather than driving all over town, homebuyers are able to view all six Lennar Bakersfield communities at the Lennar Home Showplace at 8700 Stockdale Hwy. The first home preview center of its kind, the Showplace allows homebuyers to review 35 different floor plans and exclusive resident-only recreational amenities in one visit.

Celebrating its 55th anniversary, Lennar has grown to become one of the nation’s leading homebuilders.  With hundreds of Communities nationwide and homes designed for first-time, move-up and luxury homebuyers, Lennar has long distinguished itself by simply including everything as standard under its motto, “Everything You Want, Everything You Need, That’s the Logic of LennarSM.”
   
The Lennar Show Homeplace is open Monday through Thursday 10 a.m. to 6 p.m. and Friday thru Sunday 10 a.m. to 5 p.m. For a complete list of Communities in your area, call (661) 836-8601.

For further information about the Federal tax credit visit FederalHousingTaxCredit.com and for information about the State of California tax credit visit, ftb.ca.gov/individuals/new_home_credit.shtml.

Buyers are encouraged to speak with their tax advisor and check out helpful links and resources on www.LENNAR.com.

**‡ Lennar cannot provide guarantees of actual savings and does not guarantee the homebuyers' qualification for the California tax credit or that funds will be available at close of escrow.  Credit is subject to 2-year ownership and other requirements.   ††‡ Federal tax credit is for any individual (excluding a non-resident alien) who has not owned a principal residence during the past three years and is purchasing the new home as their primary residence. Lennar cannot provide guarantees of actual savings and does not guarantee the homebuyers’ qualification for the federal tax credit. Tax Credit is subject to 3-year ownership requirement. Offer good for a limited time only. Lennar reserves the right to change or withdraw any offer at any time. Offers, incentives and seller contributions are subject to certain terms, conditions and restrictions, which may include use of designated lenders and closing agents.  Prices are subject to change without notice. FHA jumbo loans not permitted. Monthly payment shown include monthly mortgage insurance, based on FHA 30-year with a buydown 3.5% down payment and sales price $150,000 with 1st year payment at 2.50%. 2nd year 3.5% and 4.50% (4.94% APR) 3-30 years and payment shown do not include property taxes, homeowner insurances and/or HOA fees. †Specific terms apply and buyer is subject to qualification that includes, but not limited to, a minimum of 3.5% down, a minimum credit score of 620, owner occupancy requirements and/or any changes in investor guidelines or programs. Stated dimensions and square footage are approximate and should not be used as representation of the home's precise or actual size.   Lennar Homes of California, Inc. - License No. 728102. Lennar Sales Corp. - Broker. UAMC of CA, an equal housing lender is licensed by the Department of Corporations under the California Residential Mortgage Lending Act; Copyright © 2009 Lennar Corporation and Universal American Mortgage Company, LLC. All rights reserved. 6/09