Homebuilder Invites All Prospective Homebuyers To Come Find Out Why Now Is The Time To Purchase A Brand New Home

MIAMI, Fla. (May 27, 2009) – Anyone considering the purchase of a brand new home should come to Lennar’s New Home Fair happening this Saturday, May 30 from noon to 3 p.m. at two of the homebuilder’s South Florida Coconut Creek Communities, Grand Cypress and Paloma Lakes.

Lennar’s New Home Consultants will be available at both Communities to answer any questions prospective homebuyers might have about purchasing a home in today’s current real estate market. Lennar offers homebuyers assistance with every step of the purchasing process including home selection, financing and the closing of their new home.

“With so many offers and incentives available in the real estate market today, it can get confusing and can lead to many questions for prospective homebuyers,” said Frank Fernandez, Director of Sales & Marketing for Lennar’s Southeast Florida Division. “Our Company has always been invested in educating homebuyers, so we designed this New Home Fair to be a forum for any potential buyer to come and learn more about the incredible prices and financing available, so they can be better informed on why now really is a perfect opportunity to purchase a brand new home.”

While at the New Home Fair, prospective homebuyers can find out more about Lennar’s current pricing and financing options available such as $0 closing costs† on select residences from Miami-Dade through the Treasure Coast. Additionally, Lennar’s preferred lender, Universal American Mortgage Company (UAMC), is offering lower than market interest rates starting as low as 4.25% (4.66% APR) fixed for life! **

These incentives are on top of Lennar’s already low home prices and are in addition to the government’s “new and improved” first-time homebuyer tax credit of up to $8,000.* If you haven’t owned a home in the last 3 years you may qualify to receive this government tax credit. This is an excellent incentive that is not a loan, and there is no re-payment.

Both Grand Cypress and Paloma Lakes are located in Coconut Creek, one of the most highly desired addresses in South Florida. The Grand Cypress Community located just off Lyons Road & Sawgrass Blvd. offers 3-bedroom, 2.5 bath, 2-car garage townhomes with the most desired luxury features already included at no extra cost. Buyers can choose from two different floor plan models with up to 1,732 square feet of air-conditioned space, with prices from the $200s. Grand Cypress offers residents a range of amenities including a cabana, swimming pool with sundeck areas and a proposed children’s playground. Grand Cypress is located near excellent Broward County Schools and offers easy access to both the Sawgrass Expressway and the Florida Turnpike.

Paloma Lakes, located just off Lyons Road & Wiles Road, features 1 and 2-story, 2 and 3-bedroom condominium townhomes with 1 and 2-car garages that are priced from the $200s. Buyers can choose from eight different floor plan models with up to 2,663 square feet of air-conditioned space. The Community incorporates lush landscaping, and is minutes from the new Coconut Creek Town Center, the Sawgrass Expressway and the Florida Turnpike.

Lennar is a homebuilder currently celebrating its 55-year anniversary with homes in various markets across the country. Homebuyers can feel confident that with this longevity of solid business practices and financial stability they are buying from a homebuilder who will be here tomorrow.

For more information on Lennar’s Coconut Creek New Home Fair at Grand Cypress and Paloma Lakes call 888.208.7454.

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Disclaimers If Needed By Publication:
*First-time homebuyer is 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. Tax Credit is subject to eligibility requirements. Lennar cannot provide guarantees of actual savings and does not guarantee the homebuyers’ qualification for the federal tax credit. Credit is subject to 3-year ownership requirement. Not tax advice; homebuyers should consult with their tax advisor. Tax laws are subject to change. **†Offer is available on select homes, within select communities as determined by Lennar, for purchase agreements written on 5/30/09 and applicants must reserve loan funds and closing must occur no later than 6/15/09. **Limited funds are available; offer may change upon exhaustion of funds. Specific FHA loan 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. Rates may change or not be available at the time of loan commitment, lock-in or closing if funds are exhausted. Not an offer to enter into an interest rate or discount point agreement and any such agreement may only be made in writing signed by both the borrower and the lender. †Seller will pay closing costs as defined on your Good Faith Estimate, excluding prepaid, subject to seller contribution limits. Contact a UAMC Home Loan Advisor or a New Home Consultant at Lennar for details. Prices subject to change without notice Lennar Homes, LLC -QB 3682.

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