MIAMI, Fla. (July 27, 2009) – Tired of making rent payments that are just helping to pay off someone else’s mortgage? Tired of unresponsive landlords? Why throw your hard earned money away by renting when now you can afford to own a brand new home? These are the questions Lennar, one of the strongest names in the homebuilding industry, is asking all Southeast Florida prospective first-time homebuyers to consider. This weekend, visit one of its 17 area communities and learn how easy it is to buy your new home.

Any prospective first-time homebuyer that is nervous about buying a new home and unsure of where to begin should visit a Southeast Florida Lennar community and speak with a New Home Consultant. Lennar’s New Home Consultants can help set prospective homebuyers minds at ease by guiding them through every step of the purchasing process. Lennar and its sister companies Universal American Mortgage Company (UAMC) and North American Title (NAT) offer homebuyers personal assistance with the home selection, financing options available, and closing of their new home.

“Our Company firmly believes everyone should experience the feeling of coming home to a place they can call their very own,” said Frank Fernandez, Director of Sales and Marketing for Lennar’s Southeast Florida division. “What prospective first-time homebuyers need now is a sense of security in making major purchase decisions and with Lennar’s solid reputation they can move more confidently in the direction of owning a brand new home.”

The homebuilder currently has homes ready for immediate move-in from the Treasure Coast down to the Miami-Dade area. Monthly payments start as low as $1,337 ** (P.I.T.I.) for a brand new townhome.

“At today’s low interest rates, monthly payments are more affordable than ever and it is crucial that first time buyers realize that they need to seize the opportunity before it’s gone,” said Fernandez.

Plus, Lennar is offering $0 closing costs† on select residences in Southeast Florida. Additionally, Lennar’s preferred lender, Universal American Mortgage Company (UAMC), is providing interest rates starting as low as 4.75% (5.28% APR) ** fixed for life.

These opportunities are on top of the government’s first-time homebuyer tax credit of up to $8,000*. It’s not a loan, there is no-repayment, but prospective buyers should act now because this opportunity ends in November.

“Lennar is committed to helping customers move forward with their dream of achieving homeownership,” said Fernandez. “With the combination of incentives, government tax credit and low financing, there is no reason not to purchase a brand new home.”

Don’t be a helpless renter any longer. Stop paying rent and start building a nest egg for the future. Welcome Home Centers and decorated models are open daily 10 a.m. to 6 p.m. For more information on Southeast Florida Lennar communities call 866-201-5543. Or visit http://www.Lennar.com. Realtor Participation Welcome.

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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. †**Offers are available on select homes, within select communities as determined by Lennar, for purchase agreements written by 8/31/09 and applicants must reserve loan funds and closing must occur no later than 9/15/09. **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. Payment shown is based on a FHA 30 years financing at a rate of 4.75% (5.28% APR) with 3.5% down payment and sales price of $180,000. Monthly payment shown does not include Community Dev District Fee and HOA fees. Monthly payment includes principal & interest, mortgage insurance, hazard insurance, flood insurance and property taxes. FHA jumbo loans not permitted. 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. FL Mortgage Lender License #ML 0700915. Contact a UAMC Home Loan Advisor or a New Home Consultant at Lennar for details. Lennar Homes, LLC –QB 3682. Copyright © 2009 Lennar Corporation and Universal American Mortgage Company, LLC. Lennar, Lennar logo, Universal American Mortgage Company and UAMC logo are registered service marks or service marks of Lennar Corporation and/ or its subsidiaries. 8/09

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