PHOENIX, AZ —May 2009 — Incentives have never been better, tax credits have never been bigger, interest rates have never been lower. Lennar is urging homebuyers not to snooze on these incredible offers or they may just lose the opportunity to take advantage of this tremendous buyer’s market, which won’t last. This weekend, May 2nd and 3rd, Lennar is offering prime financing and incentives to solidify a homebuyer’s decision to buy now.

“There is no guarantee that all of these incentives, such as financing, tax credits and low pricing, will last,” said Alan Jones, Division President for Lennar Arizona. “More and more people are realizing how great these offers are and are taking full advantage. They realize it’s a ‘now or never’ type of situation—snooze, and you may just lose.”

The federal tax credit worth up to $8,000** for first-time homebuyers has only been approved until the end of the year and since the announcement of this substantial government tax credit, sales on new homes have spiked. Real estate experts report a year over year and month over month increase in sales, indicating a possible leveling off on home prices.

In addition, Universal American Mortgage Company, Lennar’s preferred lender, introduced in April some of the company’s lowest interest rates in history, offering homebuyers the most savings possible. This weekend, buyers can take advantage of this continued incredible financing with 1.99% fixed for year 1, 2.99% fixed for year 2, and 3.99% (4.39% APR) fixed for life, plus paid closing costs.† Purchasing a home at such a reduced interest rate allows homebuyers to finance a brand new home at the same competitive rate as other homes currently on the market while offering homebuyers, move-in ready brand new homes with some of the most desired upgrades included as standard.

“Sales are on the rise as home shoppers realize this is a wonderful buyer’s market that won’t be here forever,” said Jones. “As one of the country’s top homebuilders, we’re doing everything we can to help buyers take advantage of these offers and feel secure in their purchase.”

Lennar is also continuing its “Peace of Mind” Mortgage Payment Protection ProgramSM‡ at select new home communities nationwide. Designed to offer homebuyers extra comfort when purchasing their home, Lennar’s program provides assistance to those who experience financial difficulty due to unforeseen job loss. Qualified homeowners that are enrolled in the Peace of Mind program benefit from up to $1,800 per month for up to six months of the homeowner’s mortgage payments.

From luxury home designs to more traditional single single-level and two-story estate homes with prices from the $80,000s to $400,000s, Lennar has a price and a plan for most every type of buyer. With eight Communities across the Valley, Lennar builds in some of the most prime master plans including Asante, Layton Lakes, Stetson Valley, and coming soon Lone Mountain.

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.”

Welcome Home Centers are open Monday through Sunday, 10 a.m. to 5 p.m., except Wednesdays 12 pm. To 5 p.m. For a complete list of Communities in your area, call (800) 864-1058.

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

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†Offer available on select homes as determined by Lennar, for purchase agreements written by May 15, 2009 and closing no later than May 29, 2009. Limited funds are available; this offer may change upon exhaustion of funds. 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. †Specific terms apply for this conventional loan and buyer is subject to qualification that includes, but not limited to, minimum of 10% down payment, a minimum credit score of 700, owner occupancy requirements and/or any changes in investor guidelines or programs. Loan Amount cannot exceed $417,000. Seller will assist in closing costs as defined on your Good Faith Estimate, excluding prepaids, subject to seller contribution limits. ‡The involuntary unemployment insurance included in the Rainy Day HELP Program is provided and underwritten by Virginia Surety Company, Inc. under group insurance policy IUI-POL (11-05). Exclusions and limitations apply. See the Certificate of Insurance and Schedule of Coverage for complete details. Program offered for FHA and VA loans only. Contact a Home Loan Advisor at UAMC for complete details. **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. Universal American Mortgage Company, LLC. Mortgage Bankers License #BK-0904844. © 2009 Lennar Corporation and Universal American Mortgage Company, LLC. Lennar, the Lennar logo, Universal American Mortgage Company and the UAMC logo are registered service marks or service marks of Lennar Corporation and/or its subsidiaries. Sales by Lennar Sales Corp. US Home of Arizona Construction Company ROC # 65983, Greystone Homes, Inc. ROC #110607, Greystone Construction, Inc. ROC # 123081, Lennar Arizona Construction, Inc. ROC # 228129, Lennar Arizona Inc. dba Lennar Homes ROC # 232731. 4/09

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