Lennar Communities

Model at Fiesta Park in Las Vegas, Nevada

Homebuyers have until the end of July to take advantage of special interest rates being offered on brand new Lennar homes in the Las Vegas area.  During Lennar’s “Measure Up” sales event this weekend, Universal American Mortgage Company, Lennar’s preferred lender, will offer all qualified homebuyers seller paid closing costs† and low interest rates (2.75% in year one, 3.75% in year two and 4.75% [4.75% APR] fixed for life*) on homes contracted before July 31, 2009. With highly-attainable pricing and all upgraded amenities included as standard, Lennar’s special summer of savings provides the opportunity homebuyers have been waiting for.

“These interest rates won’t last,” said Lennar Las Vegas Division President Jeremy Parness. “When combined with special low prices on homes that may close fast, low interest rates equal low payments and unprecedented home ownership affordability.”

Lennar and Universal American Mortgage Company (UAMC) have built a reputation in Las Vegas for offering below-market interest rates that many new homebuilders and their lending partners can’t match.

“The interest rates that we offer through UAMC are darn-near unbeatable,” said Parness. “We have always taken pride in UAMC’s ability to make high quality, new home ownership attainable and affordable through lower interest rates.”

Lennar’s special limited-time offers can be combined with a federal tax credit** for all homebuyers who haven’t owned a home in the past three years, for up to an additional $8,000 in savings.  However, homebuyers must act quickly as the federal tax credit has only been approved until Nov. 30, 2009.

Sales on brand new Lennar homes have increased substantially in the past few months—an indication that Las Vegas homebuyers recognize the unparalleled value of a Lennar home. Unlike other previously-owned properties, Lennar homebuyers are the first residents to move into their brand new home. Lennar homes are not plagued by any of the customary issues associated with bank-owned or resale properties, and all Lennar homes come equipped with brand new flooring, new appliances, and new cabinets.

This wonderful combination of offers enables homebuyers to step into the housing market and see why more than 700,000 families have considered Lennar homes the measure of excellence.

“For a little bit more than the cost of a pre-owned home, homebuyers can have a brand new, upscale home in a highly-respectable community,” said Roger Seaholm, Director of Sales for Lennar Las Vegas. “Lennar saves homebuyers time, money and headaches by eliminating the need for upgrades and remodeling because we already include everything they need as standard. That’s the Logic of Lennar®.”

Lennar offers homes starting in the high $100,000’s across 15 distinctive communities throughout the greater Las Vegas area. Many of Lennar’s homes are set within highly-desirable communities and feature the most up-to-date and modern amenities, including stainless steel appliances, granite slab countertops, walk-in closets, his and hers vanities and Roman-style spa tubs.

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 Lennar®.”

Welcome Home Centers are open daily from 10 a.m. to 6 p.m. For a complete list of communities in your area, call (877) 204-4411 or visit http://www.lennar.com/.

*Offer available on select homes as determined by Lennar, for purchase agreements written by 07/27/09 and closing must occur no later than 07/31/09. Limited funds are available; 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 and buyer is subject to qualification that includes, but not limited to, a minimum of 20% down, 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 pay closing costs as defined on your Good Faith Estimate, excluding prepaids, subject to seller contribution limits. Offer available only to qualified buyers financing through Universal American Mortgage Company and closing at designated closing agent. NV: Mortgage Banker License #1310 and Mortgage Broker License #1055, 6750 Via Austi Parkway, Suite 130, Las Vegas, NV 89119 (702) 739-7933; 10354 Professional Circle, Suite 120, Reno, NV (775) 852-9980. **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. Copyright © 2009 Lennar Corporation and Universal American Mortgage Company, LLC. All rights reserved. Lennar, the Lennar logo, Universal American Mortgage Company and the UAMC logo are registered service marks of Lennar Corporation and/or its subsidiaries. NV Contractors License No.0048844 and U.S. Home dba Lennar, NV Contractors License No.0050808. 7/09