Meritage Homes offers extra savings

Home buyers are offered extra savings on the purchase of a new home at Meritage Homes' 14 valleywide neighborhoods due to the builder's limited-time 2-1 Buydown Program.

According to Barry Grant, president of the builder's Las Vegas Division, this new program enables qualified buyers of select homes ready for move-in to obtain a significantly reduced interest rate on a 30-year mortgage.

"This is a very straightforward program. Meritage Homes is offering low fixed-rate financing, none of the confusing or exotic financing that has really caused problems in the industry and our financial market," Grant said.

Provided by Meritage's preferred lender, the owner-occupied financing is available on at least one home in every Meritage neighborhood located within the Las Vegas Valley. The home must close by Nov. 30.

The financing includes a low percentage rate the first year, a slightly higher interest rate the second year, and a 30-year fixed rate the third year.

Meritage offers 14 neighborhoods located throughout the Las Vegas Valley.

In the northwestern valley, the builder has four neighborhoods at Northern Terrace, where single- and two-story residences range from 1,320 to 3,028 square feet and are priced from the upper $100,000s. To visit, take the northern Interstate 215, the Las Vegas Beltway , to Hualapai Way, head north to Farm Road, and turn left, following the signs.

Located within the Mountain's Edge master-planned community in the southwestern valley are four single-family neighborhoods plus one condominium neighborhood with homes measuring from 1,085 to more than 3,000 square feet priced from the mid-$100,000s. To visit Meritage's neighborhoods in Mountain's Edge, take Interstate 15 to Blue Diamond Road, travel west on Blue Diamond to either Buffalo or Durango Drive, go south, and follow the signs.

In Henderson, the builder is offering four neighborhoods within the Inspirada master-planned community. Three feature single-family homes ranging from 1,637 to more than 3,400 square feet and priced from the low $200,000s, and the fourth is City Homes, where townhomes measure from 1,100 to 1,550 square feet and are priced from the mid-$100,000s. To visit Meritage's Inspirada neighborhoods, take Interstate 15 to St. Rose Parkway, travel east and then turn south on Executive Airport Road, following the signs.

Additionally, Meritage is offering the Geyser Peak neighborhood in North Las Vegas, where homes range from 2,030 to 2,929 square feet and are priced from the mid-$200,000s. To visit Geyser Peak, take Craig Road to North Fifth Street, head north to Hammer Lane and turn left into the community.

"This is a great opportunity for buyers to purchase a home with the great quality that Meritage Homes is known for," Grant said. "We ranked second out of all of the builders in the Las Vegas Valley in J.D. Powers and Associates in its 2008 New-Home Builder Customer Satisfaction Study. We take pride in that recognition because it is based on our homeowners' opinions and how they enjoy their new Meritage home."

Sales offices and model homes are open from 10 a.m. to 6 p.m. daily except Monday, when they open at 11 a.m.

For more information, call 877-896-9155 or visit meritagehomes.com.