Lennar offers 90 move-in homes available before tax credit deadline

According to Jeremy Parness, Lennar Las Vegas Division president, buying a new home is now a little easier, thanks to the federal tax credit and low interest rates being offered for a limited time. Lennar has 90 move-in ready homes available that will meet the tax credit deadline at several of its new-home communities in the Las Vegas area.

Homes must be purchased by April 30 and closed on June 30 in order to take advantage of the tax credit extension.

"We have just 90 homes remaining that may close in time to take advantage of the federal housing tax credit," Parness said.

"We strongly encourage buyers to act fast or risk missing the low interest rates, historically low prices and the final days of the federal tax credit," he said.

"With this incredible federal tax credit, buying a new Lennar home can now be a reality for many homebuyers," said Nick Parks, director of marketing at Lennar Las Vegas.

"Lennar has planned ahead by starting over 100 homes in anticipation of the tax credit deadline. We have homes available in Henderson, North Las Vegas and in the Providence master plan.

"Lennar is currently offering special low interest rates, exceptional included features in the homes, and reduced prices on completed homes that are now available for April sale," he said.

"For a homebuyer who has been sitting on the fence trying to gauge the right time to buy, the federal housing tax credit should provide a compelling reason to buy now," said Roger Seaholm, director of sales for Lennar Las Vegas.

The homebuyer federal tax credit is up to $8,000 for first-time homebuyers and up to $6,500 for existing homeowners. Buyers can get the tax credit if they have not owned a home in the past three years or have owned and lived in their current home for five consecutive years. Homebuyers should also know that tax credits are subject to eligibility requirements; therefore they should consult with their tax advisor as tax laws are subject to change.

Additionally, homebuyers may be able to benefit from the below market rate financing available through Universal American Mortgage Co., Lennar's preferred lender.

"We have also lowered prices on all inventory homes and across all communities in time for customers to take advantage of the federal tax credit," Seaholm said.

"We have solid inventory throughout the valley but some communities like Canyon Springs we have especially aggressive pricing and availability."

Lennar offers 17 neighborhoods including in Mountain's Edge, Providence, North Las Vegas and Henderson.

Community hours this weekend are Saturday and Sunday from 10 a.m. to 5 p.m. For a complete list of communities in Las Vegas, call 877-204-4411 or visit Lennar.com.

For information about the Federal tax credit, visit FederalHousingTaxCredit.com.

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