Lennar’s Central Florida Division is First in U.S. to Offer One-Year Price Lock, One-Year Interest Rate Cap during Weekend of Sept. 8-9

ORLANDO / TAMPA, Fla. --- Lennar Homes has a once-in-a-lifetime offer for potential new home buyers in the Central Florida region: lock in today’s price on a new home for one full year with a one-year mortgage interest rate cap for good measure.

Lennar’s “Lock It or Lose It” offer is good only Saturday and Sunday, Sept. 8 and 9, at Lennar’s communities in both the Tampa Bay region – including Hillsborough, Pasco Counties and Lakeland – as well as the Orlando region, including Clermont and the Space Coast areas.

Mark Metheny, president of Lennar’s Central Florida Division, said the offer is designed to help new home buyers who are saving up to buy a new home.

“For a family who is close and plans to buy a new home over the next 12 months, we can lock in today’s price for one year and offer them a one-year cap on their mortgage interest rate,” Metheny said.

“When they are ready to buy they get today’s price and they get an interest rate they can afford,” he said.

Metheny said Lennar’s price lock offer will help other buyers who are concerned with impending foreclosure, bankruptcy, or rental lease contracts.

And the offer couldn’t come at a better time, Metheny said.

“The housing market is improving and housing prices and interest rates are bound to rise,” Metheny said. “Last month applications for new building permits nationwide reached the highest level since August 2008,” he said.

Lennar’s one-year price lock applies to select new single-family homes, villa and town homes currently priced from the $70s to the $300s in the Tampa and Orlando regions. See LennarTampa.com and LennarOrlando.com.

The offer applies to Lennar’s “Everything’s Included” homes, which offer a wide range of appliances, special features and add-ons at one “Everything’s Included” price.

For more details, call 888-317-7489 in the Tampa area, and for the Orlando, Clermont and Space Coast areas call 800-430-2193.

Plan to visit one of Lennar’s Welcome Home Centers throughout Central Florida open 10 a.m. to 6 p.m. Monday–Saturday and Sundays 11 a.m. to 6 p.m.