Lennar Mortgage Program

This job protection program being offered by Lennar is very scary and demonstrates the sketchy incentive programs homebuilders are using to continue perpetuating the housing bubble. Apparently, the company is offering up to 6 months of mortgage payments (max of $2,500) to homebuyers that lose their job.

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Lennar offers peace of mind with payment protection plan
Saturday, January 31, 2009

With the goal of providing its new home buyers continued confidence in their purchase decision, Lennar has introduced its "Peace of Mind" Mortgage Payment Protection Program at selected new home communities nationwide.

Lennar continues to be a leading innovator within the home-building industry by being one of the first home builders to offer a program of this magnitude that provides buyers the assurance they need to buy the home of their dreams today.

"With an unpredictable job market and economy, buying a new home can seem like an overwhelming decision," said Sean Chandler, division president. "But now home buyers can rest assured because Lennar and UAMC now have a program to help ensure that your mortgage payments will be made, even if you lose your income."

Designed to offer some security and comfort in the event of a job loss, Lennar's program provides assistance to those who experience financial difficulty because of job loss.

Qualified homeowners enrolled in the Peace of Mind Mortgage Protection Program can have their mortgage payments of up to $2,500 per month paid for up to six months.

"We pride ourselves in being responsive to our home buyers' needs," said Sean Chandler, division president. "And what people need now is a sense of security in moving forward with their lives and making major purchase decisions — that is why we are offering this brand new program."

Sales representatives at each participating new home community can provide complete details regarding the Peace of Mind Mortgage Payment Protection Program, which is available for a limited time.

Since being founded 55 years ago, Lennar has grown to become one of the nation's leading home builders. With hundreds of communities nationwide, their product offering is extremely varied, with homes catering to first-time, move-up and luxury home buyers alike.

Lennar has long distinguished itself by simply including the most desired features and upgrades as standard at no additional charge.

The builder's motto is, "Everything You Want, Everything You Need, That's the Logic of Lennar."

For more information about the Peace of Mind Mortgage Payment Protection Program or a complete list of communities in your area, call (877) 205-8460 toll free or visit lennar.com.

UAMC is an equal housing lender.