Lennar’s Coastal Carolina Division Announces the Lowest Mortgage Rates in Decades

The Coastal Carolina Division of Lennar in partnership with Universal American Mortgage Company is Offering the Lowest Mortgage Rates in Decades.

Summerville, SC, May 13, 2009 --(PR.com)-- The Coastal Carolina Division of Lennar in partnership with Universal American Mortgage Company (UAMC), is offering an unprecedented 3.88 percent (4.26 percent APR) mortgage rate that is fixed for life or up to $50,000 off the price of a new home.

“This promotion offers an incredible opportunity for prospective homebuyers,” said Ann Ivey, Director of Sales for Lennar’s Coastal Carolina Division. “Buyers can choose if they want a lower home price or a lower interest rate. Both options represent significant savings that are virtually unheard of. There has never been a better time to buy a new home then now,” Ivey said.

According to Ivey, this opportunity is for a limited time and only available on select homes at participating Lennar communities.

Communities participating in the promotion include Tranquil Hill and Wentworth Hall in Summerville and Hunt Club in West Ashley.

Tranquil Hill in Summerville showcases homes that range in size from 2,466 to 2,617 square feet and priced from the mid $100s. The community is located near major transportation thoroughfares and the Charleston Air force Base.

Also in Summerville is Wentworth Hall, a new community off Orangeburg Road and convenient to shopping, dining and restaurants. It is located just minutes from Historic Downtown Summerville. Homes featured in the community offer 2,450 to 3,600 square feet and are priced from the low $200s.

Located in West Ashley is the community, Hunt Club. Hunt Club offers its residents a junior Olympic sized pool, ponds, green space and a desirable location near Limehouse Boat Landing, shopping, schools and the airport. Homes range from 2,500 to 4,100 square feet and are priced from the low $300s.

To learn more, prospective homebuyers are invited to visit Lennar’s participating Welcome Home Centers or log on to Lennar.com/Charleston.

Lennar Corporation, founded in 1954, is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable first time, move-up and retirement homes in communities that cater to virtually any lifestyle including urban, golf course, active adult or suburban communities. Lennar is committed to Quality, Value and Integrity.

*Universal American Mortgage Company is an equal housing lender.

For more information visit Lennar.com/Charleston or contact:

Meg Hopkins, Lennar, Internet New Home Consultant-Coastal Carolina, 843-814-5137; meg.hopkins@lennar.com

Allison Rosoff, Cohen and Company Creative, 954-290-2026; allison@cohenadv.com

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Allison Rosoff
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