With the holidays just around the corner, households are considering what their needs are for the upcoming new year. For many, that means becoming first-time homeowners, moving into something bigger, downsizing or simply upgrading to something that better suits their lifestyle. The FHA has officially increased their loan limit for 2023, allowing these dreams to feel closer to reality.
“The FHA’s increase in loan limits comes at a great time when prospective homebuyers are considering what they can afford in the new year,” said Susan Wilke, Vice President of Marketing for Lennar Central Valley. “And with so many incredible options for sale by Lennar throughout the Central Valley, we’re confident that many home shoppers will benefit from this change.”
FHA loan lending limits are designed for eligible borrowers who are unable to make a large down payment. In the Central Valley region, the limit will increase from $420,680 to $472,030 in Fresno, Kings, Madera, Tulare and Kern Counties starting January 1, 2023. With a minimum 3.5 percent down payment, homebuyers can purchase up to $489,150 using the FHA loan.*
Lennar has new home communities for households at any stage in life, including first-time, move-up, empty-nesters and multigenerational. By providing a variety of home sizes and designs at each community – including Lennar’s Next Gen® – The Home Within A Home® suite – everyone can find something that’s appropriate for them with Lennar.
Homebuyers considering purchasing at a Lennar community in the Central Valley region of California can visit the many locations where homes are currently selling. A great place to start is checking out www.lennar.com/centralvalley to see what’s currently available and exploring floorplans that suit your needs, followed by scheduling a self-guided or Lennar-guided tour when you’re ready.
Lennar’s signature Everything’s Included® program means that popular features and upgrades come standard in every Lennar home across the Central Valley. Stainless steel appliances, granite or quartz countertops, designer-selected flooring and upscale cabinetry are just some of the many features residents will enjoy.
Lennar is now selling new homes in communities across Bakersfield, Clovis, Fresno, Hanford and Visalia. Start your search today by visiting www.lennar.com/centralvalley.
About Lennar Corporation
Lennar Corporation, founded in 1954, is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar’s Financial Services segment provides mortgage financing, title and closing services primarily for buyers of Lennar’s homes and, through LMF Commercial, originates mortgage loans secured primarily by commercial real estate properties throughout the United States. Lennar’s Multifamily segment is a nationwide developer of high-quality multifamily rental properties. LENX drives Lennar’s technology, innovation and strategic investments. For more information about Lennar, please visit www.lennar.com.
*This statement is based on currently available information from https://entp.hud.gov/idapp/html/hicostlook.cfm, current market conditions and should never be relied upon. This statement is no guarantee of the present or future market conditions and market values.
Real estate agents/brokers representing the buyer, if any, must accompany a prospective buyer during the buyer’s initial self-guided tour in order to be eligible for any offered commission from Lennar. Please see your New Home Consultant and/or home purchase agreement for actual features designated as an Everything’s Included feature. This is not an offer in states where prior registration is required. Void where prohibited by law. Copyright © 2022 Lennar Corporation. Lennar, the Lennar logo, Everything’s Included and Next Gen are U.S. registered service marks or service marks of Lennar Corporation and/or its subsidiaries. Lennar Sales Corp., CA DRE Broker #01252753 (Responsible Broker: Joanna Duke). BMR Construction, Inc., CA CSLB #830955. CalAtlantic Group, Inc., CA CSLB #1037780. Lennar Homes of California, Inc., CA CSLB #728102. 12/22
