Lennar Bakersfield has exciting news to share! The Department of Housing and Urban Development (HUD) just announced that The Federal Housing Administration (FHA) is reducing the annual premiums new borrowers will pay by half of a percent.
According to HUD, this action is projected to save more than two million FHA homeowners an average of $900 annually and spur 250,000 new homebuyers to purchase their first home over the next three years.
How could this affect you? By taking advantage of the reduced annual mortgage insurance premium (MIP) rate, FHA borrowers can lower their monthly payments and make their dream of homeownership a reality.
“This is your chance to own your own home and start off the year in a brand new home, especially first-time buyers!” said Susan Wilke, VP of Marketing. “And right now, we are offering many beautiful quick move-in homes so you won’t have to wait any longer.”
Lennar is offering a distinctive selection of homes for those who are looking to buy now and benefit from these lower premiums. There are still a great number of homes to choose from with varying locations and price ranges suiting all types of lifestyles. Lennar is committed to building only the finest homes available in the most desirable locations throughout Bakersfield.
For more information or for a complete list of communities in your area, call (559) 994-6567 or visit LENNAR.com.
With hundreds of communities nationwide and homes designed for first-time, move-up and luxury homebuyers, Lennar has grown to become one of the nation’s leading and most respected homebuilders. Lennar has a longstanding history of building homes of enduring quality in only the most well planned and desirable locations throughout the country.
