Central Valley, Calif. – April 2018 – Many first-time homebuyers will enter the real estate market this year, along with families who will move-up into a new home. Loan limit lending increases for 2018 has allowed many homeshoppers to finally enter into the market. Loan lending limit increases have created a real opportunity for many buyers, and Lennar’s simplification of the new homebuying process makes a new Lennar home an ideal choice.
“The Federal Housing Authority (FHA) increased loan limits all over at the start of the year, including in Kern, Fresno and all the counties where we have new home communities,” said Susan Wilke, Vice President of Sales and Marketing for Lennar Central Valley. “It’s a great for prospective buyers, because it expands their purchasing power and allows some buyers to finally enter into the market.”
In Fresno, Kern, Merced, Kings, Tulare and Madera counties, FHA loan lending limits increased to $294,515 for single units. FHA loans are designed for borrowers unable to make a large down payment. The increase in lending limits will give many prospective homebuyers the purchasing power needed to enter the market in 2018.
Lennar has new home communities for all types of households, including first-time, move-up, empty-nesters and multigenerational families. By providing a variety of home sizes and designs at each community, families can find the home and layout that’s perfect for them.
Often, that journey starts with the help of our New Home Consultants(NHC), who are licensed real estate agents with expertise in the new home industry. Prospective homebuyers are encouraged to come in and speak with a NHC at the start of their new home search, even if they are not already or don’t plan on working with a broker. NHC’s know which communities offer the type of homes the shopper is looking for, can inform you on what’s available and help assist you in your new home journey along every step of the way.
Lennar’s signature Everything’s Included® program has revolutionized the new home buying experience by including a high level of standard items with incredible value at no additional cost. Items that most builders typically charge extra for, such as stainless steel kitchen appliances, granite or quartz countertops, designer-selected flooring, upscale cabinetry and the new home automation package.
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.