How to buy when you don’t have the down payment

Lennar Miami

Buying a home is a cherished American dream, but one of its biggest obstacles is being able to cover the down payment. Luckily, Lennar, through Eagle Home Mortgage LLC, has the perfect solution for many aspiring homeowners: a down payment assistance grant, which is not a loan and does not have to be repaid! Imagine at last being able to buy your very own place, a lovely, brand new home where your family can grow and thrive—your personal piece of Broward paradise…

But before we go too far imagining your wonderful nirvana, let’s first get details of the program, the most important being that it ends on July 18, 2019! So, time really is of the essence if don’t want to miss out! Other good-to-know requirements and conditions:

  • Only applies to Lennar homes with a sale price of $369,400 or less, and does not apply to condominiums
  • Maximum buyer income in Broward is $105,120
  • A minimum credit score of 620
  • Maximum debt-to-income (DTI) of 50% with one month of reserves

Now that we’ve addressed the no-down-payment roadblock, you’re free to let your imagination take flight! For a little inspiration, we’d like to start by introducing you to a delightful community of new townhomes in Davie, Palomino Lake.

Nestled in the heart of horse-country, Palomino Lake will offer 28 acres and a glistening lake teeming with fish, turtles, and ducks. With bike racks set throughout, this is a community that will invite you to commune with nature and enjoy outdoor living. The pool and cabana are sure to become your family’s favorite destination, a place where you can relax on the sundeck or refresh yourself in the pristine waters.

But Palomino Lake isn’t just about great outdoor spaces–– the townhomes are beautifully appointed and finished, offering five floorplans to choose from, three of which are under the down payment assistance grant maximum. You’ll enjoy smartly designed, open spaces, contemporary flair, and an attached garage—every comfort to make life easier and more enjoyable.

If you’re looking for a more urban vibe, The Edge on 15th is another EagleEdge-qualifying community that may be a great fit for you. Ideally located in the Edgewood neighborhood of Fort Lauderdale, just east of I-95, this community of new townhomes is close to fantastic restaurants and shopping, excellent schools, and the Beaches.

Charming as well as practical, the townhomes will be Wi-Fi CERTIFIED™ for unsurpassed connectivity and convenience. Play your favorite playlists when guests drop by, or take them poolside for a drink, then on to one of the many nearby restaurants for a bite of dinner.

These spacious homes located in an urban hot-spot are being offered at incredible prices beginning in the low $340s—well within the grant requirements! If the ideal home of your imagination entails an easy cosmopolitan lifestyle, you’ve got to check out The Edge on 15th.

But maybe your dream looks like an elegant Mediterranean-style enclave… A third Lennar community, Horizon at Celebration Pointe, a new townhome community in Margate, captures that essence.

This is a place you will be proud to call home, an elegant and serene enclave where amenities such as an irresistible lakeside pool with cabana, complement the captivating homes.

Great attention to detail is evident throughout the townhomes and with Lennar’s signature Everything’s Included® package, you don’t have to compromise on luxury features. Although floorplans are extremely spacious and even offer up to 4 bedrooms, every home is very accessibly priced, way under the grant maximum!

With kitchens featuring stainless steel appliances, ample countertops, and cabinets in your choice of designer colors you will be inspired to try your hand at new culinary creations. Serve your delicious temptations in the attractive patio, where alfresco dining makes everything taste even better.

A grant that covers down payments for qualifying buyers, and three dreamy Lennar communities that meet requirements, sounds like a wonderful new beginning for many families! Can we make your heartfelt wish a reality? We’d love to help!

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