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Columbia, M.D. (March 1, 2010) – The countdown is almost over and time is quickly coming to a close to take advantage of the historic government homebuyer tax credit opportunities. New homes must be purchased by April 30, 2010 to qualify for a tax credit.

With this date less than 60 days away, the Maryland division of Lennar, one of the nation’s top homebuilders, is urging prospective homebuyers to stop waiting on the sidelines and to take action to get into the home of their dreams or miss out on these incredible savings.

If you haven’t owned a home in the last three years you may qualify to receive the first-time homebuyer government tax credit of up to $8,000. Plus, even current homeowners may also qualify to receive up to a $6,500 tax credit. These tax credits are not loans, but prospective buyers must act now in order to not miss out on these opportunities.

“Another homebuyer tax credit extension is unlikely,” said Jonathan Tepper, Director of Sales and Marketing for Lennar’s Maryland division. “So the time to buy is before April 30 to take advantage of these credit opportunities that may never be seen again.”

Right now, Lennar has a large selection of move-in ready homes all across Maryland and Southern Pennsylvania that qualify and can close in time to take advantage of the tax credits.

Plus, the homebuilder has aggressive low prices, below market financing, closing cost incentives and 100 percent financing available in select communities with specific lending programs.

The Federal Housing Authority (FHA) has already changed guidelines requiring buyers to put more money down. New FHA guidelines include credit score requirements will increase, seller contribution to closing costs will be reduced by 3 percent and monthly mortgage insurance premiums will increase. It’s important prospective buyers buy now or run the risk of not qualifying.

“It doesn’t matter if you are looking for a first-time home, a smaller home, bigger home or an active adult community to live in,” said Tepper. “We have a home to meet your needs in the Maryland and Pennsylvania region.”

All Lennar homes come with an array of quality features and designer upgrades included in the home purchase price.

Lennar’s Maryland division offers townhomes in the Baltimore area of Glen Burnie; townhomes on Maryland’s Eastern Shore in Easton; townhomes, single-family homes and active adult communities in the D.C. metro area including Clarksburg, Bowie, Indian Head, Accokeek and Waldorf; townhomes, villas and single-family homes in Lancaster, Pennsylvania and townhomes and single-family homes in York and Dover, Pennsylvania.

For more information on Lennar’s Maryland and Pennsylvania communities, please visit http://www.lennar.com or call 877-37-LENNAR.

Welcome Home Centers are open daily 10 a.m. to 6 p.m.

About Lennar Corporation

Lennar Corporation, founded in 1954, is headquartered in Miami, Florida and is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable, move-up and retirement homes in Communities that cater to almost any lifestyle – such as urban, golf course, Active Adult or suburban Communities. Currently the company builds homes in 17 different states in some of the finest markets across the country.

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