1st Time Buyers Can Sure Use This!

Coupled With Lakewood Incentives And Attractive Financing, Now Is The Best Time In Years To Purchase A Lakewood Dream Home!

Homebuyers are poised to save big when they purchase a new Lakewood home during 2009. The recently enacted economic stimulus package lets first time homebuyers claim a refundable $8,000 federal tax credit on their new home purchase. This tax credit is in addition to the many attractive incentives Lakewood is currently offering at all five of their Chicagoland new home communities. There has never been a better time for buyers to make a new home purchase and as the leader in affordable new homes, Lakewood is ready to assist first time buyers in any way possible so they can achieve their new home dreams. Lakewood is currently building townhomes, single-family homes and attached single-family homes in many desirable locations throughout the Chicago area. Professionally decorated and furnished models are open for tours everyday at all Lakewood communities.

“The opportunity to achieve the American Dream is alive and well at Lakewood and first time buyers have the chance to save now like never before on a new Lakewood home. We are ready to provide all the expert advice that first time buyers seek, with outstanding mortgage programs through LHI Mortgage, our in-house lender, along with new low prices that haven’t been seen in years,” said Chris Shaxted, executive vice president of Lakewood Homes. “With the addition of the $8,000 federal tax credit, first time buyers are in their best position to reap big savings and start enjoying the benefits of being homeowners.”

The $8,000 federal tax credit is for first time homebuyers who close between January 1st and December 1st, 2009. They will receive a tax credit of up to $8000. The credit does NOT have to be repaid, but buyers have to stay in their home for at least three years. This new credit is for individuals with incomes under $75,000 or for married couples with incomes under $150,000 who file their taxes jointly. The credit is forfeited if the buyer sells their home within three years. Complete details on the tax credit are available at www.federaltaxcredit.com or by visiting any Lakewood Homes sales center.

Lakewood is famous for providing family-friendly features along with incredible value and affordability in beautifully designed neighborhoods with parks, playgrounds, walking trails, scenic water features and impressive monumented entryways. All Lakewood communities are served by good school systems and are convenient to transportation and major thoroughfares for easy commuting.
Three of Lakewood’s Chicago-area communities are clubhouse equipped, with outdoor swimming pools, tennis courts, sand volleyball and community clubhouse facilities that residents can use free of charge for social functions, holiday parties and even wedding or baby showers. Lakewood’s third clubhouse neighborhood is Lakewood Crossing in northwest suburban Hampshire. Village Homes start at $159,990 and single-family homes that include basements begin at $219,990.

“Imagine buying a beautiful new, quality-built home and having access to a clubhouse with swimming pool all in a lush green family-oriented neighborhood in a growing suburb. That’s the homeownership dream that can come true at Lakewood Springs in Plano,” Shaxted said.

Lakewood makes it easy for buyers to obtain financing, with competitive low rates offered through LHI Mortgage, Lakewood’s award winning in-house mortgage lender, ranked highest in satisfaction in the Chicago market in the J.D. Power and Associates 2007 New-Home Builder Mortgage Originator StudySM. LHI has a wide variety of finance programs, including special offers for first-time buyers. Homebuyers at Lakewood communities can also receive up to $2,000 in closing costs when they finance through LHI. Visitors can get complete information on all the finance programs LHI offers and receive a complimentary credit analysis by stopping by the LHI office located inside each sales center.

“Now is the best time in decades to purchase a new home and Lakewood has created a new home purchase experience that is second-to-none in the Chicagoland area. With our cash incentives, the federal first time buyer tax credit and new, even lower prices, buyers can choose a quality-built Lakewood home and realize their own American Dream,” said Shaxted.

Lakewood Homes is ranked in first place among Chicago area home builders, as part of a three-way tie in the 2008 J.D. Power and Associates New-Home Builder Customer Satisfaction Study.SM This marks the eighth year in a row that Lakewood has been ranked at or near the top of this annual industry study, including six first-place awards.

Lakewood Homes has also won the 2008 Avid Award that honors homebuilders nationwide who have demonstrated superior customer service and who have also received high referral ratings. The award is based on surveys of new home buyers across the nation and is presented by Professional Builder magazine. For more information on Lakewood Homes, call the Lakewood Corporate Office at (847) 884-8800 or visit online at www.lakewoodhomes.com.