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The Front Porch Blog

Education on all things homeownership

Missed Your Chance to Buy? Maybe Not.

August 03, 2023 Blog, Homebuying

With interest rates rising over the last 3 years, you may be kicking yourself for not buying a home in 2020. Many homebuyers are holding out hope that they’ll get another opportunity like the one they missed.  

Don't delay your dream of homeownership! 

The market rate doesn’t have to be your rate. 

Source: as of 8/3/2023 

Calculate Your Estimated Monthly Payment 
Even with today’s interest rates, a mortgage payment may be more affordable than you think – especially in comparison to rising rent prices! Just a few minutes with a mortgage calculator can give you an estimate of what your monthly payments might look like. See what you can afford and determine a budget before searching for your dream home. 

Find Your Dream Home 
After deciding on your budget, it’s time for the fun part: touring homes and finding the perfect fit. For a home where Everything’s Included, look no further than Lennar! These new homes feature amazing community amenities, smart home technology, modern interiors and skilled craftmanship. 

Get Special Financing from Lennar Mortgage 
Lennar homes come with an even more impressive perk: special financing from Lennar Mortgage! If you fall in love with a Lennar home, take 15 minutes to get pre-qualified online. After answering a few questions, you’ll be paired with a Loan Officer who will walk you through all your financing options.  

Lock in Your Rate Before the Market Changes 
While no one can predict how interest rates will change, Lennar Mortgage can protect you from rate increases. With Rate Lock, you have the option to lock in your interest rate for up to 270 days!  If interest rates rise, you’ll keep your locked in rate. If they fall, you have the option to “float down” to the current rate one time within 30 days of your closing.* It’s a win-win!  

Let’s Get Started! 
Not everyone was able to snag a home when interest rates were at their historical lows. That doesn’t mean you missed your opportunity. With a little planning and informed decision-making, you can make the most of today’s market. When you’re relaxing in a home you own, you’ll be glad you decided to buy. 

If you haven’t found your Lennar dream home yet, visit to get started

If you’re ready to finance your Lennar home, get pre-qualified with Lennar Mortgage today


*Float down option is not available for short term rate lock products. Review your rate lock agreement for more details.

Disclaimer: Not an offer to provide or facilitate a mortgage assumption, make a determination on eligibility or give financial advice. Please consult your current loan servicer, not Lennar Mortgage, LLC, on mortgage assumption eligibility, restrictions, terms and conditions. This is not a commitment or offer to lend, but provided for informational purposes only. Lennar Mortgage, LLC - NMLS # 1058. Copyright © 2024 Lennar Corporation and Lennar Mortgage, LLC. All rights reserved. Lennar, the Lennar logo, Lennar Mortgage and the Lennar Mortgage logo are U.S. registered service marks or service marks of Lennar Corporation and/or its subsidiaries.