John Laing Homes Launches Package of Programs to Help Homebuyers Seize ``Window of Opportunity''

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Savvy homebuyers have a new ally in award-winning homebuilder John Laing Homes. The company this week launched a package of programs designed to help homebuyers take advantage of the favorable market conditions in the homebuying market.

The John Laing Homes “Window of Opportunity: Spring Green” program bundles down payment assistance, a loan buy-down program to lower monthly payments, special pricing on select homes for a limited time, and special assistance for homebuyers that need to sell their existing home. Combined with the upgraded finishes and options available on many John Laing homes, like hardwood floors, granite countertops, and stainless steel appliances, the company aims to allay homebuyer concerns.

“It is no secret that the economics of today’s homebuying market favor homebuyers. Interest rates are low, yet expected to rise in the near future, and new homes are priced at levels not seen in four years,” said Patrick Higgins, John Laing Homes’ Senior Vice President of Sales and Marketing. “If we can help people get into a new John Laing home at a great price and low monthly payment now, then we are delivering on our core mission of customer satisfaction.”

The “Window of Opportunity: Spring Green” program will be available through June 15. The program’s elements include the following.

One Penny Down?

Through a partnership with the nation’s largest privately funded down payment assistance program, Nehemiah, John Laing Homes can offer qualified homebuyers a gift of up to six percent of the price of a new home. The gift can be used towards a down payment and/or closing costs.

30-Year Fixed Rate Loans at 4.875%, including 2.87% the First Year

With its lending partner JLH Mortgage, John Laing Homes has created a program to provide a select number of reduced, fixed rate mortgages at several Southern California neighborhoods for a limited time. That’s more than a full point less than the current average cost of a 30-year, fixed-rate loan at 6.12%, which translates into thousands of dollars in savings. The reduced rate loans are available at Palomar, Tremont and Breakaway in Oceanside; Avenue E in Santa Ana; Indigo in Marina Del Rey; Fusion 5 in Chino; and Kona Road in Winchester.

Finished Homes with Upgraded Options Available for Immediate Move-In

The current market allows John Laing Homes to offer homebuyers opportunities to purchase the company’s award-winning homes that are ready for move-in with upgraded options, therefore eliminating the wait associated with new home purchases in traditional market conditions.

House 2 Sell Program

The company’s proprietary House 2 Sell program is designed to help John Laing homebuyers maximize the value of their existing homes and make the transition to their new home easier and more efficient.

For more information on the “Window of Opportunity: Spring Green” benefits and features, visit http://www.jlhwindowofopportunity.com/index.html or speak with a John Laing Home Counselor by visiting a nearby sales office.

About John Laing Homes

With a tradition of quality dating back more than 150 years, John Laing Homes is one of the largest privately held homebuilders in the United States. John Laing Homes consistently ranks among industry leaders in overall customer satisfaction by J.D. Power & Associates, and enjoys the financial backing of its award-winning partner, Dubai-based real estate developer Emaar Properties. The homebuilder has earned numerous industry awards itself, including “America’s Best Builder” for 2006 from Builder magazine, “2005 Most Admired Builder of the Year” from Big Builder magazine, “2004 Builder of the Year” from Professional Builder magazine, and “Builder of the Decade” in 2000 from independent research firm Eliant. Based in Newport Beach, California, John Laing Homes concentrates its homebuilding efforts in California, Colorado, Texas and Arizona. For more information, visit www.johnlainghomes.com.