SOURCE: William Lyon Homes

William Lyon Homes

William Lyon Homes

December 03, 2010 13:02 ET

FHA Financing Gives Buyers Flexible Options to Buy a Brand New Home From William Lyon Homes

NEWPORT BEACH, CA--(Marketwire - December 3, 2010) - William Lyon Homes has been building new neighborhoods in California for 56 years and knows that buying a home is a big step and one of the most important decisions someone will ever make. This is why they are dedicated to helping buyers find the right mortgage solution -- they want consumers to buy smart and purchase the brand new home they have been waiting for and the best time to buy may be now! With recent changes in FHA loan guidelines creating new homeownership opportunities, William Lyon Mortgage* is the perfect answer for Southland buyers who want a low down payment option and flexible qualifying requirements. Take the first step towards finding your new home and get all the details now by visiting www.williamlyonmortgage.com.

"Whether someone is purchasing their first condo or their next single-family, detached home, they quickly learn that the financial aspects of this equation are just as important as finding the right floorplan. Our goal as a lender is to help buyers understand their loan options and to put all of the pieces together to provide a home-buying package suited to their budget and lifestyle," said Jason Forman, Venture Manager for William Lyon Mortgage. "We are committed to helping Southern Californians find the right products and services and to making the procedure simple and easy to comprehend. We want them to know that a range of FHA programs is available to accommodate different financial and personal scenarios, and we can offer loan options to help them make their new home goals a reality this year."

"To start, you do not have to be a first-time buyer to be eligible for FHA financing. In fact, more than 50% of all William Lyon Homes' buyers have recently selected FHA financing due to the low 3.5% down payment requirement and interest rates that are comparable to conventional financing -- and in some cases, even better. Those who are eager to start running the numbers should also consider that FHA loans are available up to $697,500 in San Diego County and $729,750 in Orange and Los Angeles counties. There is also the opportunity to use gifts toward the down payment. In addition, credit guidelines are also more flexible for people who may have had bankruptcy or foreclosure**. The availability of both fixed- and adjustable-rate loans further adds to the financial versatility qualified buyers will enjoy."

"William Lyon Mortgage is dedicated to providing the personal service buyers deserve from day one. For instance, to ease the process from the very beginning, we work with potential buyers to determine how much they can comfortably afford to spend on a home before they shop. This personal service is the cornerstone of William Lyon Mortgage's long-standing tradition of customer satisfaction."

"With today's favorable interest rates and flexible guidelines, now is a great time for buyers to take advantage of current FHA financing through William Lyon Mortgage to find the home of their dreams," Forman added.

William Lyon Homes' brand new neighborhoods from San Diego to Los Angeles give buyers the value, designs and locations they desire at prices starting from the low $300,000s.

Opportunities include Pasado at Del Sur in San Diego, a sought-after address showcasing single-family detached homes, Blossom Grove at The Foothills, which offers spacious detached family designs in a coastal-close Carlsbad setting, and Mirasol at La Costa Greens, which is also selling its elegant detached residences in a Carlsbad resort setting.

The gated resort community of ThreeSixty at South Bay in the desirable Westside area of the I-405 off El Segundo Boulevard in the city of Hawthorne is selling stylish attached homes at The Court and The Flats. In Orange County, exceptional home buying opportunities within the city of Irvine include contemporary attached homes at San Carlos Court in the Village of Portola Springs® and the beautiful townhome neighborhood of Ivy at Woodbury East.

Southern Californians know it matters who their builder is, and William Lyon Homes means it when they say that they put themselves into their homes. That's because they build each and every home as if it were their own. They've earned a solid track record for constructing homes throughout the West since 1954.

For more details on William Lyon Homes' Southern California neighborhoods, visit www.lyonhomes.com today!

Prices are effective as of the date of publication. All homes are subject to prior sale. Prices and availability of homes are subject to change without notice. DRE Officer License: 00982816.

* William Lyon Mortgage, a series of SA Mortgage Services, LLC. SA Mortgage Services, LLC is an operating subsidiary of Bank of America, N.A. Member FDIC. Equal Housing Lender. ©2010 Bank of America Corporation. All trademarks are the property of Bank of America Corporation. Some products may not be available in all states where William Lyon Mortgage operates. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. AR5536Z1

** Minimum credit scores apply. Not all applicants will qualify.