<PAGE> 269
                                                              EXHIBIT 10.7

                         COMMITMENT AND ACCEPTANCE

         This Commitment and Acceptance (this  "Commitment and Acceptance")
dated as of October 8, 1997,  is entered  into among the parties  listed on
the signature pages hereof. Capitalized terms used herein and not otherwise
defined  herein  shall have the meanings  attributed  to them in the Credit
Agreement (as defined below).

                           PRELIMINARY STATEMENTS

         Reference  is made to that  certain  Amended and  Restated  Credit
Agreement dated as of May 28, 1997, by and among U.S. Home Corporation,  as
Borrower,  The First  National Bank of Chicago,  as Agent,  and the Lenders
that are parties thereto (as the same has been and may from time to time be
amended,  modified,  supplemented  or  restated,  in  whole  or in part and
without  limitation  as to amount,  terms,  conditions  or  covenants,  the
"Credit Agreement").

         Pursuant to Section 2.5(b) of the Credit  Agreement,  the Borrower
has requested an increase in the Aggregate  Commitment from $130,000,000.00
to $180,000,000.00.  Such increase in the Aggregate Commitment is to become
effective on October 9, 1997 (the "Increase Date"). In connection with such
requested increase in the Aggregate Commitment, the Borrower, the Agent and
AmSouth Bank (the "Accepting Lender") hereby agree as follows:

         1.  ACCEPTING  LENDER'S  COMMITMENT.  Effective as of the Increase
Date, the Accepting  Lender shall become a party to the Credit Agreement as
a  Lender,  shall  have  all of the  rights  and  obligations  of a  Lender
thereunder, shall agree to be bound by the terms and provisions thereof and
shall  thereupon  have a  Commitment  under and for  purposes of the Credit
Agreement in an amount equal to the amount set forth opposite the Accepting
Lender's name on the signature pages hereof.
                                                       
         2.   REPRESENTATIONS  AND  AGREEMENTS  OF  ACCEPTING  LENDER.  The
Accepting  Lender  hereby (i)  confirms  that it has received a copy of the
Credit  Agreement,   together  with  copies  of  the  financial  statements
requested by the Accepting  Lender and such other documents and information
as it has deemed  appropriate to make its own credit  analysis and decision
to enter into this  Commitment  and  Acceptance,  (ii) agrees that it will,
independently  and without  reliance upon the Agent or any Lender and based
on such documents and information as it shall deem appropriate at the time,
continue to make its own credit  decisions  in taking or not taking  action
under the Loan  Documents,  (iii) appoints and authorizes the Agent to take
such  action as agent on its behalf and to exercise  such powers  under the
Loan Documents as are delegated to the Agent by the terms thereof, together
with such powers as are reasonably  incidental thereto, (iv) agrees that it
will perform in accordance with their terms all of the obligations which by
the terms of the Loan  Documents  are  required to be  performed by it as a
Lender,  (v) agrees that its payment  instructions and notice  instructions
are as set forth in the  attachment  to Schedule 1, and (vi)  confirms that
none of the funds, monies, assets or other consideration being used to make
the Commitment hereunder are "plan assets" under ERISA.


<PAGE> 270

         3.   REPRESENTATION  OF  BORROWER.  The Borrower hereby represents
and warrants that as  of  the  date  hereof and as of the Increase Date, no
event or  condition  shall  have  occurred  and then  be  continuing  which
constitutes a Default or Unmatured Default.

         4.   GOVERNING  LAW. This  Commitment  and  Acceptance  shall  be 
governed by the internal law, and not the law of conflicts, of the State of
Illinois.

         5.   NOTICES.  For the  purpose of notices  to be given  under the
Credit  Agreement,  the address of the Accepting  Lender (until notice of a
change is delivered) shall be the address set forth in Schedule 1.

         IN  WITNESS  WHEREOF,   the  parties  hereto  have  executed  this
Commitment and Acceptance by their duly authorized  officers as of the date
first above written.

                           BORROWER:

                           U.S. HOME CORPORATION

                           By:    __________________________
                           Name:
                           Title:

                           AGENT:

                           THE FIRST NATIONAL BANK OF CHICAGO,
                              as Agent

                           By:   ___________________________
                           Name:
                           Title:

                           ACCEPTING LENDER:
Commitment:
                           AMSOUTH BANK

$15,000,000.00             By:   ___________________________
                           Name:
                           Title:



<PAGE> 271

                                                               
                         COMMITMENT AND ACCEPTANCE

         This Commitment and Acceptance (this  "Commitment and Acceptance")
dated as of October 8, 1997,  is entered  into among the parties  listed on
the signature pages hereof. Capitalized terms used herein and not otherwise
defined  herein  shall have the meanings  attributed  to them in the Credit
Agreement (as defined below).

                           PRELIMINARY STATEMENTS

         Reference  is made to that  certain  Amended and  Restated  Credit
Agreement dated as of May 28, 1997, by and among U.S. Home Corporation,  as
Borrower,  The First  National Bank of Chicago,  as Agent,  and the Lenders
that are parties thereto (as the same has been and may from time to time be
amended,  modified,  supplemented  or  restated,  in  whole  or in part and
without  limitation  as to amount,  terms,  conditions  or  covenants,  the
"Credit Agreement").

         Pursuant to Section 2.5(b) of the Credit  Agreement,  the Borrower
has requested an increase in the Aggregate  Commitment from $130,000,000.00
to $180,000,000.00.  Such increase in the Aggregate Commitment is to become
effective on October 9, 1997 (the "Increase Date"). In connection with such
requested increase in the Aggregate Commitment, the Borrower, the Agent and
The First National Bank of Chicago (the "Accepting Lender") hereby agree as
follows:

         1.  ACCEPTING  LENDER'S  COMMITMENT.  Effective as of the Increase
Date,  the  Commitment of the Accepting  Lender under the Credit  Agreement
shall be increased from $30,000,000.00 to the amount set forth opposite the
Accepting Lender's name on the signature pages hereof.

         2.  REPRESENTATION OF BORROWER.  The Borrower hereby represents and
warrants  that, as of the date hereof and as of the Increase Date, no event
or condition shall have occurred and then be continuing which constitutes a
Default or Unmatured Default.

         3.  GOVERNING LAW. This Commitment and Acceptance shall be governed
by the  internal  law,  and not  the  law of  conflicts,  of the  State  of
Illinois.

         IN  WITNESS  WHEREOF,   the  parties  hereto  have  executed  this
Commitment and Acceptance by their duly authorized  officers as of the date
first above written.

                           BORROWER:

                           U.S. HOME CORPORATION

                           By:      __________________________
                           Name: Thomas A. Napoli
                           Title: Vice President


<PAGE> 272


                           AGENT:

                           THE FIRST NATIONAL BANK OF CHICAGO,
                             as Agent

                           By: ___________________________
                           Name: _________________________
                           Title: ________________________

                           ACCEPTING LENDER:
Commitment:
                           THE FIRST NATIONAL BANK OF CHICAGO

$40,000,000.00             By: ___________________________
                           Name: _________________________
                           Title: ________________________


<PAGE> 273

                         COMMITMENT AND ACCEPTANCE


         This Commitment and Acceptance (this  "Commitment and Acceptance")
dated as of October 8, 1997,  is entered  into among the parties  listed on
the signature pages hereof. Capitalized terms used herein and not otherwise
defined  herein  shall have the meanings  attributed  to them in the Credit
Agreement (as defined below).

                           PRELIMINARY STATEMENTS

         Reference  is made to that  certain  Amended and  Restated  Credit
Agreement dated as of May 28, 1997, by and among U.S. Home Corporation,  as
Borrower,  The First  National Bank of Chicago,  as Agent,  and the Lenders
that are parties thereto (as the same has been and may from time to time be
amended,  modified,  supplemented  or  restated,  in  whole  or in part and
without  limitation  as to amount,  terms,  conditions  or  covenants,  the
"Credit Agreement").

         Pursuant to Section 2.5(b) of the Credit  Agreement,  the Borrower
has requested an increase in the Aggregate  Commitment from $130,000,000.00
to $180,000,000.00.  Such increase in the Aggregate Commitment is to become
effective on October 9, 1997 (the "Increase Date"). In connection with such
requested increase in the Aggregate Commitment, the Borrower, the Agent and
Comerica Bank (the "Accepting Lender") hereby agree as follows:

         1.  ACCEPTING  LENDER'S  COMMITMENT.  Effective as of the Increase
Date,  the  Commitment of the Accepting  Lender under the Credit  Agreement
shall be increased from $15,000,000.00 to the amount set forth opposite the
Accepting Lender's name on the signature pages hereof.

         2.  REPRESENTATION OF BORROWER.  The Borrower hereby represents and
warrants  that, as of the date hereof and as of the Increase Date, no event
or condition shall have occurred and then be continuing which constitutes a
Default or Unmatured Default.

         3.  GOVERNING LAW. This Commitment and Acceptance shall be governed
by the  internal  law,  and not  the  law of  conflicts,  of the  State  of
Illinois.

         IN  WITNESS  WHEREOF,   the  parties  hereto  have  executed  this
Commitment and Acceptance by their duly authorized  officers as of the date
first above written.

                           BORROWER:

                           U.S. HOME CORPORATION

                           By:      __________________________
                           Name: Thomas A. Napoli
                           Title: Vice President


<PAGE> 274

                           AGENT:
                           THE FIRST NATIONAL BANK OF CHICAGO,
                              as Agent

                           By: ___________________________
                           Name: _________________________
                           Title: ________________________

                           ACCEPTING LENDER:
Commitment:
                           COMERICA BANK

$25,000,000.00             By: ___________________________
                           Name: _________________________
                           Title: ________________________



<PAGE> 275

                         COMMITMENT AND ACCEPTANCE

         This Commitment and Acceptance (this  "Commitment and Acceptance")
dated as of October 8, 1997,  is entered  into among the parties  listed on
the signature pages hereof. Capitalized terms used herein and not otherwise
defined  herein  shall have the meanings  attributed  to them in the Credit
Agreement (as defined below).

                           PRELIMINARY STATEMENTS

         Reference  is made to that  certain  Amended and  Restated  Credit
Agreement dated as of May 28, 1997, by and among U.S. Home Corporation,  as
Borrower,  The First  National Bank of Chicago,  as Agent,  and the Lenders
that are parties thereto (as the same has been and may from time to time be
amended,  modified,  supplemented  or  restated,  in  whole  or in part and
without  limitation  as to amount,  terms,  conditions  or  covenants,  the
"Credit Agreement").

         Pursuant to Section 2.5(b) of the Credit  Agreement,  the Borrower
has requested an increase in the Aggregate  Commitment from $130,000,000.00
to $180,000,000.00.  Such increase in the Aggregate Commitment is to become
effective on October 9, 1997 (the "Increase Date"). In connection with such
requested increase in the Aggregate Commitment, the Borrower, the Agent and
Guaranty  Federal Bank,  F.S.B.  (the  "Accepting  Lender") hereby agree as
follows:

         1.  ACCEPTING  LENDER'S  COMMITMENT.  Effective as of the Increase
Date,  the  Commitment of the Accepting  Lender under the Credit  Agreement
shall be increased from $30,000,000.00 to the amount set forth opposite the
Accepting Lender's name on the signature pages hereof.

         2.  REPRESENTATION OF BORROWER.  The Borrower hereby represents and
warrants  that, as of the date hereof and as of the Increase Date, no event
or condition shall have occurred and then be continuing which constitutes a
Default or Unmatured Default.

         3.  GOVERNING LAW. This Commitment and Acceptance shall be governed
by the  internal  law,  and not  the  law of  conflicts,  of the  State  of
Illinois.

         IN  WITNESS  WHEREOF,   the  parties  hereto  have  executed  this
Commitment and Acceptance by their duly authorized  officers as of the date
first above written.

                           BORROWER:

                           U.S. HOME CORPORATION

                           By:      __________________________
                           Name: Thomas A. Napoli
                           Title: Vice President



<PAGE> 276


                           AGENT:

                           THE FIRST NATIONAL BANK OF CHICAGO,
                              as Agent

                           By: ___________________________
                           Name: _________________________
                           Title: ________________________

                           ACCEPTING LENDER:
Commitment:
                           GUARANTY FEDERAL BANK, F.S.B.

$37,500,000.00             By: ___________________________
                           Name: _________________________
                           Title: ________________________




<PAGE> 277

                        COMMITMENT AND ACCEPTANCE

         This Commitment and Acceptance (this  "Commitment and Acceptance")
dated as of October 8, 1997,  is entered  into among the parties  listed on
the signature pages hereof. Capitalized terms used herein and not otherwise
defined  herein  shall have the meanings  attributed  to them in the Credit
Agreement (as defined below).

                           PRELIMINARY STATEMENTS

         Reference  is made to that  certain  Amended and  Restated  Credit
Agreement dated as of May 28, 1997, by and among U.S. Home Corporation,  as
Borrower,  The First  National Bank of Chicago,  as Agent,  and the Lenders
that are parties thereto (as the same has been and may from time to time be
amended,  modified,  supplemented  or  restated,  in  whole  or in part and
without  limitation  as to amount,  terms,  conditions  or  covenants,  the
"Credit Agreement").

         Pursuant to Section 2.5(b) of the Credit  Agreement,  the Borrower
has requested an increase in the Aggregate  Commitment from $130,000,000.00
to $180,000,000.00.  Such increase in the Aggregate Commitment is to become
effective on October 9, 1997 (the "Increase Date"). In connection with such
requested increase in the Aggregate Commitment, the Borrower, the Agent and
Credit  Lyonnais New York Branch (the  "Accepting  Lender") hereby agree as
follows:

         1.  ACCEPTING  LENDER'S  COMMITMENT.  Effective as of the Increase
Date,  the  Commitment of the Accepting  Lender under the Credit  Agreement
shall be increased from $30,000,000.00 to the amount set forth opposite the
Accepting Lender's name on the signature pages hereof.

         2.  REPRESENTATION OF BORROWER.  The Borrower hereby represents and
warrants  that, as of the date hereof and as of the Increase Date, no event
or condition shall have occurred and then be continuing which constitutes a
Default or Unmatured Default.

         3.  GOVERNING LAW. This Commitment and Acceptance shall be governed
by the  internal  law,  and not  the  law of  conflicts,  of the  State  of
Illinois.

         IN  WITNESS  WHEREOF,   the  parties  hereto  have  executed  this
Commitment and Acceptance by their duly authorized  officers as of the date
first above written.

                           BORROWER:

                           U.S. HOME CORPORATION

                           By:  __________________________
                           Name: Thomas A. Napoli
                           Title: Vice President



<PAGE> 278


                           AGENT:

                           THE FIRST NATIONAL BANK OF CHICAGO,
                              as Agent

                           By: ___________________________
                           Name: _________________________
                           Title: ________________________

                           ACCEPTING LENDER:
Commitment:
                           CREDIT LYONNAIS NEW YORK BRANCH

$37,500,000.00             By: ___________________________
                           Name: _________________________
                           Title: ________________________




<PAGE> 279


                                  SCHEDULE 1
                          to Commitment and Acceptance