Carefree Title Agency S-4 Registration of securities issued in business combination transactions

Exhibit 12.1

Meritage Homes Corporation

Calculation of Ratio of Earnings to Total Fixed Charges

(Dollars in thousands)

	Six Months Ended June 30, 2017			Year Ended December 31,
				2016			2015			2014			2013			2012
Income from continuing operations before income taxes and minority interest	$	99,974			218,060			189,464			208,417			177,672			28,854
Loss/(Income) from equity method investees		(7,127	)		(19,042	)		(12,759	)		(10,422	)		(12,805	)		(10,233	)
	$	92,847			199,018			176,705			197,995			164,867			18,621
Add/(deduct):
+ Fixed Charges	$	38,695			72,952			69,753			60,541			53,285			47,968
+ Amortization of Capitalized Interest		30,599			58,182			44,435			32,143			24,668			15,101
+ Distributed income of equity method investees		7,962			16,959			12,650			11,613			13,013			9,648
- Interest capitalized		(34,730	)		(65,178	)		(51,577	)		(53,211	)		(36,060	)		(21,891	)
Earnings available for fixed charges	$	135,373			281,933			251,966			249,081			219,773			69,447
Fixed Charges:
Interest and other financial charges expensed and capitalized	$	37,175			70,348			67,542			58,374			51,152			46,135
Interest factor attributed to rentals (a)		1,520			2,604			2,211			2,167			2,133			1,833
Fixed Charges	$	38,695			72,952			69,753			60,541			53,285			47,968
Ratio of earnings to fixed charges (b)		3.5x			3.9x			3.6x			4.1x			4.1x			1.4x

(a) The interest factor attributable to rentals consists ofone-third of rental charges, which is deemed by the Company to be representative of the interest factor inherent in rent.

(b) There was no outstanding preferred stock during the periods presented; therefore, the ratio of earnings to fixed charges and earnings to combined fixed charges and preferred stock dividends were the same.

Pro Forma Calculation of Ratio of Earnings to Total Fixed Charges

(Dollars in thousands)

	Six Months Ended June 30, 2017			Year Ended December 31, 2016
Income from continuing operations before income taxes and minority interest	$	94,590			204,089
Loss/(Income) from equity method investees		(7,127	)		(19,042	)
	$	87,463			185,047
Add/(deduct):
+ Fixed Charges	$	43,515			86,870
+ Amortization of Capitalized Interest		30,599			58,182
+ Distributed income of equity method investees		7,962			16,959
- Interest capitalized		(39,550	)		(79,094	)
Earnings available for fixed charges	$	130,189		$	267,964
Fixed Charges:
Interest and other financial charges expensed and capitalized	$	41,995			84,266
Interest factor attributed to rentals (a)		1,520			2,604
Fixed Charges	$	43,515			86,870
Ratio of earnings to fixed charges (b)		3.0x			3.1x

(a) The interest factor attributable to rentals consists ofone-third of rental charges, which is deemed by the Company to be representative of the interest factor inherent in rent.

(b) There was no outstanding preferred stock during the periods presented; therefore, the ratio of earnings to fixed charges and earnings to combined fixed charges and preferred stock dividends were the same.