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**** 102 % LTV 'Fixed Rate' USDA 30 yr. Mortgage,STREAMLINE FHA Mtgs. **FHA 203K LOANS *****Go to calculators and get a free prequalification , 102 % USDA Mortgages, APPLY TODAY !!!!!!! FHA Streamline Refinances ****** COMMERCIAL MORTGAGES *** Streamline FHA Refinances ***REVERSE MORTGAGES *** CREATIVE FINANCE *** We Buy Owner Financed Mortgages Anywhere ** Streamline FHA Mtgs.*** Low Fixed Rates $$$$$$ FHA MORTGAGES **** LOW FIXED RATES **** Creative Finance VA Mortgages @100% LTV Fixed Rate, We Buy Owner Financed Mortgages Anywhere in the USA ***VA Mortgages ** FHA Streamline Loans**** Condotel Mortgages**FHA LOANS,FHA LOANS**

Committed to your needs

Customers first

First Sarasota Mortgage Company prides itself on service. We are a full service mortgage broker in Florida. First Sarasota Mortgage Company was founded in 1981 by Tom Cinquegrano. As mortgage brokers,we offer FHA, VA, USDA ,Commercial and Reverse Mortgages all over the state of Florida. With our website you can apply online and get prequailfied for a mortgage. You can also compare Rent vs. Buy too.

If you presently have an FHA mortgage,now is the time to take advantage of low fixed rates with an " FHA STREAMLINE REFINANCE ". FHA & VA Mortgages have a very low down payment requirement when purchasing a home. Ask us about " First Time Homebuyer Mortgages " , as mortgage brokers we provide mortgage financing all over Florida.

If you own property or are thinking of relocating to Florida look to First Sarasota Mortgage Company for all of your mortgage needs in Orlando,Tampa,Venice ,Bradenton ,Ft. Myers ,Pt.Charlotte ,Naples , SARASOTA , Pensacola ,and any other city in the state of " FLORIDA "

First Sarasota Mortgage Company also buys and sells owner financed mortgages anywhere in the USA. Contact us for a free quote. We have been locally owned and operated as mortgage brokers in Sarasota , Florida since 1981.

Get fast answers

At our website you can calculate your savings and breakeven point on the refinancing of your loan to a new loan with a lower interest rate. Check out our " Mortgage Refinance Calculator ".

If you presently have an FHA mortgage , you may qualify for an FHA "Streamline" refinance to a lower fixed rate. Don't wait apply online for an FHA Mortgage today. With a Streamline FHA refinance you may be eligilble for a refund of your mortgage insurance premium.

Browse around our website to get answers to all of your mortgage questions. Rent vs. Buy ? Debt consolidation ? Is now the time to Refinance?

First Sarasota Mortgage Company has been locally owned and operated since 1981.

We pride ourselves on " service " and "knowledge"of the mortgage market, feel free to contact us with any of your mortgage questions or concerns.

No matter where your property is located in Florida, ie: Sarasota, Venice, Bradenton, Orlando, Tampa, FT.Myers, Naples, Gainsville, Miami, Pensacola, Lakeland ,Ocala ,Anywhere in Florida ,we can accomodate your Residential or Commercial morgtgage needs.

Don't forget about Rehab & Remodeling loans under FHA'S 203K program.

Mortgage News Daily

Banks Prefer Cash Buyers in REO Sales; Freddie Mac Streamline Refi Program; Originator Capacity Constraints; Comments on Property Flipping - 49 minutes ago
Posted To: Pipeline PressIf there's one thing that an investor will never let any originator off the buyback hook for, it's fraud . Not only that, but the penalties can go far beyond merely buying back the loan, and saying' "My bad." Just in the last few days, Laura-Jean Arvelo and Ronald O'Malley, a New Jersey mortgage broker and former head of the Bergen County Improvement Authority, was indicted by a federal grand jury on charges of preparing fraudulent mortgage applications. Both are charged with wire fraud, bank fraud and loan application fraud in order to take bogus documents and falsified applications to trick lenders into making mortgage loans and benefited from fees they received. Ryan Miller of Missouri was sentenced to more than 12 years in federal prison and pay $6 million in restitution for mortgage fraud...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.

Employment Situation Report: -54K Total Job Losses. Private Sector Adds 67k Positions. Bonds Sell - 2 hours ago
Posted To: MBS CommentaryTHE EMPLOYMENT SITUATION – AUGUST 2010 – BETTER THAN EXPECTED From the Release... Nonfarm payroll employment changed little (-54,000) in August, and the unemployment rate was about unchanged at 9.6 percent, the U.S. Bureau of Labor Statistics reported today. Government employment fell, as 114,000 temporary workers hired for the decennial census completed their work. Private-sector payroll employment continued to trend up modestly (+67,000). The number of unemployed persons (14.9 million) and the unemployment rate (9.6 percent) were little changed in August. From May through August, the jobless rate remained in the range of 9.5 to 9.7 percent. The number of long-term unemployed (those jobless for 27 weeks and over) declined by 323,000 over the month to 6.2 million . In August, 42...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.

The Day Ahead: August Employment Data to Drive Markets - 3 hours ago
Posted To: MBS CommentaryMarkets are roughly flat Friday morning ahead of the widely anticipated employment report for August, which at 8:30 eastern time is set to show that jobs declined for the third straight month. Ninety minutes before the opening bell, the S&P 500 is down 0.75 to 1,089.00. The 10 year Treasury note is -0-07 at 99-25 yielding 2.65% (+2.5bps) and the October deliver FNCL 4.0 is -0-02 at 102-22. The employment report is anticipated to show that 100,000 jobs were lost last month, though the decline relates to disappearing Census jobs rather than another dip. Still, private payrolls should increase a modest 41,000, according to economists polled by Reuters, and manufacturing jobs should be up by 10,000. “Unfortunately, whatever we see privately probably gets fully offset by other public sector...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.

Mortgage Rates Move Higher Before Jobs Data - 17 hours ago
Posted To: Mortgage Rate WatchWhat a boring day in the markets! Stocks added to yesterday's gains and bonds added to their losses. This pushed mortgage rates marginally higher. The best 30 year fixed mortgage rates are still in the 4.125% to 4.375% range for well-qualified consumers, but less lenders are offering rates below 4.25% today. If your lender is still willing to offer a rate below 4.25%, your closing costs are about 25bps higher today (0.25% of your loan amount). AQ's comments from yesterday still apply... We're not panicking over this sell off. There has been no change in our fundamental economic outlook, we see no new reason to be optimistic about a rapid recovery. What we witnessed today was a technical adjustment, an adjustment that could reverse course on Friday morning if the Employment Situation Report...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.

Pending Home Sales Rebound from Record Low. What Might Boost Buyer Demand? - 18 hours ago
Posted To: MND NewsWireThe National Association of Realtors released the Pending Home Sales Index today. NAR's Pending Home Sales Index measures the number of home purchase contracts that were signed in the monthly reporting period. Once "pending" sales contracts are closed, they are considered an existing home sale. Because the Pending Home Sales index tells us how many contracts were signed, it is consider a forward indicator of existing home sales. A signed contract is not counted as an existing home sale until the transaction actually closes. Excerpts from the Release... Following a sharp drop in the months immediately after expiration of the home buyer tax credit, pending home sales have modestly risen. The Pending Home Sales Index, a forward-looking indicator, rose 5.2 percent to 79.4 based on contracts signed...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.

2345 Bee Ridge Rd. - Sarasota, FL 34239
Office Phone: 941 923 5865 Toll Free Phone: 1 800 925 3827

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We lend in the following states: FL
Licensed Mortgage Lender

FAMB - Florida Association of Mortgage Brokers

NAMB - National Association of Mortgage Brokers