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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

How Did The Employment Report Affect Mortgage Rates? - 1 hour ago
Posted To: Mortgage Rate WatchIt is the first Friday of the month and that brings us the official government report on the labor market: The Employment Situation Report. This release provides four headline measures on the health of the jobs sector. Nonfarm Payrolls: totals the number of jobs that were added to or cut from employer payrolls in the prior month. Consensus Forecast: -100,000 vs. -131,000 in July (Private payrolls increased 71,000 in July and +41,000 expected today) Unemployment Rate: the percentage of working-age, mentally able-Americans who are jobless. Consensus Forecast: 9.6% of the labor force vs. 9.5% last month Average Hourly Earnings: the average amount of earnings per hour of labor performed. Consensus Forecast: +0.1% vs. +0.2% last month. Average Work Week: average amount of hours worked by an employee...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.

All Signs Point to Higher Rates in Week Ahead - 5 hours ago
Posted To: MBS CommentaryNFP has come and gone, let's see where things stand.... The October delivery FNCL 4.0 is -0-09 at 102-15. In the chart below I called attention to a few technical inflection points. The ascending trend channel that helped mortgage rates hit new lows on Wednesday has broken down and FNCL 4.0s have made their way back into the range that moderated price action for the majority of August. The falling knife found support and bounced higher directly in the middle of that range. 10s flagged lower for the entire month of August (all summer really) and are now flagging higher. The 2.625% coupon bearing 10 year TSY note is off its session price lows (98-24) at 99-07 yielding 2.715% (+8.8bps). 10s are the worst spot on the curve followed by 7s (+8.6bps) and the long bond (+7.6bps). Volume was heavy into...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.

FHFA Establishes New Housing Goals for GSEs - 7 hours ago
Posted To: MND NewsWireThe Federal Housing Finance Agency (FHFA), conservator of Freddie Mac and Fannie Mae (the Enterprises) has established its final housing goals for the Enterprises in 2010-2011. FHFA is required by the Housing and Economic Recovery Act of 2008 (HERA) to set such goals for targeted segments of the mortgage market The new rules establish three goals for single-family, owner-occupied home purchases; one for low-income families, another for very low-income families, and a third for families living in geographical areas with lower-income populations, areas with high concentrations of minority residents, or federal declared disaster areas. The goal for disaster areas contains a sub-goal to ensure that the needs of lower-income and minority areas are addressed. A goal has also been established for...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.

Banks Prefer Cash Buyers in REO Sales; Freddie Mac Streamline Refi Program; Originator Capacity Constraints; Comments on Property Flipping - 8 hours 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 - 10 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.

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