Thinking of Buying A Home in Sarasota, Florida? Mortgage Rates at an all time low.

08/03/10 Home shoppers ready to buy a home in Sarasota Florida will enjoy savings not only in lowest price ranges with the median price of a home in Sarasota at $167,000 and better yet, mortgage rates have fallen to around 4.375% with no points on a 30 year mortgage.  Mortgage lenders are starting to show a loosening up on guidelines.  Recently the wholesale division of Suntrust announced easier guidelines on condo association approval when obtaining a mortgage through their division that provides wholesale rates to mortgage brokers and mortgage insurance companies are beginning to allow higher loan to value purchase requirements, which is good news for buyers.  Magnet Mortgage Corp, a local Florida Licensed Mortgage Broker Business is offering more buyer incentives when puchasing a home through recommended agents. Click here for more information. USDA 100% financing opportunites are also offered by the mortgage company.  This program allows no down payment, no mortgage insurance and even a contribution of 6% in closing costs by the seller. 

All this is all great news for home buyers that have been waiting for the best opportunity to purchase a home.