Benzinga has researched the top mortgage lenders to show you the best mortgage lenders in Sarasota, Florida for buying a home or refinancing.
Best Mortgage Lenders in Sarasota Florida
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Sarasota is located on the Southwestern coast of Florida. With a population of 54,842, it is a mid-sized city and the state’s 57th most populous city. Nicknamed “Circus City”, Sarasota used to be the winter headquarters of The Ringling Brothers and Barnum and Bailey Circuses. It is home to the John and Mable Ringling Museum of Art, a favored part of its art community.
Sarasota is also known for its architecture, with mid-century modern architecture throughout the city and the Sarasota School of Architecture on display. This city’s vast history and cultural amenities, along with excellent shopping, beautiful beaches, top-notch restaurants, and more, has made Sarasota named the “Best Place to Retire in the United States”, by U.S. News and World Report.
Sarasota, Florida Real Estate Market
The median home price in Sarasota is $354,787. There has been an increase in the average annual appreciation rate over the last 10 years of 9.78%. While most residents here are homeowners, there is a significant rental market. The average rental rate in Sarasota is $1,806 per month.
There is a mix of single-family homes and apartment complexes here, mainly 2-3 bedroom dwellings built between 1970-1999. Residents in Sarasota are mostly well-educated upper-middle-class adults with careers in healthcare, accommodation, and retail. Sarasota also has a large retiree population.
Popular Neighborhoods in Sarasota
South Gate Ridge
Current Mortgage Rates in Florida
Mortgage rates fluctuate, much like stocks on the stock market do. Mortgage-backed securities are traded like stocks. The current state of the economy drives the housing market.
You may want to watch mortgage rates to know when to commit to a mortgage rate. Benzinga monitors mortgage rate fluctuations and updates current mortgage rate charts.
|7/1 ARM (adjustable rate)
|5/1 ARM (adjustable rate)
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