February, 2019
Sabal Palm Spotlight
Sabal Palm Bank-Your Mortgage Solution

With mortgage rates recently going down, now may be a great time to buy or refinance. Sabal Palm Bank works hard to get you a mortgage loan that will work for you. Along with the traditional mortgage offerings: Conventional, FHA, VA and USDA loans, we have the flexibility to help those customers whose loans don't fit in that traditional lending box.

This is known as Portfolio Lending, and we are able to do this because we make these loans only in our community, and we understand and are willing to bank on our community. Circumstances can make a loan ineligible for conventional financing terms, such as those who are self-employed, retired or recently moved to the area. Other times it is the property that makes it a challenge. At Sabal Palm Bank we can take a look at the whole picture and with our understanding of the local real estate market, we will underwrite these loans, allowing buyers to obtain financing.
Downtown Office
1950 Ringling Blvd
Fruitville Office
5101 Fruitville Rd .
Venice Office
735 E. Venice Ave
One such loan we offer is the cross-collateralized mortgage, enabling buyers to use the equity from a house they are selling to purchase another home prior to selling the current home. "This type of loan has several advantages, allowing the homeowner to buy the property that they want to at the right time and at the right price," said Amy Worth, Broker/Agent with RE-Max and President of the Realtor Association of Sarasota-Manatee. "In addition, when the homeowner is trying to juggle their new purchase, move out of the current home and coordinate moving into their new home, this allows the home being sold to be de-cluttered, staged and made move-in ready which usually generates a higher sales price.” 

No matter what your circumstances, Sabal Palm Bank is ready to help you with your both your conventional and portfolio mortgage needs. Loans for a new home, second home or Home Equity Line of Credit--all are just a phone call away. Just reach out to Kathy Collums and she will help get the process started.

Kathy Collums
SVP, Sarasota City Executive
NMLS# 478645
Philanthropic Outreach

As a co-founder of the Sisterhood for Good, Kathy and several other Sabal Palm ladies are bringing a new opportunity to provide hope, support and immediate impact to a local organization or program in need.

Sisterhood for Good is founded on the principle that so much more can be accomplished when passionate women come together to benefit shared causes. As strong, determined women, they engage their talents and resources to help enrich the lives of those in our community. Through their bond of friendship, shared interests and values, their collective voice can make a difference for a variety of charitable causes:
  • Women’s and children’s issues
  • Animal welfare
  • Arts and education
  • Health and safety
  • Hunger and homelessness

For information on how you can help, go to https://sisterhoodforgood.org/

Together We Care. Together We Reach Out. Together We Achieve More.™
Sisterhood For Good