349 Grenada St, Port Charlotte, FL 33948
2 beds · 3 baths · 1,384 sqft
Charming 2-Bedroom, 3-Bathroom Home with Heated Pool and Two Primary Suites Nestled in a peaceful neighborhood, this delightful home offers the perfect blend of comfort and convenience. Featuring two spacious primary suites, each with its own private bath, this property ensures privacy and relaxation. The home also includes a dedicated pool bath, making it ideal for entertaining and enjoying the heated pool and large covered lanai area — perfect for grilling, relaxing, or sipping your favorite beverage. The home boasts several recent upgrades, including a brand-new roof (2024), new hot water heater, and a hurricane-rated garage door with a new opener for added peace of mind. No HOA's or CDD fees. Located just minutes from restaurants, shopping, schools, hospitals, golf courses, and beaches, this home offers the best of both worlds: tranquility in a quiet neighborhood with easy access to everything you need.
Source: STELLAR #C7504938
Financials
Source: STELLAR #C7504938
Source: Public records
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50%. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Other resourcesWhat is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.