Overview

Roam Home helps homebuyers secure affordable mortgages with interest rates as low as 2%. The company focuses on individuals eligible for FHA or VA loans, which often allow for assumable mortgages. These are loans that a new buyer can take over from the seller, usually at a lower interest rate than what is currently available. Roam simplifies the process of assuming these low-rate mortgages, charging a fee of 1% of the purchase price, which is added to the closing costs. This approach can significantly lower monthly mortgage payments, sometimes by over $1,650 for a $500,000 mortgage. Roam's services are particularly beneficial in markets like Atlanta, where housing affordability is a major concern. By managing the complexities of mortgage assumptions, including communication with mortgage servicers, Roam makes homeownership more accessible and less stressful for buyers.

Simplify's Take

What believers are saying

• Roam secured $11.5M Series A funding, indicating strong investor confidence.
• Expansion into new markets like Tucson and Chicago increases Roam's growth potential.
• Roam Boost program attracts a broader customer base with blended mortgage rates of 4-5%.

What critics are saying

• Rising interest rates may narrow the gap between assumable and new mortgage rates.
• Expansion into new markets could strain resources and affect service quality.
• Reliance on FHA and VA loans exposes Roam to potential policy changes.

What makes Roam Home unique

• Roam offers assumable mortgages, a unique solution in a high-interest rate market.
• The company simplifies mortgage assumptions, reducing monthly payments by up to 50%.
• Roam's partnership with Spring EQ reduces down payment requirements, enhancing affordability.

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Funding

Total Funding

$15.8M

Below

Industry Average

Funded Over

2 Rounds

Notable Investors:

Founders Fund

Notable Investors:

Founders Fund

$11,500,000

Series A

Apr 2025

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Below Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$8.2M

$11.5M

$15M

$30M

View all funding stages