Full-Time
Posted on 1/13/2026
Facilitates assumable, low-rate mortgages for homebuyers
$150k - $200k/yr
New York, NY, USA
In Person
Roam helps homebuyers access lower mortgage payments by enabling the assumption of existing low-rate loans, especially FHA- and VA-backed mortgages. Buyers can take over a seller’s loan at rates as low as 2%, which can cut monthly payments significantly (examples show savings of over $1,600 per month on a $500,000 loan). Roam simplifies the process by handling the mortgage assumption steps and interactions with the loan servicer, making it easier for buyers to qualify and complete the transfer. The company charges a 1% fee of the purchase price, collected at closing, as its revenue. Because it focuses on assumable mortgages and streamlines the service, Roam differentiates itself from traditional lenders by targeting affordability through existing low-rate loans and guiding buyers through the typically complex steps of assuming a loan. Overall, Roam’s goal is to make homeownership more affordable by helping buyers secure better mortgage terms through assumable loans.
Company Size
11-50
Company Stage
Series A
Total Funding
$15.8M
Headquarters
New York City, New York
Founded
2023
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Roam announces partnership with Opendoor to expand access to assumable mortgages. - Collaboration will bring Roam's assumable mortgages infrastructure to Opendoor's national home marketplace - NEW YORK, Nov. 7, 2025 /PRNewswire/ - Roam, the platform enabling homebuyers to purchase homes with assumable low-rate mortgages, today announced a partnership with Opendoor Technologies, Inc. ("Opendoor"), a leading e-commerce platform for residential real estate transactions. The collaboration will introduce Roam's assumable mortgage tools and transaction support to buyers shopping homes on Opendoor's platform, expanding access to seller's existing 2 - 3% mortgage rates where eligible. With the majority of U.S. homeowners locked into historically low mortgage rates, the partnership reinforces both companies' commitment to improving affordability, mobility, and choice for consumers in a high-rate environment. The partnership also reflects deep continuity in housing innovation: Roam's founder, Raunaq Singh, previously led the mortgage product at Opendoor. Roam is backed by Opendoor's Co-Founders and Board Members Eric Wu and Keith Rabois, alongside other industry leaders. The collaboration brings together the team that helped pioneer modern, tech-enabled transactions in residential real estate and the company now advancing the next major unlock in housing mobility, access to assumable low-rate mortgages. "Opendoor completely reimagined the way that consumers buy and sell homes," shared Singh, Founder and Chief Executive Officer of Roam. "By pairing Roam's assumption infrastructure with Opendoor's marketplace experience, we can help sellers get more for their home sale and help buyers access low-rate financing. This allows consumers to move with confidence - regardless of the rate cycle." Through the partnership, Opendoor will identify eligible homes with assumable mortgages and surface Roam as a pathway for qualified sellers to pursue a higher sales price and a faster timeline. The companies will begin with eligibility coordination, education, and agent enablement, with opportunities to deepen the integration over time. Assumable loans allow sellers to widen the buyer pool and generate more inquiries for their home while enabling buyers to step into sellers' existing mortgages. This often reduces monthly payments by up to half versus new financing at today's higher rates. Roam provides the technology, lender coordination, and transaction support to make the assumption process seamless for buyers, sellers, agents, and lenders. "At Roam, we believe assumables will play a critical role in restoring liquidity and affordability to the housing market," Singh added. "We're excited to collaborate with Opendoor to bring this option to more buyers nationwide." Roam is backed by investors including Wu, Rabois, Brendan Wallace, Founders Fund, Khosla Ventures, and more. To date, Roam has facilitated more than $500M in home sales and delivered more than $125M in interest savings to buyers. About Roam Roam is the platform powering home financing for the future, enabling buyers to purchase homes with assumable low-rate mortgages. By allowing buyers to take over seller's 2 - 3% loans, Roam makes homeownership up to twice as affordable and restores mobility to the U.S. housing market. Founded in 2023 and based in New York, Roam has facilitated more than $500 million in home sales and helped buyers save more than $125 million in interest costs. Learn more at withroam.com. About Opendoor Opendoor is a leading e-commerce platform for residential real estate transactions whose mission is to power life's progress, one move at a time. Since 2014, Opendoor has provided people across the U.S. with a simple and certain way to sell and buy a home. Opendoor is a team of problem solvers, innovators, and operators who are leading the future of real estate. Opendoor currently operates in markets nationwide. For more information, please visit www.opendoor.com. View original content to download multimedia:https://www.prnewswire.com/news-releases/roam-announces-partnership-with-opendoor-to-expand-access-to-assumable-mortgages-302608757.html SOURCE Roam
During the COVID-19 pandemic, mortgage interest rates dropped to historic lows -- as low as 2.5%. Fast-forward a few years and rates soared -- to highs
Roam secures $11.5M Series A to revolutionize housing market.
Roam, a NYC-based platform for assumable mortgages, secured an additional $3M in funding led by Founders Fund and Keith Rabois. New investors include Tony Xu, Dylan Field, Paul Gu, and Gokul Rajaram. The funds will be used to expand operations and development efforts. Roam has also grown its market presence to include Tucson, AZ, Jacksonville, FL, and Chicago, IL, adding to over a dozen existing markets.