Roam operates a marketplace that lists and facilitates assumable mortgages, enabling buyers to take over sellers’ lower-rate FHA/VA loans and bridge any equity gap with financing. The company was founded in September 2023 and is New York–based. Roam says it helped facilitate about $200 million of home sales for several hundred buyers in 2024 and has more than 200,000 buyers registered on its platform in the last 12 months. Roam charges buyers 1% of the purchase price; the company estimates that equates to roughly $2 million in revenue in 2024. Today Roam operates in 17 states (including AZ, CA, FL, TX, and NC) and plans to be nationwide by the end of the year, projecting $1 billion in facilitated home sales in 2025. The startup has 12 employees and says its product shortens assumable-mortgage closings from 180 days to about 45 days, with Roam covering sellers’ mortgage payments if it fails to close on time. Roam operates an assumable mortgage marketplace and has launched Roam Boost, a partnership with national lender Spring EQ that provides second‑lien loans to bridge down‑payment gaps. Roam Boost targets buyers with credit scores of at least 640 and down payments of at least 15%, enabling blended rates Roam estimates in the 4–5% range versus new first‑mortgage rates around 7.5%. The service aims to make assumable mortgages accessible to roughly 50% of prospective buyers by covering shortfalls between the assumable balance and required closing funds. Roam says it now services 35% of homes with FHA and VA loans and has expanded into Tucson, Jacksonville, and Chicago, with a goal of national presence by year‑end. The company added a customer guarantee to pay a homeowner’s mortgage on a prorated basis if an assumption isn’t processed within 45 days. Roam recently received a $3 million investment led by Founders Fund to support its growth initiatives. Roam operates a platform that advertises homes bundled with assumable low-rate mortgages and manages the entire mortgage assumption process on buyers' behalf. The company launched a destination where qualified buyers can find available homes with low-rate assumable mortgages. Roam states buyers can assume mortgages with rates as low as 2%, producing monthly payments less than half of a traditional mortgage at current rates. The platform handles all aspects of the assumption process to simplify purchases for buyers. Roam’s service is live in Georgia, Arizona, Colorado, Texas, and Florida, and the company plans to expand to new markets soon. The business is led by Founder & CEO Raunaq Singh.

Total raised

$16M

Funding rounds

3

Latest round

Series A

Latest activity

Apr 2025