HomeUSARoam Raises $1.25M in Seed Funding

Roam Raises $1.25M in Seed Funding



Roam, a New York based real-estate company, raised $1.25m in seed funding.

Keith Rabois at Founders Fund led the seed round with additional investment from Eric Wu (Opendoor co-founder), Ryan Johnson (Culdesac CEO), and #ANGELS Founding Partner Jana Messerschmidt. The company welcomes Tim Mayopoulos, former CEO of Fannie Mae, as a senior advisor. Eric Wu and Keith Rabois joined the board, bringing more than 40 years of real estate experience to the team.

Led by Raunaq Singh, Founder & CEO, Roam has officially launched a platform for purchasing a home with an assumable low-rate mortgage included. The system helps buyers purchase a home with a mortgage as low as 2%, resulting in a monthly payment that is less than half of a traditional mortgage at today’s current rates.

Roam advertises their listing to qualified buyers through the website. For buyers, the destination enables them to find available homes with low-rate assumable mortgages and manages all aspects of the assumption process on their behalf.

The service is currently available in GA, AZ, CO, TX, and FL and will expand to new markets soon.