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Fintech Startup Roam Bets on Assumable Mortgages

Roam, a startup specializing in assumable mortgages—loans that home sellers can transfer to the buyer—has opened its doors. So reports The Real Deal.

roamHeaded by former Opendoor employee Raunaq Singh, the company has $1.25 million in seed funding from Opendoor co-founder Eric Wu and venture capital firm Founders Fund.

Assumable loans, which could allow buyers to access a 3% mortgage rate, have seen their appeal rise along with rates.

Read the full article from The Real Deal.

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