Roam
- Company typePrivate
- Founded2023
- HeadquartersCohoes, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
Roam firmographics
Firmographics- Name
- Roam
- Legal name
- Roam Home, Inc.
- Website
- https://withroam.com
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Roam industry classification
Industry- Product category
- Real Estate Brokerage Services
- NAICS
- Offices of Real Estate Agents and Brokers (5312), Offices of Real Estate Agents and Brokers (53121)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Loan Brokers (6163)
- akta.pro primary industry
- Buyer Representation Services (BPAJAAAJ)
Keywords
Where Roam is headquartered
LocationHeadquarters
- HQ city
- Cohoes
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Roam business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Buyer Service Fee: Roam charges buyers a 1% fee of the purchase price at closing. Sellers pay no fee to Roam. This is the primary revenue stream.
- Secondary Mortgage / Gap Financing: Roam offers second mortgage products through servicer partners to help buyers cover the down payment (equity gap), creating additional revenue through the financing arrangement.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Multi-year contract | 1% Buyer Service Fee |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Roam product offering
Product offeringCore offering
Roam is a licensed real estate brokerage and two-sided marketplace that helps homebuyers take over existing low-interest rate FHA, VA, and USDA mortgages from sellers, while helping those sellers monetize their favorable loan terms to achieve above-market sale prices. The platform combines an assumable mortgage search tool, a Proof of Assumption Eligibility letter, integrated second-mortgage gap financing with blended rate calculators, and dedicated Roam Agents who coordinate the assumption and closing end-to-end. Buyers pay a 1% service fee at closing; sellers receive brokerage and marketing services free of charge.
Product overview
Roam operates as a unified digital platform for assumable mortgages, consisting of a core marketplace connecting buyers and sellers, supplemented by buyer and seller service modules. The Roam Platform serves as the central hub where homebuyers browse properties with assumable low-rate mortgages, while Roam Buyer Services and Roam Seller Services provide dedicated support for each side of the transaction. The Roam Boost Program enhances accessibility by offering reduced down payments, and partnerships like the one with Opendoor extend Roam's reach by integrating into other real estate platforms. All services are free for sellers (who pay only their agent) while buyers pay a 1% service fee at closing.
Differentiator
Problem solved
Functional benefit
Brands
- Roam Boost: A program designed to make assumable mortgages more accessible, allowing buyers to purchase homes with low mortgage rates (as low as 2%) and reduced down payments.
Products and services
- Roam Platform Digital marketplace connecting homebuyers to U.S. listings featuring assumable low-rate FHA and VA mortgages, with property search, low-rate discovery, and a nationwide agent network facilitating assumption transactions.
- Roam Buyer Services End-to-end home buying support for homebuyers assuming low-rate mortgages: property search with low-rate filters, pre-qualification, Proof of Assumption Eligibility letter, offer submission, loan assumption processing, gap financing via second mortgage, and closing coordination with a Roam Agent handling paperwork.
- Roam Seller Services Home selling service for owners of low-rate FHA/VA mortgages: a free Roam Agent, low-rate marketing materials (open house flyers, enhanced photos, lawn signs), loan transfer coordination at closing, and full release of seller liability.
- Roam Boost Program Program designed to make assumable mortgages more accessible, enabling buyers to purchase homes with mortgage rates as low as 2% and reduced down payments, while expanding Roam's geographic reach across new U.S. markets.
Quantifiable outcome
- Buyers save $95K-$118K over loan life compared to traditional 7% mortgages
- +4 more outcomes
Companies that use Roam
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
Roam technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Roam partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and minor.
- OpendoorcoreRoam announced a partnership with Opendoor Technologies to integrate Roam's assumable mortgage infrastructure into Opendoor's residential real estate platform. The collaboration aims to improve home affordability and mobility by enabling homebuyers to assume existing low-rate mortgages through Opendoor's platform, expanding Roam's distribution reach.
- CasagominorCasago, a franchise-based vacation rental management company, partnered with Roam to offer flexible cancellation policies while protecting homeowner income. Roam automatically covers nights that do not rebook after a guest cancellation. Roam created custom products and pricing for Casago's scale, treating flexibility as a growth lever. Note: This partnership may involve a different Roam entity (revenue protection platform).
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Roam competitors and assessment
Company assessmentDirect peers
- Flyhomes: Flyhomes is a residential real estate platform offering cash offers, buy-before-you-sell, and brokerage services. It competes with Roam in providing alternative financing and transaction solutions to address housing affordability for U.S. consumers.
- Ribbon: Ribbon provides cash offers and home trade-in services to residential buyers, addressing the same affordability and timing pain points as Roam. Both companies are residential real estate fintech platforms focused on removing transaction friction for buyers and sellers.
- Knock: Knock is a home trade-in platform that helps homeowners buy before they sell, similar to Roam's mission of removing friction from residential real estate transactions. Both target affordability and mobility challenges for U.S. homebuyers through innovative financing solutions.
- Homeward: Homeward is a residential real estate platform that enables buyers to make competitive all-cash offers and buy before selling. Like Roam, it targets affordability and mobility friction in the U.S. housing market through technology-enabled solutions.
- Opendoor: Opendoor is a leading iBuying platform that buys and resells homes directly. Roam is both a partner and peer, as both target residential real estate transaction innovation; Opendoor's recent integration of Roam's assumable mortgage infrastructure makes them a direct comparable in real estate technology and transaction services.
- Offerpad: Offerpad is an iBuying platform that buys and resells homes directly, similar to Opendoor. It serves the same residential real estate transaction market as Roam and represents another technology-driven alternative to traditional brokerage models.
- Orchard: Orchard is a home trade-in platform that allows homeowners to buy their next home before selling, similar to Knock. It competes with Roam in addressing the timing and equity challenges in residential real estate transactions.
Broad incumbents
- Rocket Mortgage: Rocket Mortgage is the largest U.S. mortgage lender and a broad incumbent in residential real estate finance. It has the scale and servicer relationships to enter the assumable mortgage space, making it a key potential competitor to Roam.
- Better.com: Better.com is a large online mortgage lender and homeownership platform. While not focused exclusively on assumable mortgages, it competes in the digital mortgage and home affordability space and represents the kind of incumbent that could expand into Roam's niche.
- Redfin: Redfin is a technology-enabled residential brokerage and home buying platform. It competes with Roam in brokerage services and could expand into assumable mortgage coordination given its scale and technology investments.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Roam social profiles
Digital presenceRoam financial estimates
Financial estimateRevenue estimate
Valuation estimate
Roam leadership team
Management profileNumber of profiles
Profiles1 record
Roam subsidiaries and ownership
Company hierarchySubsidiaries1 record
Roam funding detail
Funding detailFunding overview
Funding rounds3 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Roam M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Roam
What does Roam do?
Roam is a licensed real estate brokerage and two-sided marketplace that helps homebuyers take over existing low-interest rate FHA, VA, and USDA mortgages from sellers, while helping those sellers monetize their favorable loan terms to achieve above-market sale prices. The platform combines an assumable mortgage search tool, a Proof of Assumption Eligibility letter, integrated second-mortgage gap financing with blended rate calculators, and dedicated Roam Agents who coordinate the assumption and closing end-to-end. Buyers pay a 1% service fee at closing; sellers receive brokerage and marketing services free of charge.
Is Roam a public or private company?
Roam is a private company. It is classified as venture growth investor backed and is currently operating.
When was Roam founded?
Roam was founded in 2023. It employs 1 to 10 people.
Where is Roam based?
Roam is headquartered in Cohoes, United States, in the North America region.
How does Roam make money?
Two revenue lines are on record. Buyer Service Fee is the primary driver. The others are secondary Mortgage / Gap Financing.
Who are Roam's main competitors?
Direct peers on record are Flyhomes, Ribbon, Knock, Homeward, Opendoor, Offerpad and Orchard. Broad incumbents are Rocket Mortgage, Better.com and Redfin.
Does Roam have an API?
No public API is recorded for Roam.
What industry is Roam in?
Roam's product category is Real Estate Brokerage Services. Its primary akta.pro industry code is BPAJAAAJ, Buyer Representation Services. Its NAICS code is 5312 and its SIC code is 6531.