Our mission at Roam is to make homeownership 2x more affordable for 1 million Americans by 2030. Why does this matter? The real estate market, the largest and arguably most important asset class, is facing its largest dislocation in economic history, with home affordability reaching its lowest level in decades.
This challenge begs for bold solutions, not incremental ones. Our mission is to provide homebuyers with the most affordable option to finance the most significant purchase of their lives, their home. Our product vision is to build an Affirm like experience for every home in the country. On average, our buyers save $400k per transaction.
Roam’s initial focus is to help buyers wind back the clock on interest rates by purchasing a home with a low-rate assumable mortgage, a type of loan where the buyer can take over the mortgage terms from the seller. All government-backed loans, such as FHA and VA loans, are eligible for assumption by law, and there are millions of these loans at rates below 4%. With a low-rate assumable mortgage, buyers can save up to 50% on monthly payments compared to buying with a traditional mortgage at today’s rates.
Roam helps buyers find these homes for sale with the first-ever listing platform for homes with assumable mortgages. In addition, Roam manages all steps in the assumption process, acting as a specialized transaction coordinator to quarterback the entire process end-to-end on behalf of the buyer and seller to ensure they close on time.
Roam is leading the way in the assumable mortgage category and has generated overwhelming interest and demand from the press and consumers. We’re looking for seasoned full-stack technical ICs and leaders with strong track-records building successful products and systems. You’ll work with our team to design the technical underpinnings of Roam’s assumable mortgage products. At the same time, you’ll have plenty of opportunities to be hands-on building key systems, and will be directly responsible for the successful delivery of large-scale technical efforts as well acting as a technical mentor and leader for other engineers who will join our team in time.
We value bold, self-directed people who carry themselves with urgency. Our team has a bias for action, a need for speed, and a soft spot for those who sweat the details. To change the way we buy homes will require courage and conviction. If you have both, we hope you will send in an application to our Engineering talent network, so we can reach out once we have a relevant opportunity.
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