Khosla’s Keith Rabois leads $11.5M Series A for startup Roam, calls it ‘the future of the housing market’

During the COVID-19 pandemic, mortgage interest rates dropped to historic lows — as low as 2.5%. Fast-forward a few years and rates soared — to highs nearing 8% in 2023, with the national average 30-year fixed mortgage APR as of April 1 still at 6.84%. The whiplash has left many people seeking to buy homes shut out of the market. But what if there was a way to still get the interest rates of years past? With assumable mortgages, there might be. An assumable mortgage is one where an outstanding loan is transferable to the buyer. Enter Roam, a New York-based startup with the mission of providing access to “thousands” of homes with assumable mortgages across the country. CEO Raunaq Singh — who worked in product for three years at Opendoor — founded Roam in September 2023. Roam helped facilitate $200 million worth of home sales for “several hundred” buyers in 2024. And more than 200,000 buyers have registered on its platform in the last 12 months. While Singh did not disclose hard rev ... Read full article.