Roam, a promising proptech startup, just changed the game. On April 2, 2025, the company announced it secured $11.5 million in Series A funding, with venture capitalist Keith Rabois leading the round. Rabois, a general partner at Khosla Ventures, boldly stated, “Roam represents the future of the housing market.”
With this funding, Roam plans to supercharge its expansion efforts, refine its technology, and challenge the outdated systems that dominate home financing and ownership. The announcement signals more than just capital infusion—it sets the tone for disruption in one of the world’s most stagnant sectors.
What Is Roam?
Roam doesn’t just sell homes. It reinvents how people buy and afford them. The startup offers a marketplace that connects homebuyers with assumable mortgages—those rare, often overlooked gems from past eras of low interest rates.
Here’s the twist: Roam doesn’t rely on new financing from banks. Instead, it matches buyers with existing low-interest loans that current homeowners already possess. The buyer, with the seller’s approval, can take over that mortgage.
This concept isn’t new. The mortgage industry has permitted assumable loans for years, particularly through FHA and VA loans. But until Roam entered the scene, no one capitalized on the potential. Roam digitized the process, scaled the network, and turned it into a full-blown ecosystem.
Why It Matters Now
Roam’s model arrives at a time when homeownership feels out of reach for many. After interest rates surged post-2022, millions of people got locked out of the market. Monthly mortgage payments ballooned. Inventory shrank. Meanwhile, millions of homeowners clung to their ultra-low mortgage rates from earlier years and refused to sell.
Roam identified this gap. Instead of persuading people to enter today’s high-rate world, the company helped them inherit yesterday’s low-rate deals.
For instance, a homebuyer today might face a 7% mortgage rate. But through Roam, that same buyer could assume a 3% rate locked in back in 2021—cutting thousands in yearly payments.
Roam effectively built a bridge across a broken real estate environment.
Keith Rabois and Khosla Ventures See the Vision
Keith Rabois didn’t hesitate to back Roam. A founding team member at PayPal and former executive at Square and LinkedIn, Rabois knows a game-changing model when he sees one. With Khosla Ventures behind him, he helped Roam attract major attention in the VC community.
In a statement, Rabois said, “Roam unlocks liquidity in a trapped housing market. The team understands both tech scalability and financial pain points. This isn’t just a startup—it’s infrastructure for a new generation of homebuyers.”
He didn’t just lead the round—he championed the product, praising Roam’s clean user experience, lightning-fast onboarding, and sharp legal automation that cuts weeks off a typical mortgage process.
What the $11.5 Million Will Fund
Roam already operates in several key U.S. markets, including Texas, Arizona, and Florida. With this new funding, the company plans to expand aggressively into California, New York, and Illinois. These states carry high real estate friction, but also the biggest opportunities for mortgage assumption due to the volume of legacy loans.
The team plans to:
- Hire top talent across engineering, legal, and operations.
- Invest in AI tools that match buyers and sellers faster.
- Educate the public about assumable mortgages through a new national awareness campaign.
- Strengthen partnerships with lenders and brokers who handle legacy loans.
Co-founder and CEO Raunaq Singh emphasized the mission clearly: “We don’t want to just fix buying. We want to reinvent the concept of a mortgage marketplace.”
The Team Behind Roam
Roam’s leadership team brings a unique blend of experience. CEO Raunaq Singh previously worked at Opendoor, where he tackled liquidity issues in real estate head-on. His co-founders come from Stripe, Robinhood, and Blend—all companies that specialize in financial technology and user-centric product design.
This DNA reflects in Roam’s product. The app walks users through every step, from finding assumable listings to processing legal paperwork. It also verifies eligibility through streamlined integrations with the FHA and VA databases.
Real-World Impact
Users already feel the impact. Take, for example, Emily, a teacher from Austin. In January 2025, she struggled to afford a new home due to 6.75% interest rates. Through Roam, she found a seller with a 2.8% FHA loan. The seller wanted to move closer to family but didn’t want to lose the financial value of their low-rate mortgage.
Roam facilitated the entire process in under 21 days. Emily saved over $600 per month, and the seller received fair value through Roam’s trusted escrow system.
“These homes existed,” Emily said. “But I didn’t know how to access them. Roam gave me a path I never thought possible.”
The Future of Home Financing?
Industry analysts agree—Roam tapped into something transformative. While large platforms like Zillow and Redfin focus on listings, Roam goes deeper. It looks at the financial DNA of a deal.
By giving buyers access to low-interest legacy mortgages, Roam introduces a third path between renting and full-priced buying. It also helps sellers unlock liquidity in frozen markets, where few want to list due to high mortgage turnover costs.
Moreover, Roam has the potential to ease the housing crisis by enabling better mobility. Families can move again. Markets can flow again.
Competitors Take Notice
Roam’s success didn’t go unnoticed. Other proptech startups have started exploring the assumption model. But Roam holds a first-mover advantage. Its early partnerships with lenders, compliance experts, and federal agencies give it a credibility moat that others will struggle to match.
Plus, with Keith Rabois now tied to its cap table, Roam gains a network of connections few startups can access.
Final Thoughts
Roam’s $11.5 million Series A round signals more than just an investment. It reflects a shift in how people approach housing, finance, and real estate innovation. With a bold vision, the right timing, and a problem-solving mindset, Roam now sits at the forefront of real estate disruption.
As interest rates fluctuate, affordability continues to challenge millions. But Roam doesn’t wait for macro conditions to change. It changes the model instead.
And if Keith Rabois proves right, Roam won’t just ride the wave of change—it will drive it.