Frequently asked questions
Buyers
What is Roam?
What is an assumable mortgage?
How do I qualify for an assumable mortgage?
How do I search for and find homes with assumable mortgages?
Why is an assumable mortgage valuable?
Why do buyers use Roam?
How much does Roam cost?
Do I have to pay a down payment?
How does Roam help to cover all the equity in the seller’s home?
What types of mortgages are assumable through Roam?
Sellers
What is Roam?
Why sell with Roam?
How do I know if my mortgage is assumable, and who is qualified to sell with Roam?
How much does Roam cost?
How does Roam help to cover all the equity in my home?
How does the mortgage assumption process affect my credit score?
Will I still be associated with the mortgage after the assumption?
How will Roam work with my listing agent?
How do I find a buyer who qualifies for my loan?
If I have a VA loan and someone assumes it, can I get another VA loan?
Agents
What is Roam?
Why do agents use Roam?
How does Roam make money?
How are assumptions different from a conventional mortgage-financed transaction?
What homes are available for assumption?
Does the seller have any liability in a sale that includes a mortgage assumption?
Do you work with all servicers?
Do you work with all second mortgage partners?