By pairing Roam's assumption infrastructure with Opendoor's marketplace experience, we can help sellers get more for their home sale and help buyers access low-rate financing. This allows consumers to move with confidence regardless of the rate cycle. According to the release, with this integration, Opendoor will identify homes with assumable mortgages and surface Roam as a pathway for qualified sellers to pursue a higher sales price.
Homebuyers are increasingly using assumable mortgages to bypass high interest rates, allowing them to take over existing loans that may be at much lower rates, significantly enhancing affordability.