Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 8 months ago on . Most recent reply

User Stats

235
Posts
126
Votes
Ali Nichols
  • Investor
126
Votes |
235
Posts

Has anyone tried out Roam (Assumable mortgage startup)

Ali Nichols
  • Investor
Posted

Has anyone used or had a conversation with Roam (withroam.com). Interesting concept on the assumable mortgage front. I'd be curious about your experience. 

Most Popular Reply

User Stats

2,894
Posts
2,330
Votes
Caroline Gerardo
  • Lender
  • Laguna Niguel, CA
2,330
Votes |
2,894
Posts
Caroline Gerardo
  • Lender
  • Laguna Niguel, CA
Replied

#CFBP will surely be fining this app in time. There are CFBP posters on BP even.

It's illegal to advertise mortgage rates without a license any state. Advertisement from website - no APR no NMLS licenses. The app cannot guarantee a consumer is going to get this low rate. #scam

The app has zero secret sauce as to what property has an assumable loan, they just look for any prior VA or FHA mortgage recorded which doesn't mean seller will cooperate. With buyer side commissions attacked - legal cases: Burnett, Moehrl and Nosalek I don't see how a selling agent is going to give away commissions to an out of state Realtor.

If any serious person wants a list of properties with VA or FHA assumable loans in a city or location, I'll give them to you for FREE. This information is public records. No guarantee the seller will take your offer, no guarantee you can qualify for the assumption. Don't burn hundred dollar bills.

Loading replies...