withroam.com – "Your new home, made affordable"

[Account Closed]

A friend of mine sent me this website recently, and told me to look into it.

But as good as it sounds, I have been trying to find the caveat. It all sounds too good to be true, so I am wondering if anyone else has explored "Roam"?

"Roam buyers save up to 50% on monthly mortgage payments compared to those who buy a home with a traditional mortgage at current rates." is what the company keeps on pushing out from a PR front, but it just sounds suspicious to me. Thoughts?

[Paul Stout]

All VA and FHA loans are assumable. They have no due on sale clause. Roam simply helps people find homes that have these types of loans. They charge 1% in the form of a closing cost to the buyer. There has been a lot of press around assumable mortgages recently given how high rates are.