Roam Introduces 2nd Mortgage Program to Reduce Down Payments and Enable 50% of Americans to Access a Home With a 2% Mortgage [Yahoo! Finance]
DoorDash, Inc. (DASH)
Company Research
Source: Yahoo! Finance
NEW YORK, May 09, 2024 BUSINESS WIRE Roam , the platform for making homeownership 2x more affordable through assumable mortgages, has introduced Roam Boost to make mortgage assumptions accessible to millions of more Americans. With the typical Roam buyer saving $12,000 per year compared to buying a home with a conventional mortgage, and closing in only 45-60 days, purchasing a home with an assumption has never been easier. But, one issue has been holding hopeful homebuyers back – finding the cash for the down payment. Today, Roam launches Roam Boost to enable millions of hopeful homebuyers to get a mortgage as low as 2% while lowering the down payment requirement to just 15%. Roam Boost gives buyers the option to add a second mortgage through a partnership with lender Spring EQ, helping buyers achieve a blended rate typically between 4-5%. According to the NAR, which tracks median homebuyer down payments, Roam Boost now puts the assumable mortgage opportunity within reach of 50%
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DASH
Earnings
- 5/1/24 - Beat
DASH
Sec Filings
- 5/15/24 - Form 4
- 5/15/24 - Form 4
- 5/13/24 - Form 144
- DASH's page on the SEC website