How Monarch Realty Partners and Roam Are Making Homeownership More Affordable in Today’s Market
With mortgage rates hovering above 7%, home affordability has reached a 40-year low. Millions of potential buyers are feeling priced out of the market, unable to move forward with a traditional loan. That’s why Monarch Realty Partners is proud to partner with Roam—an innovative platform that helps buyers take advantage of assumable mortgages and reduce their down payment with a second loan solution known as Roam Boost.
What Is an Assumable Mortgage and Why Does It Matter?
An assumable mortgage allows a homebuyer to take over, or “assume,” the seller’s existing mortgage terms, including the interest rate. This is especially valuable in today’s high-rate environment, as many existing government-backed loans (such as FHA and VA loans) carry rates around 2–3%. By assuming these loans, buyers can avoid the full impact of today’s elevated rates and potentially save thousands of dollars annually in mortgage payments.
The Challenge: Down Payments Can Still Be a Barrier
While assumable mortgages offer significant savings, they come with a catch: the buyer must cover the difference between the purchase price of the home and the remaining balance of the seller’s mortgage. This often means a large upfront down payment—an obstacle for many qualified buyers.
Introducing Roam Boost: A Smarter Second Mortgage Option
Roam Boost is a second mortgage product with interest rates from 6–8% that helps bridge the gap between the home’s purchase price and the assumable mortgage balance. This reduces the required down payment to as little as 5%, making it lower than the average required for a conventional mortgage. This opens the door to assumable mortgage opportunities for more buyers, especially those looking for creative financing options.
Real-World Example
Let’s say you’re interested in purchasing a $400,000 home with an existing assumable mortgage balance of $320,000. Traditionally, you’d need to bring $80,000 in cash to the table. With Roam Boost, you can cover that gap through a second mortgage, allowing you to move forward with as little as 5% down and a blended mortgage rate around 4.3%. That could mean savings of over $500 per month compared to a new conventional mortgage at 7.5%.
Fast Closings, Real Savings
More than 300,000 buyers have already explored assumable mortgage listings through Roam. Many of them are closing in as little as 45 days and saving over $15,000 per year on average. Roam Boost empowers buyers to act quickly, confidently, and affordably—especially in competitive markets where every dollar counts.
Monarch Realty Partners Can Help You Navigate the Process
At Monarch Realty Partners, we specialize in helping buyers understand creative financing strategies, including how to identify homes with assumable loans and leverage Roam Boost effectively. Our team is here to help you evaluate your options, run the numbers, and make sure you’re making a smart investment—whether you’re a first-time buyer or looking for a more affordable way to upsize.
If you're ready to explore how an assumable mortgage and Roam Boost can work for you, contact Monarch Realty Partners today. Let us help you unlock more buying power, reduce your monthly payments, and find the right home—even in today’s challenging real estate market.
