What financial documents do I need to buy a home?

Gather your financial documents early so you are ready to move quickly when you find the right Opendoor home. The exact paperwork depends on whether you are financing with a loan or paying cash.

If you are financing with a mortgage

Your lender will need the following documents to process your loan:

1. Pay stubs — typically the two most recent pay stubs showing year-to-date earnings.
2. Tax returns — usually the last two years of federal tax returns, including all schedules.
3. Bank statements — the last two to three months of statements for all accounts you plan to use for your down payment and closing costs.
4. Employment verification — your lender may contact your employer directly, or ask for a written verification letter.
5. Government-issued ID — a valid driver's license, state ID, or passport.

Tip: Self-employed buyers should also prepare profit-and-loss statements and business tax returns. Lenders often require additional documentation when income is not from a traditional employer.

About the pre-approval letter

Your mortgage lender will provide you with a pre-approval letter after reviewing your finances. This letter confirms how much you are approved to borrow and allows you to make an offer on a home. Having your pre-approval letter ready before you begin your home search will help you move quickly when you find the right property.

Additional documents your lender may request

• W-2 forms from the last two years
• Divorce decree or child support documentation (if applicable)
• Gift letter (if a family member is contributing to your down payment)
• Explanation letters for large deposits or credit inquiries

If you are paying cash

Cash buyers have a shorter document list, but you will still need to provide:

1. Proof of funds — a recent bank or investment account statement showing you have enough liquid funds to cover the purchase price and closing costs.
2. Government-issued ID — a valid driver's license, state ID, or passport.

Note: Proof of funds must be dated within 30 days of your offer submission. A screenshot or letter from your bank confirming your balance is typically accepted.

When to have documents ready

• Before touring: Not required, but having pre-approval done helps you know your budget.
• When submitting an offer: You will need your pre-approval letter (financing) or proof of funds (cash) at this stage.
• After offer acceptance: Your lender will request the full set of documents listed above to finalize your loan.