Frequently Asked Questions

When you finance your home purchase with Opendoor Home Loans, we’ll provide up to $1,000 towards your closing, for a limited time only. The $1,000 credit is automatically applied to your closing statement.

This amount may be prohibited or reduced on the basis of seller contributions, loan type (e.g. FHA, VA), or law. To qualify, (1) a borrower must submit a complete loan application, and (2) borrower must qualify under Opendoor Home Loans LLC’s standard underwriting criteria for an available loan product. This offer is subject to ending without prior notice, and available only for purchases of property in Arizona and Texas. This offer is void where prohibited by law. Terms are subject to change.

Opendoor Home Loans will not service your loan. We’ve enlisted the help of leading mortgage servicers to facilitate your ongoing monthly payments. All of our partners have been throughly vetted to ensure you’re getting the best customer service from day one.

When your loan transitions over to a new servicer, we’ll send out instructions on how to set up your account and start making monthly payments. Every detail regarding your loan terms—such as principal, interest rate, term, and monthly payments—will remain exactly the same. As always, if you have questions or concerns during this transition, please give us a call.