Good news: if you’re buying a home entirely with cash, you technically don’t need proof of income. Cash buyers don’t go through traditional lenders, so your salary or employment history isn’t a factor.
BUT here’s the catch:
- Title & Escrow: Even with cash, escrow and title companies may ask for proof of funds to make sure the money is legitimate. Bank statements or investment account statements usually work.
- Tax and legal compliance: Large cash transactions often trigger reporting requirements, so being ready with proof of funds keeps things smooth.
- Financing flexibility later: If you ever decide to get a mortgage later, having a clear income history will still be important.
At Trealtorr, we help cash buyers:
- Verify funds quickly
- Handle all paperwork smoothly
- Navigate grants or programs if you decide to partially finance instead
📲 Call or text us today at +1 (347) 831-6085 — whether cash or financed, we’ll help you close on your first home without stress!