Gift Letter Template For Down Payment. The donor's name, address, phone number, and their relationship to you. Address of property being purchased we, the undersigned purchaser (receiver of gift) and donor (giver of gift), hereby certify:
There's a specific process for writing the letter and documenting the gift. The date of the gift / donation. Without one, your mortgage lender will consider the amount of another loan and likely deny your application.
Sample gift letter for use when taking out a home loan.
The loan officer usually provides a template gift letter for the borrower to provide to the donor. Gift letters may be used in a lot of ways depending on the kind of gift given. In addition to the gift letter, you need proof that the money came from the donor or donor’s account. No part of the gifted funds are being provided by a third.