So what's the gift letter? The letter must explain who is gifting the money, where the donor's funds are coming from and the relationship between the donor and the recipient.MiamiDade County income limit chart. This gift is to be applied toward the purchase of the property located at: (Property Address). 3). Yes, this is normal. We bought our first house just before we got married. In addition to Gift Letter, a Commitment Approval Letter must also be executed at closing, See Distribution list in Guide. Describe the gift and state the monetary value of the gift, the name and address of the person making the gift, and the dates the gifts were received. A mortgage gift letter is a statement that assures your lender the money that came into your account is a gift and not a loan. Are you borrowing money from your parents for your home purchase down payment?