The person who gave you the money must write and sign the gift letter as well as provide their personal information. 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.LMCU will provide a form that the donor will need to complete and sign. Documentation: A gift letter is required, stating the amount of the gift, the relationship to the borrower, and that no repayment is expected. Understand what a gift letter is, why you need it for a mortgage, and how to write one effectively to get your home purchase approved. The purpose of this letter is to document that the money does not need to be repaid as well as the donor's name, contract information, and relationship to you. Yes, all lenders will require a gift letter. Although you may have the funds, the lender needs to confirm that you won't have to repay the gift. The bank account you deposit the gift into must be the same one you will use for all your closing costs. While the gift letter is the main document, your client may also need to provide additional documentation.