Follow the basic instructions on this sample letter to fill out the form, and be sure you understand the fine print. A couple signing documents for a mortgage application, which includes a gift letter.Demystify gift letters in NYC real estate. Understand how to document a gift from family or friends for a smoother property transaction. A short letter like this sample gift letter will cover all of the requirements your lender needs. "Streamline your mortgage process using our customizable Gift Letter for Mortgage template. A gift letter must contain the donor's name, the gift's value, confirmation that the gift is not to be repaid, and the donor's signature. A gift letter is a note from a donor to your lender regarding cash funds for your mortgage down payment. Enroll in a physical fitness or cultural arts class or take a daily walk on the trails at Norman J. Levy Park and Preserve in Merrick. Such letters state that the money received is not expected to be paid back in any way, shape, or form.