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. What should you include in a gift letter?Provide Documentation:​​ Submit the gift letter, bank statements, and transfer confirmation during the mortgage approval process. A mortgage gift letter is a document that helps satisfy the requirement that a borrower's down payment funds come from legitimate sources. The goal of a gift letter is to provide the lender with proof of where the funds came from. Mortgage Gift letter is what the donor of the gift writes to the lender stating that he has offered a gift of money to the home buyer. The letter should state that the person giving you the money is not getting something of value in return, such as an ownership stake in the property. A gift letter for a mortgage shows your lender that you don't need to repay gift money toward your down payment. To use gift funds, you must provide a gift letter proving the money is not a loan. Gift funds may not be contributed from any source that has an interest in the sale of the property (seller, builder, real estate agent, etc.).