When someone offers to help you make a down payment on a house, your lender will require a gift letter for a mortgage. Here's what it includes.If you go through a bank they will provide the gift letter form to you to get completed. If someone provides a handwritten letter it is filed away. How much money do you need to receive before a gift letter is necessary? A gift letter is a piece of legal, written correspondence explicitly stating that money received isn't expected to be repaid. A gift letter is a note from the donor that says you don't have to repay the money. You can get information about your property tax benefits, including: Application status, Current benefit amounts, Proposed benefit for the upcoming tax year. Check out our page featuring all of our branches and ATMs. Choose from any of our 15 locations, and search for various fee-free ATM options.