Download a gift letter for a mortgage. You can use gifted funds to make a down payment, but your mortgage lender will want to know some details before they allow you to use it.This receipt is issued to individuals who have donated cash or payment, personal property, or a vehicle and seek to claim the donation as a tax deduction. I am providing (borrower's name), my (relationship), with a gift of (amount of the gift) toward the purchase of their home. Use this online template to add donations through your website. A mortgage gift letter is a document that helps satisfy the requirement that a borrower's down payment funds come from legitimate sources. Explore Agreement florida Donation Forms and find the form that suits your needs. Cash gifts from others can be used toward a down payment or home purchase. The best way to clear up these questions is with a down payment gift letter.