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. 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. Here's a sample gift letter you can use to prove that the money is truly meant as an outright gift, with no expectation of repayment. A mortgage gift letter is a document that helps satisfy the requirement that a borrower's down payment funds come from legitimate sources. Your lender may provide you with a gift letter template to make the process easier. It states how much you're getting and from whom. Edit, sign, and share gift letter for mortgage online. No need to install software, just go to DocHub, and sign up instantly and for free. In the letter, the donors must specify that the money is a gift.