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. Download the following gift letter template.Then, complete, e-sign, and send it to the lender. A short letter like this sample gift letter will cover all of the requirements your lender needs. A gift letter is a note from a donor to your lender regarding cash funds for your mortgage down payment. Use these stepbystep instructions for accepting a cash downpayment gift on a home, including a readytouse mortgage gift letter template. Learn how to create a mortgage gift letter template to ensure a smooth homebuying process with your gifted funds with 6 samples. You will need to fill out paperwork to declare a beneficiary and add the person to the title and registration. Independent School District.