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.How much money do you need to receive before a gift letter is necessary? A medical spenddown is a costsharing approach that allows Medical Assistance (MA) eligibility for people whose income is greater than the applicable limit. A gift letter is a note from a donor to your lender regarding cash funds for your mortgage down payment. Filing and paying your taxes late costs you money. Use the following information to avoid costly penalties and interest. Filing and paying your taxes late costs you money. Use the following information to avoid costly penalties and interest. Olive School Superintendent Robert Zywicki throws out the first pitch as Mt. Olive High unveiled their new baseball complex on April 27, 2022.