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. A gift letter is a note from a donor to your lender regarding cash funds for your mortgage down payment.Gift Letter For Mortgage Template. Your lender might give you a template to follow if you tell them you're using a gift for your down payment. 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. Most lenders have a template for mortgage gift letters that you can download, fill out, sign and submit back to the lender. A gift letter is a way for lenders to verify that the person giving you money for a mortgage isn't involved in the home purchase. Office closures Our Los Angeles and Santa Ana offices are currently closed. Home mortgage interest limited. Refund of overpaid interest.