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. The purpose of this letter is to document that the money does not need to be repaid as well as the donor's name, contract information, and relationship to you. Mortgage Gift letter is what the donor of the gift writes to the lender stating that he has offered a gift of money to the home buyer. In most cases, documentation in the form of a gift letter will be required. While it's possible that no one claims on it, it's best to prepare for any legal issues in the future. Sign the Gift Letter: You'll receive a template letter stating there's no expectation of repayment. If the vehicle transfer qualifies as a bona fide gift, this form must be completed and submitted with the properly assigned Maryland title. Keep in mind, the amount of the transfer must match what's stated in the gift letter.