We'll also show you how to write a gift letter with a gift letter template so you can help your donor prepare for underwriting. A gift letter should include the name and contact information of the donor and a statement that no repayment is expected.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. The goal of a gift letter is to provide the lender with proof of where the funds came from. Documentation: A gift letter is required, stating the amount of the gift, the relationship to the borrower, and that no repayment is expected. 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.

Gift Letter Example In Michigan

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