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 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.The person who gave you the money must write and sign the gift letter as well as provide their personal information. Gift funds are an excellent option for Consumers who are short of the funds needed to purchase a home. Most loan programs allow for the use of gift funds. 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. Your mortgage gift letter or others need to include all the basic information so that you don't have to face any problems in the future. The lender will need a "gift letter" from the donor to make sure your down payment help has no strings attached. In addition, you'll need to include documentation verifying the donor's financial ability to provide the gift. What should the gift letter include?