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. You can use gifted funds to make a down payment, but your mortgage lender will want to know some details before they allow you to use it.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. 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 letter should state that the gift is intended to help the borrower make a down payment and that the donor has no expectation of repayment. Yes, your gift letter needs to be notarized. Also, both the donor needs to sign it to make it valid. I attest to the following facts: a. There is no expectation that the money will be paid back; and b. I attest to the following facts: a.

Gift Letter Template For Cash In Nevada

Description

Related forms

Show more info

Form Rating

Form popularity

More info

Trusted and secure by over 3 million people of the world’s leading companies