Lenders generally provide a boilerplate mortgage gift letter template for you to use. Below is a typical gift letter template you can share with donors.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. A short letter like this sample gift letter will cover all of the requirements your lender needs. You'll need a gift letter for mortgage to verify that the gift is bona fide and comes with no strings attached. Pin down the specifics of the property in question. Clearly state the property's address, ensuring there's no ambiguity about where the gift funds are intended. As a general rule, lenders will want you to explain any gift you receive that's over half the value of your total household monthly income. 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. If someone provides a handwritten letter it is filed away, but does not take the place of the official gift letter form.