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. This gift is to be applied toward the purchase of the property located at: (Property Address). 3).A down payment gift letter - If your lender has a template letter for this purpose, you will need to send it to the funds' donor. A short letter like this sample gift letter will cover all of the requirements your lender needs. Filling out a gift letter in OP's case would actually be mortgage fraud. Upvote So what's the gift letter? Using gift funds for down payment require a mortgage gift letter template.

Gift Letter Form With Bank In Palm Beach

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