You'll need to provide a gift letter and supporting documents consistent with the gift letter rules of other loan programs. A couple signing documents for a mortgage application, which includes a gift letter.Download Virginia Gift Letter for Mortgage Template template, modify and send for signing using BoloForms Signature. Download the following gift letter template. Then, complete, e-sign, and send it to the lender. A gift letter for a mortgage shows your lender that you don't need to repay gift money toward your down payment. A gift letter is a note from a donor to your lender regarding cash funds for your mortgage down payment. 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. When you use gift funds, you have to provide a gift letter that proves the funds are not a loan to be repaid.

Gift Funds Letter Example In Virginia

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