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.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. 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. 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. Download the following gift letter template. Then, complete, e-sign, and send it to the lender. As noted earlier, your bank should provide a gift letter template for you to complete. Or, click here for a PDF you can fill out online.

Gift Letter Sample For Mortgage In Virginia

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