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.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. A mortgage gift letter is a simple but essential document that assures lenders the funds you received are a gift, with no repayment expected. A short letter like this sample gift letter will cover all of the requirements your lender needs. It doesn't have to be a long letter. 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. Use these stepbystep instructions for accepting a cash downpayment gift on a home, including a readytouse mortgage gift letter template. Yes, all lenders will require a gift letter. Although you may have the funds, the lender needs to confirm that you won't have to repay the gift.