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 down payment gift letter simply states that the donor does not expect any form of repayment.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. It states how much you're getting and from whom. A gift letter for a mortgage is proof to the lender that money you've been given for your home purchase is a gift, not a loan to be repaid. If the buyer receives the gift funds, they should be placed in the same bank account that will be used to submit the down payment on the home. Mortgage Gift letter is what the donor of the gift writes to the lender stating that he has offered a gift of money to the home buyer. In the letter, the donors must specify that the money is a gift. Have the giftgiver pen a short letter to your mortgage company.