A payoff letter provides instructions on how to pay off a loan with a lump sum before the loan term ends. Learn how payoff letters work.This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. Create a Loan Payoff Letter online and download it as a PDF or Word document. Customize and print a blank Loan Payoff Letter for free. INTRODUCTION. INLIVIAN receives its funding for the Housing Choice Voucher (HCV) program from the Department of Housing and Urban Development (HUD). Offset Balance. 7001.