Use our free Virginia promissory note template to complete a loan note in Virginia. Create legally binding agreements in minutes with PandaDoc.An IOU (I Owe You) is a legal document that sets out the details of a loan made between two people, a borrower, and a lender. When someone offers to help you make a down payment on a house, your lender will require a gift letter for a mortgage. Here's what it includes. We estimate that you will need an average of 20 minutes to review the instructions, find the information, and complete this form. Simply scroll down to the Authorize 3rd Party section, select "Edit," and complete the required information. Download Virginia Gift Letter for Mortgage Template template, modify and send for signing using BoloForms Signature. We estimate that you will need an average of 20 minutes to review the instructions, find the information, and complete this form. When someone offers to help you make a down payment on a house, your lender will require a gift letter for a mortgage.