MORTGAGE RESOURCES | GIFT LETTER

A gift letter is a written document used to show funds deposited for a down payment.

The lender will require a gift letter along with confirmation of the gifted amount being deposited into the purchaser’s account. The gift letter verifies the amount of funds being used for down payment.

Most lenders have their own gift letters; therefore, I will provide you with the form needed for submission. Please note, the amount being deposited must match to the amount stated on the gift letter. Additionally, the funds should be deposited into your account a minimum of 2 weeks before the completion date.