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    How to Complete a Gift Letter for a Mortgage | LendingTree

    • A gift letter is a written statement confirming that funds given to a borrower — usually for a down payment— are a gift rather than a loan that has to be repaid. The letter will need to explain who is gifting the money… 展开

    Gift Letter For A Mortgage Template

    Your lender may provide a mortgage gift letter template for you to use. If not, you can download the template below to create your own. Then, share it with anyone who’s gifting you mone… 展开

    LendingTree
    Why Lenders Care About Gift Letter Information

    Mortgage lenderscare about the information on a gift letter for a mortgage for three reasons: 1. To document that the person giving you the money isn’t involved in the home purchase. … 展开

    LendingTree
    How to Document Funds Tied to A Gift Letter For A Mortgage

    Your gift letter has to be backed up with paperwork showing where the funds came from. You’ll typically need to provide the following: For funds transferred by check: 1. The gift check a… 展开

    LendingTree
    Important Rules About Gifted Funds For A Mortgage

    Most loan programsallow gifts, but the amount you can use varies by loan type, as does the list of acceptable sources. Generally speaking, you can get gift money from a relative o… 展开

    LendingTree