Sample "Gift Letter for Mortgage"

A Gift Letter for Mortgage is a written statement drafted by a mortgage borrower's relative or friend to support the former's mortgage application. If you do not have enough resources to finance your mortgage yet your family member or close friend is prepared to give you the money, they should compose a short note that confirms the source of the money is legitimate. Additionally, a Mortgage Gift Letter certifies the gift donor is not going to have any interest in the house or apartment purchased by the mortgage borrower.

You can download a Sample Gift Letter for Mortgage through the link below. The letter does not usually exceed one or two pages - write down the names of the parties, indicate the sum of the money gifted to the beneficiary, state the purpose of the gift - to finance the purchase of the real estate, record the source of the gift and attach documentation that proves it, date and sign the letter. There is no need to notarize the document unless the financial institution asks for it in advance.


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Sample Gift Letter for Mortgage
To Whom It May Concern,
This letter confirms that the undersigned is making a financial gift in the amount of
[​
D ollar Amount​
] to [​
P urchaser​
] for use toward the purchase of the property located at
[​
A ddress of Property Being Purchased​
] .
We, the undersigned Purchaser and Donor, state the money is a genuine gift from the
Donor and does not ever have to be repaid, and no part of the financial gift is being
provided by any third party having any interest in the sale of the subject property.
We, the undersigned also acknowledge and understand that the financial gift must be in
the Purchaser’s possession prior to the time of application for mortgage loan insurance
¹
and that confirmation of the same is required.​
¹ ​
P lease provide a copy of the Donor’s personalized cheque or money order, and a copy of the
Purchaser’s bank statement confirming receipt of the funds.
Purchaser(s):
_________________________________
_________________________________
Signature
Signature
_________________________________
_________________________________
Print Name
Print Name
_________________________________
_________________________________
Date
Date
Donor(s):
_________________________________
_________________________________
Signature
Signature
_________________________________
_________________________________
Print Name
Print Name
_________________________________
_________________________________
Date
Date
_________________________________
_________________________________
Relationship to Purchaser
Relationship to Purchaser
_________________________________
_________________________________
Address
Address
_________________________________
_________________________________
Telephone
Telephone
© ​
T EMPLATEROLLER.COM
Sample Gift Letter for Mortgage
To Whom It May Concern,
This letter confirms that the undersigned is making a financial gift in the amount of
[​
D ollar Amount​
] to [​
P urchaser​
] for use toward the purchase of the property located at
[​
A ddress of Property Being Purchased​
] .
We, the undersigned Purchaser and Donor, state the money is a genuine gift from the
Donor and does not ever have to be repaid, and no part of the financial gift is being
provided by any third party having any interest in the sale of the subject property.
We, the undersigned also acknowledge and understand that the financial gift must be in
the Purchaser’s possession prior to the time of application for mortgage loan insurance
¹
and that confirmation of the same is required.​
¹ ​
P lease provide a copy of the Donor’s personalized cheque or money order, and a copy of the
Purchaser’s bank statement confirming receipt of the funds.
Purchaser(s):
_________________________________
_________________________________
Signature
Signature
_________________________________
_________________________________
Print Name
Print Name
_________________________________
_________________________________
Date
Date
Donor(s):
_________________________________
_________________________________
Signature
Signature
_________________________________
_________________________________
Print Name
Print Name
_________________________________
_________________________________
Date
Date
_________________________________
_________________________________
Relationship to Purchaser
Relationship to Purchaser
_________________________________
_________________________________
Address
Address
_________________________________
_________________________________
Telephone
Telephone
© ​
T EMPLATEROLLER.COM