FHA Gift Letter - REMN Wholesale 2025

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  1. Click ‘Get Form’ to open the FHA Gift Letter - REMN Wholesale in our editor.
  2. Begin by entering the Loan Information, including the FHA Case Number, Loan Number, and Subject Property Address. Ensure all details are accurate for a smooth processing.
  3. Fill in the Donor's information: Last Name, First Name, Middle Initial, Address, Phone Number, and their relationship to the recipient. This section is crucial for verifying the legitimacy of the gift.
  4. Next, input the Recipient (Applicant) details similarly: Last Name, First Name, Middle Initial, and Address. This identifies who will benefit from the gift.
  5. In the Certification section, clearly state the amount of the gift and its purpose. Confirm that it is a true gift with no repayment expectations.
  6. Finally, ensure all signatures are completed: Donor Signature, Borrower Signature, and Co-Borrower Signature along with their respective dates.

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Lenders will use the gift letter to verify the donor, the source of the funds, the amount of the money, and that the money is a gift and not a loan youre obligated to pay back. Gift letters are legally binding documents.
According to Fannie Mae, a gift letter for a mortgage should include the following information: The dollar amount of the gift. A statement that repayment of the gift is not required. The gift-givers name, address, and telephone number.
FHA: To receive approval for an FHA loan with an offer letter, you must submit a copy of your offer letter and prove that you have sufficient reserves to cover cost obligations, as well as other liabilities, until you begin the job. USDA: The USDA follows the same guidelines for offer letter loans as the FHA.
FHA gift letter requirements for 2025 The full legal names of the donor and the borrower. The donors address and contact information. The donors relationship to the borrower. The exact dollar amount of the gift. A clear statement that the funds are a gift and there is no expectation of repayment.
Documentation Requirements The gift letter must: specify the actual or the maximum dollar amount of the gift; include the donors statement that no repayment is expected; and. indicate the donors name, address, telephone number, and relationship to the borrower.
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