Guaranteerate gift letter 2026

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  1. Click ‘Get Form’ to open the guaranteerate gift letter in the editor.
  2. Begin by entering the donor's name and the amount of the gift in dollars. Ensure that you clearly state that no repayment is expected.
  3. Fill in the recipient's name and the property address where the gift will be applied.
  4. Specify the source of funds by providing the bank name, account type (checking, savings, or other), and account number.
  5. Indicate your relationship to the borrower and provide your contact details including telephone number, email, and preferred contact time.
  6. Confirm whether the funds have already been transferred to the recipient by selecting 'Yes' or 'No'.
  7. Finally, ensure both donor and borrower sign and date the document at their respective sections.

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Intention is important Both parties need to sign a gift letter with the full intention that the money will never need to be repaid. Accepting a large financial gift and signing a gift letter while intending to use the money as a loan is a form of mortgage fraud.
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.
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.
Example of a Gift Letter I am writing this letter to confirm that I am providing a gift to [Homebuyers Full Name] to be used as a down payment for the purchase of the property located at [Property Address]. I understand that this gift is to be used solely to secure a mortgage loan for the aforementioned property.
This is an amount of money you pay upfront towards the cost of the property. A gifted deposit means someone else, often a family member, provides the funds for some, or all of, your mortgage deposit.
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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.

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