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Gift Letter VA/FHA/Conventional - kitcrowne.com

Conventional - kitcrowne.com 2025

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The document is a Gift Letter certifying that a donor is providing a monetary gift to a recipient for the purpose of purchasing property. It states that the gift does not require repayment and confirms that the funds are not sourced from any party with an interest in the property sale. The letter includes legal warnings regarding false statements and requires signatures from both the borrower and donor, along with their contact information.

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Click ‘Get Form’ to open it in the editor.
Begin by entering your name in the 'I/We' section, certifying that you are making a gift.
Fill in the amount of the gift in the designated field, ensuring accuracy for documentation purposes.
Specify the relationship to the recipient in the 'Relationship' section, followed by their full name.
Indicate the property being purchased by providing its details as required.
Review and confirm that no repayment is expected for this gift, then proceed to sign where indicated.
Ensure all signatures are completed along with dates for both borrower(s) and donor(s).
Finally, provide the donor's complete address and telephone number for verification purposes.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is a gift letter for a mortgage?

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.

What is required on a gift letter for a FHA loan?

Click below to view the eight pieces of information in a gift letter and why lenders request each one: The exact dollar amount of the gift. The donors signed statement that no repayment is expected. The property address associated with the down payment. Donor information. The date the funds were or will be transferred.

How do you document gift funds for conventional mortgage?

Acceptable Donors A gift can be provided by: a relative, defined as the borrowers spouse, child, or other dependent, or by any other individual who is related to the borrower by blood, marriage, adoption, or legal guardianship; or.

What is a gift letter for a conventional mortgage?

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.

How to complete a gift letter for a mortgage down payment?

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.