Mortgage Gift Letter Template

If you're applying for a mortgage and receiving a gift of funds from a family member or friend, you'll likely need a gift letter to provide to the mortgage lender. At BizzLibrary.com, we offer a professional Mortgage Gift Letter Template in DOCX format to simplify the process.

What is a Mortgage Gift Letter?

When you're applying for a mortgage, the lender will need to verify the source of your down payment funds. If a portion of the funds come from a gift, the lender will require a gift letter from the donor that specifies their relationship to you, the gift amount, and a statement that the funds are a gift and not a loan.

The purpose of this letter is to confirm that the funds are a genuine gift and that the donor has no expectation of repayment. This is important because lenders typically view loans as liabilities, which can impact your ability to qualify for a mortgage.

Why Use Our Mortgage Gift Letter Template?

Our Mortgage Gift Letter Template is designed to ensure that you have all the necessary information in your gift letter so that your mortgage application process goes smoothly. Here's why you should consider using it:

• Customizable: The template is easily customizable to your particular situation. You can edit the name and address of the intended recipient, specify the date, and add any additional information specific to your situation.
• Comprehensive: The template includes all the necessary information that lenders require in a gift letter. This includes the amount of the gift, the donor's name and relationship to the borrower, a statement confirming that the funds are a gift, and a declaration that the donor has no expectation of repayment.
• Professional: Our template is professionally drafted, so you can be confident that it meets industry standards and will be accepted by mortgage lenders.
• Easy to Use: Our Mortgage Gift Letter Template is available for instant download in DOCX format. Simply download the template, fill in the required information, and print it out. It's that easy!

Download Your Mortgage Gift Letter Template Today

If you're in need of a Mortgage Gift Letter, you don't have to spend hours trying to create one from scratch. With our easy-to-use template, you can have a professional-looking document in minutes.

Visit BizzLibrary.com now to download our Mortgage Gift Letter Template in DOCX format. You'll find a wide selection of other business document templates available for download as well. Take control of your finances and simplify your life with BizzLibrary.com.