Gift Letter for Mortgage
![Gift Letter for Mortgage Gift Letter for Mortgage sample](https://blanker.org/files/styles/thumbnail/public/images/gift-letter-mortgage.png?itok=IFeKk9xF)
A Gift Letter for a Mortgage is a letter used to verify that a monetary gift made towards a down payment on a home purchase is a gift and not a loan.
The main purpose of this letter is to provide documentation to the mortgage lender that the funds being used for the down payment are a gift and do not need to be repaid. The letter typically includes the names of the donor and recipient, the amount of the gift, and a statement that the funds are a gift and not a loan.