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  1. eForms
    https://eforms.com › mortgage-gift-letter

    Free Gift Letter for Mortgage Template - PDF | Word – …

    • A mortgage gift letteris an affidavit that acknowledges money was given to a recipient for a downpayment, closing costs, or other expenses related to purchasing a property. It is required to be signed … See more

    Donor Relationship

    Gift funds for a mortgage can’t come from just anyone. Instead, major lenders require donors and recipients to share a familial relationship.Acceptable donors include direct relati… See more

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    What to Include

    A valid mortgage gift letter should include the donor’s information, details about the gift, statements attesting to the nature of the gift and disclaiming any conflict of interest, an… See more

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    Minimum Borrower Contributions

    Federal loan guarantors such as Fannie Mae and Freddie Maclimit the percentage of funds that can be applied as a gift. For some types of mortgages, borrowers must contribute … See more

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    Required Documents

    Most lenders require evidence of the gift transfer in addition to the gift letter. Proof of electronic transfer or a copy of the check and deposit slip are typically accepted. Borrowers … See more

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    What is a gift letter template?
    It is simply documentation that allows the mortgage company or real estate agents to prove where the gift amount comes from that is involved in the sale. A gift letter template can also be used if someone plans to give you a large gift out of an estate. These gifts are often sizable enough that you might need to pay an associated gift tax.
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