Down Payment Gift Letter Template
A labeled, form-style gift letter covering the down payment facts lenders verify line by line.
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Here’s the opening of this letter so you can see the format and tone. The complete, ready-to-send version, with every section written out, comes in the editable DOCX & PDF download.
DOWN PAYMENT GIFT LETTER
Date: [Date]
Loan Number (if assigned): [Loan Number]
Donor name: [Donor Full Name]
Donor address: [Donor Address, City, State ZIP]
Donor phone: [Phone]
Relationship to borrower: [Relationship]
Borrower name(s): [Borrower Full Name(s)]
Property address: [Property Address, City, State ZIP]
Gift amount: $[Amount]
Source of funds: [Bank Name], account ending [Last 4 Digits]
Date funds transferred (or to be transferred): [Transfer Date]
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When to Use This Template
Use this when your lender wants gift documentation in a structured form layout, donor, borrower, property, amount, source, and transfer date as labeled lines, followed by the signed certification. Works for any loan program; check whether your lender requires its own form first.
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This template is included in the Mortgage Gift Letter Templates bundle with 5 other professional templates.
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Get Complete Library for $119Frequently Asked Questions
Who can gift money for a down payment?
It depends on the loan program. Conventional loans generally limit donors to relatives or others with a close documented relationship; FHA allows relatives, employers, close friends with a documented interest, and charitable organizations. One rule is universal: no one with a financial interest in the sale, seller, agent, builder, or lender, may supply the gift.
How much of a down payment can be gifted?
Often all of it, but it varies by program and situation, some conventional scenarios require a minimum borrower contribution, especially on second homes or lower down payments. Ask your lender what applies to your loan.
How do lenders verify gift funds?
They follow the paper trail: the signed gift letter plus evidence the money left the donor's account and arrived in yours, bank statements, a copy of the check or wire confirmation, and deposit records. Transfer the gift as one clean payment rather than cash.
Can the gift actually be a loan I'll repay?
No. The letter certifies no repayment is expected, and intentionally disguising a loan as a gift on a mortgage application is mortgage fraud under federal law. If it is a loan, tell your lender. It changes your debt ratios but keeps everything legal.
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Important Disclaimer
This template is provided for informational and educational purposes only and does not constitute legal, financial, medical, or professional advice. Every situation is unique. You should consult with a qualified attorney or licensed professional before sending any formal correspondence, especially for matters involving legal rights, government agencies, financial disputes, employment issues, or family court proceedings. Use of this template does not create an attorney-client or professional-client relationship. Formal Letter Templates is not a law firm and does not provide legal services.