A Gift Letter for Mortgage Down Payment

A gift letter for mortgage down payment


Often individual wishes to take a loan for building or buying a house but is unable to do so due to their present situation of finance. In such a situation they can seek help from a financially well off relation who can forward them a certain amount of monetary help in the form of a gift.  A gift letter for a down mortgage payment is a letter written by the donor of funds on behalf of the potential home buyer who wishes to obtain a loan for a mortgage or purchase but lacks sufficient funds. Hence, the donor needs to state in the letter that the finances supplied are a gift to the potential home buyer stating their relationship so that the loan can be approved.

Quite a few things need to be kept in mind while writing such a letter. Such a letter needs to be grammatically and structurally correct. Such a letter is written in a formal tone so as to serve as a legally binding document if necessary. The writer must clearly state the purpose of the monetary gift and the expectations from the receiver regarding the same. The letter can be ended by testifying on behalf of the character of the individual seeking a loan.

A gift letter for a down mortgage payment – Sample

Following is a sample of A Gift Letter for Mortgage Down Payment.


Marty Linton
2243 Reeves Street
Kiel, WI 53042



First World Bank
4342 Clarksburg Park Road
Phoenix, AZ 85008

To Whom It May Concern

RE: Gift letter for down mortgage payment

This letter serves to confirm that I, Marty Linton, father to Jane Linton, am giving my daughter, Jane Linton, a gift of $50,000 which is to be used towards the purchase of a home. This is an unconditional gift, and there are no interest or repayment expectations on this gift issued. This money is to be utilized on her will without the need of having to repay at a future time.She is free to use the money towards seeking a loan for the building of her home. The money may also, alternatively, be used for making the first down payment of her loan. She is the sole heiress to my inheritance and is also my legal and biological ward and stands as my nominee in all the properties possessed by my wife and me.

I offer my word as testimony to her character and guarantor in case of any inadvertent error in the repayment of the loan. I have attached my 25 years old banking portfolio for your consideration. Please feel free to contact me for any verification of this gift letter if necessary. Alternatively, you can also reach my bank at the details that I have enclosed to make certain that everything is in order and to your satisfaction of legal requirements. Otherwise, I trust that everything is to assist Ms. Jane Linton in her mortgage down payment processing and that you will do everything in your power to help the smooth functioning of this granting of the sought loan.

Hoping for an affirmation and your assistance from you.

Thank you.

Marty Linton

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