FinancingIntermediate

What Is Gift Letter?

A gift letter is a signed statement from a family member or approved donor confirming that money given toward a down payment is a gift, not a loan that must be repaid — required by most lenders before they'll count gifted funds toward a down payment.

Most useful for: First-Time Homebuyer · Repeat Buyer · Homeowner
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Gift Letter
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This definition is provided for general educational purposes and is not financial, legal, tax, or real estate advice. Verify important decisions with appropriately qualified professionals.

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