Which costs it can be used for. How to document the gift (a mortgage gift letter). The rules are different depending on the kind of loan you get. Whether you’re giving or receiving a gift ...

"An effective mortgage gift letter includes four parts," says Dan ... examples of gift letters or create your own using the template below for guidance: [Today's Date] This letter serves to ...

For conventional loans, the following rules apply: Your lender might have a gift letter template it requires borrowers to use, so be sure to ask your loan officer before writing your own.