Gift Letter for Conventional Loan
Gift Letter for Conventional Loan
May 11, 2050
Ms. Doris Fournier
4980 Irving Road
Athens, OH 45701
Dear Ms. Doris,
I hope this letter finds you well. I am writing to clarify my recent financial gift to you, which I sent to assist you with the purchase of your new home.
In proceeding with the purchase of your new home, I understand the cost might be burdensome. Thus, I have sent a monetary gift to assist with your down payment or closing costs. This is not a loan, but rather a gift. You are not obligated to repay me in any way or form at any time.
I understand that this letter will be used for the purpose of obtaining a conventional mortgage loan, and I authorize its disclosure to all parties involved in the mortgage process, including but not limited to the lender, underwriter, and settlement agent.
Should your lender need further confirmation or information, do not hesitate to contact me. I am ready and willing to provide any information they may require.
My aim is purely to alleviate some of the financial pressures you may be feeling during this exciting time.
I wish you all the best as you venture into this new journey of homeownership.
Yours Sincerely,
[YOUR NAME]
