Gift Letter for FHA Loan
Gift Letter for FHA Loan Outline
[Date]
To Whom It May Concern,
I, [Your Name], hereby certify that I am providing a gift of $[Amount] to [Borrower's Full Name] to assist with the purchase of a home located at [Property Address].
This gift is made with the following understandings:
-
Relationship to Borrower: I am related to the borrower as [describe the relationship, e.g., parent, sibling, grandparent, etc.].
-
Source of Funds: The funds for this gift were obtained from [explain source, e.g., personal savings, investment account, etc.].
-
Certification of Gift: This gift is provided freely and without any expectation of repayment. It is not a loan and does not require any form of repayment, either in part or in full.
-
Purpose of Gift: The gift is intended solely for use in connection with the borrower’s purchase of the property located at [Property Address].
-
Transfer of Funds: The funds will be transferred via [state method of transfer, e.g., wire transfer, cashier’s check, etc.] on [specify date].
-
Contact Information: I can be reached at [Your Email] for any additional verification or inquiries.
I declare that the above information is true and accurate to the best of my knowledge.
[Your Name]
[Date]
[Borrower's Signature]
[Date]
