Free Gift Letter for Down Payment

October 15, 2050
ABC Mortgage Corporation
456 Elm Avenue
Springfield, IL 62702
To Whom It May Concern:
I, [Your Name], hereby confirm that I am giving a gift of $20,000 to my daughter, Jane Doe, to assist with the down payment on her property located at 789 Oak Drive, Springfield, IL 62703.
I understand that the funds provided are a gift, not a loan and that there is no expectation of repayment. This gift is being given to Jane out of love and support, and I have no financial interest in the property.
The source of the gift funds is from my personal savings account, and the funds were transferred to Jane Doe via a bank transfer on October 10, 2050.
Please feel free to contact me at [Your Email] should you require any further information.
Sincerely,
[Your Name]
[Your Email]
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The Gift Letter for Down Payment Template from Template.net is fully customizable and editable in our AI Editor Tool, ideal for declaring down payment gifts professionally. Perfect for home buyers, this template outlines the gift’s purpose, source, and amount, providing clear documentation for lenders. Its structured design ensures an efficient process in securing and verifying down payment gifts.
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