Gift Letter for Down Payment
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]
