Professional Gift Letter for Loan
Professional Gift Letter for Loan
November 12, 2050
ABC Mortgage Lender
123 Bank Avenue
Cityville, CA 98765
Dear ABC Mortgage Lender,
I, [Your Name], am writing to confirm that I am providing a gift of $50,000 to Jane Smith to assist with her down payment on the loan she is applying for with your institution.
This letter serves to confirm that the financial gift is a non-repayable gift and that there is no expectation of repayment. The gift is given freely, without any conditions or obligations, and it is not a loan or part of any financial arrangement that would require repayment.
The details of the gift are as follows:
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Gift Amount: $50,000
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Recipient's Name: Jane Smith
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Relationship to Borrower: Mother
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Date of Gift: November 10, 2050
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Method of Transfer: Bank wire transfer
Please do not hesitate to contact me if any additional information or documentation is required. I understand that this letter will be submitted as part of Jane Smith’s loan application process, and I am happy to provide further details if needed.
Thank you for your attention to this matter.
Sincerely,
[Your Name]
[Your Email]
