Gift of Equity Letter Design
Gift of Equity Letter Design
To Whom It May Concern,
I, [Your Name], hereby confirm that I am giving a gift of equity in the amount of $[Gift Amount] to [Buyer’s Full Name]. This gift is intended to assist with the purchase of the property located at [Property Address].
This gift is being provided with the following conditions:
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No Repayment Requirement: This gift is provided with no expectation of repayment, either in part or in full, at any time.
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Relationship: I am the [state relationship, e.g., mother, father, sister, brother] of [Buyer’s Full Name].
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Amount of Gift: The total gift of equity is $[Gift Amount], which represents a portion of the equity in the property being purchased.
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Property Sale Price: The sale price of the property is $[Sale Price].
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Fair Market Value: The fair market value of the property, as appraised by an independent appraiser, is $[Fair Market Value].
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Acknowledgment of Lender: I understand that this gift of equity may be used toward the buyer’s down payment and/or closing costs, subject to the mortgage lender's requirements.
Please consider this letter as confirmation of the gift and its terms, with no obligation of repayment by the recipient.
If you have any questions or require further documentation, please do not hesitate to contact me at [Your Email].
Sincerely,
[Your Name]
[Your Email]
