The World's Best Mortgage Gift Letter Maker
Create a professional gift letter that meets mortgage lending guidelines for your mortgage application. Generate PDFs instantly and email to all parties. Perfect for down payment gifts, closing cost help, and family assistance with home purchases.
Mortgage Gift Letter Generator
Create a professional gift letter that meets Fannie Mae standards in minutes
Important Disclaimer: Homebuyer.com is not a mortgage lender or financial institution. This tool is a free service to generate gift letters. Always consult your lender to ensure this gift letter meets your requirements and complies with all applicable regulations.
How to Create a Mortgage Gift Letter
Follow these simple steps to create a gift letter that meets lender requirements and helps your mortgage application. Learn more about cash gift for down payment requirements and guidelines.
Gather Required Information
Collect all necessary details including donor and borrower information, gift amount, relationship details, and property address. Ensure all information matches your loan application exactly.
Complete the Form
Fill out all required fields in our generator. The form includes address autocomplete to ensure accurate formatting and validation to prevent common errors.
Review and Generate
Double-check all information for accuracy. Once submitted, you'll receive a professional PDF that can be downloaded or emailed to all parties involved.
Sign and Submit
Both the donor and borrower must sign the letter. Some lenders may require notarization. Submit the signed letter to your loan officer along with your other mortgage documents.
Trusted by Home Buyers Nationwide
Our gift letter generator has helped thousands of home buyers create professional gift letters that meet lender requirements and speed up their loan approval process.
"This generator saved me so much time! My parents were helping with our down payment and I had no idea how to write a proper gift letter. This made it so easy and professional."
- Sarah M., First-time Homebuyer
"The address autocomplete feature was perfect. No more typos in addresses that could delay our loan approval. Everything was formatted exactly right."
- Michael R., Homebuyer
"No registration required and completely free. I was able to email the letter to my parents and loan officer instantly. Made the whole process so much smoother."
- Jennifer L., Homebuyer
Trusted by home buyers nationwide
Join the growing community of users who rely on our gift letter generator for professional mortgage documentation
Why Choose Our Gift Letter Generator?
Our gift letter generator stands out from other tools with comprehensive features and Fannie Mae compliance.
Lender-Approved Gift Letter Format
Our mortgage gift letters meet Fannie Mae standards and are accepted by banks nationwide. No revisions needed - your lender will approve the letter on first submission.
Accurate Address Validation
Google Places autocomplete ensures property addresses match official records. Eliminates formatting errors that delay mortgage loan approval.
Automated Email Distribution
Instantly email gift letters to donor, borrower, and loan officer simultaneously. Professional PDF attachments ready for mortgage documentation and closing cost verification.
Secure Gift Letter Generation
No account required, no data storage. Generate gift letters privately without sharing sensitive mortgage application information.
Instant PDF Gift Letter
Download professional gift letter PDFs in seconds. Ready for signatures and immediate submission to your mortgage lender.
Mortgage Industry Expertise
Gift letters created by mortgage professionals who understand lender requirements. Avoid costly delays and loan rejections with industry-tested formats.
What Makes Up a Gift Letter?
How Gift Letters Work
A gift letter is a document required by mortgage lenders when someone provides money to help you buy a home. It confirms that the funds are a gift, not a loan, and therefore do not need to be repaid.
- Purpose
- Confirms to the lender that funds are a gift, not undisclosed debt that must be repaid.
- Lender Requirement
- Required whenever gift funds are used for the down payment, closing costs, or earnest money.
- What It Does
- Documents the donor’s intent and the source of funds, satisfying lender rules for compliance.
- Common Uses
- Down payment help, closing cost assistance, or earnest money deposits.
Gift Letter Requirements
- Donor Information
- Full name, address, and contact information of the person providing the gift funds.
- Borrower Information
- Complete name and address of the person receiving the gift for their home purchase.
- Gift Amount
- Exact dollar amount of the gift that must match bank statements and loan documentation.
- Relationship
- Clear statement of the relationship between donor and borrower (family member, friend, etc.).
- Property Address
- Complete address of the property being purchased, matching your loan application exactly.
- Gift Statement
- Clear declaration that the funds are a gift with no expectation of repayment.
- Signatures
- Both donor and borrower must sign the letter. Some lenders may require notarization.
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Find programs →Types of Gift Letters
Down Payment Gift
Most common type for helping with the initial down payment.
- • Used for initial down payment
- • Reduces loan amount
- • May eliminate PMI
- • Must be documented
Closing Cost Gift
Helps cover closing costs and fees.
- • Covers closing fees
- • Title insurance
- • Appraisal costs
- • Legal fees
Earnest Money Gift
For earnest money deposits.
- • Good faith deposit
- • Shows serious intent
- • Applied to purchase
- • Protects seller
Reserve Fund Gift
For post-closing reserves.
- • Post-closing reserves
- • Emergency funds
- • Moving expenses
- • Home improvements
Frequently Asked Questions About Gift Letters
What is a gift letter?
A gift letter is a formal document that confirms a monetary gift given to help with your home purchase. It's required by lenders to verify that the money is truly a gift (not a loan) and doesn't need to be repaid.
Do I need a notary for a gift letter?
While not always required, some lenders may request notarization. Check with your loan officer for specific requirements. Notarization provides additional legal verification of the signatures.
Can I use this gift letter for any loan type?
This letter meets Fannie Mae standards and works for conventional loans. FHA, VA, and USDA loans may have additional requirements or different formats. Always check with your lender first.
What if the gift amount changes?
You'll need to create a new gift letter with the correct amount. The letter must match your bank statements exactly. Any discrepancy could delay your loan approval.
Is this gift letter legally binding?
Yes, once signed by both parties, the gift letter becomes a legally binding document that confirms the gift nature of the funds and protects both the donor and borrower.
Who can provide gift funds?
Gift funds typically come from family members, relatives, or close friends. The donor must have a verifiable relationship to the borrower and provide documentation of the gift source.
Related Tools and Resources
Mortgage Calculator
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Calculate payment →Down Payment Assistance
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Find programs →First-Time Home Buyer Guide
Everything you need to know about buying your first home, from saving to closing.
Read the guide →