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Gift Letter

The Gift Letter outlines the process for documenting a monetary gift from a donor to a recipient (borrower) for a home purchase. It requires complete information, including donor and recipient details, the amount of the gift, and the date of funds transfer, along with signatures from both parties. Additionally, it emphasizes that the gift is unconditional and not tied to any obligations or interests related to the property sale.

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87 views2 pages

Gift Letter

The Gift Letter outlines the process for documenting a monetary gift from a donor to a recipient (borrower) for a home purchase. It requires complete information, including donor and recipient details, the amount of the gift, and the date of funds transfer, along with signatures from both parties. Additionally, it emphasizes that the gift is unconditional and not tied to any obligations or interests related to the property sale.

Uploaded by

mrsingw5954
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Gift Letter

Each Section of the Gift Letter must be fully completed including dates and signatures of donor and recipient (borrower).
Read this form carefully and be prepared to follow these instructions exactly.
I. General Information
I, of
Donor(s) Donor's mailing address (street, city, state, zip code)

will give (or have given ) a gift of $ _____________________________


Donor's Phone

to my
Recipient (borrower) Relationship

II. Date of Funds Transfer


The funds were/will be given to the recipient on:

(approximate date if not already given)

If funds will be given after application, the funds are in the donor' s account at:

(Donor' s Account Information: Depository name, and account number)

III. Donor/Recipient Certification


This is a bona-fide gift, and there is no obligation, expressed or implied either in the form of cash or future services, to
repay this sum at this time. The funds (excluding gift of equity) given to the homebuyer were not made available to the
donor from any person or entity with an interest in the sale of the property including the seller, real estate agent or broker,
builder, loan officer, or any entity associated with them.

HCFG-00087 887653620202
Gift Letter
2020051217.1.0.4574-J20180529Y Page 1 of 2
WARNING: Section 1010 of Title 18, U.S.C. Department of Housing and Urban Development Transactions provides,
"Whoever, for the purpose of ... influencing in any way the action of such Department... makes, passes, utters, or publishes
any statement, knowing the same to be false... shall be fined not more than $5,000 or imprisoned not more than two years,
or both."

Donor Signature(s) Date Recipient Signature(s) Date

IV. Documentation
Documentation verifying availability, transfer, and receipt may be required. Review the Lender's Commitment Letter for
any specific required documentation.
Please Return to: Wells Fargo Bank, N.A.
2701 Wells Fargo Way
Minneapolis, MN 55467-8000

HCFG-00087 887653620202
Gift Letter
2020051217.1.0.4574-J20180529Y Page 2 of 2

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