Receiving gifts from loved ones can make it easier to come up with the cash for a down payment and buy a home. If you want to use gifts alongside a home loan, though, you’ll need to provide your ...

A gift letter for a mortgage verifies the source of a homebuyer's gifted down payment funds. The gift letter proves that the funds are in fact a gift and don’t have to be repaid, and that the giver ...

Let's say today's low mortgage rates are calling your name, and you think you're ready to buy your first home — but your bank account isn't. If you don't have the down payment money, loved ones are ...

A gift letter for a mortgage confirms that some or all of the borrower’s down payment money is a gift that doesn’t need to be repaid and that the giver isn’t involved in the purchase or ownership of ...