Gift Letter Template (Purchase Of Property) printable pdf download

DOCUMENTATION OF GIFT FUNDS

Gift Funds Yet To Be Received:

1. Provide executed gift letter.

2. The gift must be in the form of a cashier’s check or certified check. The

donor’s name must be printed on the check (example – Donor: John Doe).

A Cashier’s check is preferred. None of the gift money can be received in

cash from the gift donor.

3. Make a copy of the gift check prior to the deposit and also a copy of the

deposit slip showing that the funds have been deposited into your

account. Within three weeks of settlement, please send us a full copy of

your bank statement showing the gift deposit. If it is unlikely that you will

receive your statement in time please provide a letter from your bank (on

bank letterhead and signed by bank official) stating the following:

- Deposit amount

- Account number

- Deposit date

- New account balance amount

Gift Funds Already Received:

1. Provide executed gift letter.

2. Provide, from the gift donor, a copy of the front and back of the canceled

gift check or a copy of the gift donor’s full bank statement evidencing the

withdrawal amount matching the actual gift amount.

3. Make a copy of the gift check prior to the deposit and also a copy of the

deposit slip showing that the funds have been deposited into your

account. Within three weeks of settlement, please send us a full copy of

your bank statement showing the gift deposit. If it is unlikely that you will

receive your statement in time please provide a letter from your bank (on

bank letterhead and signed by bank official) stating the following:

Please note that the gift letter and supporting documentation detailed above should

be received in our office no later than three weeks prior to settlement. Additionally,

when making your gift deposit, be sure to keep the gift deposit separate from any

other money you may be depositing that same day. This will help to keep the paper

trail separate and clean. Be sure to call your processor or your loan officer if you have

any questions. Thank you.

Gift Letter Template (Purchase Of Property)