Sunday, February 28, 2010

How write a gift letter for funds use to buy house?

Include Applicant's name, loan number, and address of home to be purchased if known, otherwise you a tbd address. Then it should look something like this:





I,____________(Doner), do hereby certify the following:


(1) I have made a gift of $_____(amount) to __________(recipient) Whose relationship is:_________(relationship)


(2) This gift is to be applied toward the purchase of the property located at:___________________(property address)


(3) No repayment of the gift is expected or implied in the form of cash or by future services of the recipient.


(4) The funds 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 hte seller, real estate agent or broker, builder, loan officer, or any entity associated with them.


(5) The source of this gift is:____________(source)





Include


Donor signiture and date


Donor name printed


donor address


donor phone number





Borrower signiture and date


Co-Borrower signiture and date





Include a disclosure stating that the signatures above indicate that we fully understand that it is a Federal Crime punishable by fine, imprisonment, or both knowingly make any false statement concerning any of hte above facts as applicable under the provision of Title 18, United States Code, Section 1012 adnd 1014





Include evidence of Donor's ability to provide funds and evidence of receipt of transfer of funds with this letterHow write a gift letter for funds use to buy house?
I've recently done this. Ask your mortgage company for a gift letter form, and they will supply you with one. Fill it out and give back to the rep.How write a gift letter for funds use to buy house?
i you need help with a loan please call me 18667118195-106


texas only
first learn to write a question properly.

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