ClauseryFree gift letter template for a mortgage (Word)
A gift letter for a home purchase: the donor and their relationship to the buyer, the gift amount, when the money was or will be transferred, a clear statement that no repayment is expected, the property address, the donor's contact details and both signatures.
No sign-up. Your answers stay in your browser. Who it is for: Parents, relatives and partners giving money towards a down payment, and home buyers whose lender asks for a gift letter.
Updated · Word (.docx) · Free to use and adapt
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What is in the gift letter for a mortgage
- Lender and property address
- Donor, borrower and their relationship
- Gift amount
- Transfer date, or transfer at closing
- Optional source bank (no account numbers)
- No-repayment statement
- Optional shared residence statement
- Donor contact details and signatures
Read the full template
This is the complete wording. [Labels] are filled in from your answers, and highlighted text only appears when it applies; hover over it to see when.
GIFT LETTER
[Letter date]
To: [Lender name]
Re: Gift for the purchase of [Property address]
I, [Donor name], am giving a gift of [Gift amount] to [Borrower name], my [Relationship], to use towards the purchase of the property above.
I transferred the gift on [Transfer date].I will transfer the gift before or at closing. The funds come from my account at [Source bank name].
This is a gift. No repayment is expected or required, in money or in services, now or in the future. I am not a party to the sale, and I am not the seller, a builder, a developer, a real estate agent or anyone else with an interest in the transaction.
I have lived with [Borrower name] for the past 12 months and will continue to live with them in the new home.
Donor: [Donor name]
Address: [Donor address]
Phone: [Donor phone]
Donor signature: ____________________________ Date: ______________
Borrower signature: ____________________________ Date: ______________
The questions you answer
Clausery turns the template into a short questionnaire. Optional parts only appear when they apply.
| Question | Type | Asked when |
|---|---|---|
| Letter date | Date | Always |
| Lender name | Short text | Always |
| Property address | Long text | Always |
| Donor name | Short text | Always |
| Gift amount | Money | Always |
| Borrower name | Short text | Always |
| Relationship | Short text | Always |
| Funds transferred | Yes / no | Always |
| Transfer date | Date | If “Funds transferred” is yes |
| Show source bank | Yes / no | Always |
| Source bank name | Short text | If “Show source bank” is yes |
| Lives with borrower | Yes / no | Always |
| Donor address | Long text | Always |
| Donor phone | Phone | Always |
How to use it
Open it
Click Fill it in now. The template opens in Clausery with its questionnaire ready.
Answer the questions
Work through the sections. Drafts save as you type, on your device.
Download the document
Get a finished Word file with your formatting intact, or print it to PDF.
Prefer to start from your own wording? Download the Word file, edit it, keep the {tags}, and upload it to Clausery. See the template syntax.
Questions
What must a mortgage gift letter include?
Lenders that follow Fannie Mae rules ask for the gift amount, a statement from the donor that no repayment is expected, and the donor's name, address, phone number and relationship to the borrower. Your lender may also ask for bank statements showing the transfer.
Who can give a gift for a down payment?
Usually a relative, a partner, a fiancé or someone with a long-standing family-like relationship to the buyer. The donor cannot be the seller, the builder, the real estate agent or anyone else with an interest in the sale. Check your loan program's rules.
Does the donor pay tax on the gift?
In the US the person giving the gift, not the buyer, is responsible for any gift tax, and gifts above the annual exclusion usually only need a gift tax return rather than tax. Check the current limits or ask a tax adviser.
Is it really free?
Yes. The download is free, and filling it in with the Clausery app is free too, with unlimited documents. Library templates never count towards a plan limit, and no account or card is needed.
Is my information uploaded anywhere?
No. Clausery runs entirely in your browser. Your answers and the finished document are created and stored on your own device.
Is this legal advice?
No. These are general samples. Laws differ between countries and states, so have the wording reviewed for your situation before you rely on it.
Guide: How to write a gift letter for a mortgage
Free tool: Amount in words converter: write the gift amount in words
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This template is a general sample and not legal advice. Laws vary by jurisdiction; have it reviewed before use.