Important Notice
This document serves as a formal acknowledgment regarding the transfer of funds as a gift to facilitate a property transaction. It is intended for informational purposes only and does not constitute legal or financial advice. The information provided should be reviewed and customized by a qualified professional to ensure compliance with applicable laws and regulations in the relevant jurisdiction. The user accepts all responsibility for the proper use of this document and understands that no liability is assumed by the provider for any errors, omissions, or legal consequences resulting from its reliance.
Please note: This is a sample Mortgage Gift Letter template for California, provided for informational purposes only. Actual language may vary based on specific circumstances and legal requirements.
Sample Mortgage Gift Letter – California
Borrower and Donor Information:
Borrower: [Borrower’s Name]
Address: [Borrower’s Address]
Donor/Sender: [Donor’s Name]
Address: [Donor’s Address]
Gift Declaration:
I, [Donor’s Name], hereby confirm that I am providing a gift of [$Amount] to [Borrower’s Name] toward the purchase of the property located at [Property Address]. This gift is a true gift and does not require repayment nor is it contingent upon any conditions.
Relationship & Intent:
The gift is made voluntarily, with no expectation of repayment. The relationship between the donor and borrower is [add relationship, e.g., parent, relative, friend].
Source of Funds:
The funds provided as a gift are from lawful sources, and appropriate documentation (such as bank statements or gift letter) will be provided if required by the lender.
Certification:
I certify that the funds are a gift and do not constitute a loan, and I understand that false or misleading statements may violate applicable federal and state laws.
Date: ______________________
[Donor’s Name]
[Borrower’s Name]