Gift letter and donor bank proof for down payment files

Answers are general operational information only — not legal, tax, regulatory, clinical, privacy, immigration, or professional advice. Requirements vary by matter, client, and regulator.

Frequently asked questions

Is a gift letter enough for lenders?

Usually not. Most lenders want the letter plus proof the donor has funds (bank statement) and sometimes proof of transfer. Requirements vary by lender — confirm with the mortgage broker.

What should a gift letter include?

Typically donor name, relationship, gift amount, property address, statement that repayment is not expected, signatures, and date. Exact lender forms differ.

Should realtors collect donor bank statements?

Often yes, at the mortgage broker's request. Realtors can gather early on a checklist to prevent last-minute chasing — the broker verifies adequacy.

Can donors upload through a secure link?

Yes — separate checklist section for donor documents keeps buyer privacy cleaner than one email thread with extended family.

Is this legal advice?

No. Operational guidance only. Not affiliated with RECO or FSRA.

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