You just might need a bit of documentation — specifically, a down payment gift letter — to make it happen. A mortgage gift letter is a statement written by the person who gifted you the funds ...

Q: When I gave my son some money to buy a house, I had to submit a letter to his lender stating that the money I gave him was ...

Down payment amounts above $19,000 and received as a gift must be reported on a gift tax return by the person making the gift—not the beneficiary. But that doesn't mean the donor will pay taxes. "The ...

But down-payment assistance options can help buyers ... You may need to provide a letter signed by the donor to document that the money doesn’t need to be repaid, according to the credit bureau ...