Letter to Mortgage Company Explaining Gift

Here are 10 short templates for explaining a gift to a mortgage company. Please let us know in the comments if you need a new, custom, or different templates for your needs.

Template 1: Gift from Family Member

Dear [Loan Servicer’s Name],

I wanted to inform you that I have received a generous gift from a family member to assist with my mortgage down payment. Please let me know if you need any documentation regarding this gift.

Thank you, [Your Full Name]

Template 2: Gift for Closing Costs

Dear [Loan Servicer’s Name],

I am pleased to let you know that I have received a gift from a family member to help cover closing costs. I can provide you with the necessary gift letter and documentation if required.

Best regards, [Your Full Name]

Template 3: Gift for Home Improvement

Dear [Loan Servicer’s Name],

I wanted to inform you that I have received a gift to fund home improvements. This will enhance the value of the property and contribute positively to my mortgage commitment.

Thank you, [Your Full Name]

Template 4: Gift for Mortgage Prepayment

Dear [Loan Servicer’s Name],

I have received a gift that I plan to use for prepaying a portion of my mortgage. I appreciate your guidance on how to apply this gift toward my loan.

Sincerely, [Your Full Name]

Template 5: Gift for Debt Reduction

Dear [Loan Servicer’s Name],

I have received a gift that I intend to use to reduce a portion of my mortgage debt. Please let me know if any formal process is required to apply this gift to my loan.

Thank you, [Your Full Name]

Template 6: Gift for Interest Reduction

Dear [Loan Servicer’s Name],

I am writing to inform you that I have received a gift that I plan to use to reduce the interest on my mortgage. I appreciate your assistance in facilitating this adjustment.

Best regards, [Your Full Name]

Template 7: Gift for Extra Principal Payment

Dear [Loan Servicer’s Name],

I wanted to let you know that I have received a gift that I intend to use as an extra payment towards the principal of my mortgage. Your guidance on the process would be appreciated.

Sincerely, [Your Full Name]

Template 8: Gift for Refinancing

Dear [Loan Servicer’s Name],

I am writing to inform you that I have received a gift that I plan to use for refinancing my mortgage. Please let me know if there are any steps I need to follow.

Thank you, [Your Full Name]

Template 9: Gift for Escrow Account

Dear [Loan Servicer’s Name],

I wanted to inform you that I have received a gift that I intend to contribute to my escrow account for property taxes and insurance. Please advise me on the process.

Sincerely, [Your Full Name]

Template 10: Gift for Overdue Payments

Dear [Loan Servicer’s Name],

I am writing to let you know that I have received a gift that will help me catch up on overdue mortgage payments. Please guide me on how to apply this gift to my account.

Thank you, [Your Full Name]