---
title: What is a gift letter?
description: A letter confirming a donor's relationship to the borrower, the gift amount & its source, and a signed statement confirming no expectation of repayment.
---

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# What is a gift letter?

## A written document confirming a gift donor's relationship to the borrower, the gift amount and its source, as well as a signed statement confirming no expectation of repayment.

First and foremost, a "[gift](https://www.jvmlending.com/glossary/#giftfunds)" is any funds contributed toward a home purchase to help cover a borrower's down payment and/or closing costs. 

**A gift letter is a written document confirming the gift donor's relationship to the borrower, the gift amount and its source, as well as a signed statement confirming that the funds are indeed a ‘gift’ with no expectation of repayment.**  

A donor must be a family member or close friend, depending on loan product. **Finally, the gift letter must be completed accurately and reviewed by the underwriter for loan approval.**

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