Declaration of financial support
The document provided serves purely as a sample template for financial gift acknowledgments related to property transactions. It does not offer legal or financial advice and should not replace consultation with a qualified legal or financial professional experienced in real estate transactions and gift documentation. Regulations and requirements may differ across jurisdictions, necessitating modifications to meet specific legal standards. Responsibility for the correct use of this template lies solely with the user, and we disclaim any liability for inaccuracies, omissions, or consequences resulting from its use without proper professional review.
Please note: This is a sample Gift Letter for Down Payment in California, provided for illustrative purposes only. Actual wording and requirements may vary based on specific lender conditions and legal advice.
Sample Gift Letter for Down Payment – California
Borrower and Gift Details:
Borrower Name: John A. Doe
Property Address: 123 Main Street, Los Angeles, CA 90001
Giver Name: Jane B. Smith
Relationship to Borrower: Aunt
Gift Information:
The giver affirms that the funds provided as a gift are a true gift with no expectation of repayment or future interest in the property. The gifted amount is $50,000, which will be used toward the borrower’s down payment.
Certification:
The giver affirms that the funds are legally sourced, and this gift is not a loan. The giver understands that this letter may be presented to the lender as part of the mortgage application process.
Giver Signature: ____________________________
Date: __________________
Borrower’s Acknowledgment: I acknowledge receipt of the gift funds as specified above.
Note: This sample should be reviewed and customized by a legal or mortgage professional to ensure compliance with current laws and lender requirements.