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FHA Gift Letter Template Free e-book Download FHA Gift Letter Template Download or Read Online e-book FHA gift letter template in PDF Format From The Best Book Database Jun 26, 2012 Gift Letter Source
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The FHA gift letter template is a document used to verify that a gift received for a FHA loan down payment is a genuine gift and not a loan that will need to be repaid.
The borrower receiving a gift for their FHA loan down payment is required to fill out and submit the FHA gift letter template.
The FHA gift letter template must be filled out by the donor providing the gift, including their contact information, the amount of the gift, and a statement confirming that the gift is not a loan.
The purpose of the FHA gift letter template is to ensure that the gift funds used for an FHA loan down payment are truly a gift and not a loan that could affect the borrower's ability to repay the mortgage.
The FHA gift letter template must include the donor's name, relationship to the borrower, the amount of the gift, the purpose of the gift, and a statement confirming that the gift is not a loan.
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