What Is A Gift Letter?

We get a lot of questions about Real Estate in Santa Clarita. This week we’re answering your question what is a gift letter?

A: A gift letter is when an individual gives you money for a down payment as a gift, that person must write you a gift letter so that it can be included in your loan documentation. This verifies where the money is coming from.

If you are considering making the transition into homeownership, be sure to contact us here, or at 661-373-2374 for all your real estate needs.

Author: Robert Mickalson

Robert Mickalson created the Mickalson Group at Real Brokerage in Santa Clarita. He has been serving home buyers and sellers in and around Santa Clairta, CA for two decades. Robert's passion is to empower his clients with the most relevant housing market information. Bringing a boots on the ground perspective to this blog and also to his newsletter, SCV Cul-de-Scoop, are just a few ways Robert is able to help his clients, and the citizens of North LA County as a whole.