Last reviewed 10-31-2026Short-Sale.com Editorialglossary

Gift Letter

FreddieMac

Updated 10-31-2026

Gift Letter

A letter written by a family member verifying that a certain amount of money was given to you as a gift and that you don't have to repay it. You can use this money toward a portion of your down payment with some mortgages.

FreddieMac Glossary

FreddieMac · p. 7

FTC

Updated 10-31-2026

Gift Letter

A letter that a family mem-ber writes verifying that s/he has given you a certain amount of money as a gift and that you don't have to repay it. You can use this money towards a portion of your down payment with some mort-gages.

FTC Real Estate Terms

FTC · p. 8

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