WEST U MORTGAGE

GIFT LETTER

mortgage loan with WEST U MORTGAGE in order to purchase the property located at:

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with the understanding that the borrower(s) have no obligations to pay back either in money or in future

services or otherwise. The funds given to the borrower(s) came from my/our own funds, and were not

made available to the donor from any person or entity with an interest in the sale of the property including

the seller, real estate agent, broker, builder, loan officer or any entity associated with them.

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Donor Signature Date

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Donor Signature Date

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Please Print Donor(s) Name(s)

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Donor(s) Address Phone Number

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City, State, Zip

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Borrower Signature Date

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Borrower Signature Date

*By signing above, you are also giving authority to WEST U MORTGAGE to contact your

bank and confirm that the funds you are gifting are in your account or to paper-trail the funds you

have gifted to the borrower(s) if you do not wish to provide a bank statement showing the funds are

currently in your account.

GIFT LETTER INSTRUCTIONS

The following are instructions as to the correct handling of the Gift Letter and Check:

1. The Donor is to fill out the above form.

2. The Gift Letter should be signed by the Borrower(s) and Donor(s).

3. After completion, the Gift Letter should be sent to your Loan Processor as soon as possible.

4. The Donor(s) of the Gift should provide a Cashier’s Check, with the check made payable to the Borrower(s)

and the Donor(s) name printed on the check as the remitter.

FHA ONLY: The Cashiers check should have the account number of the account the gift funds were

withdrawn from and a bank statement from the gift donor showing the gift funds were withdrawn

from the donors account or a copy of the donors withdrawal slip or canceled check.

5. The amount of the Gift indicated on the Gift Letter must match the amount the check is made out for.

6. The Cashiers Check should be brought to closing and a copy should be sent to your processor at least 3 days

prior to closing.

7. Borrower(s) will then endorse the check over to title company at closing.

Cashier’s Check Example:

*AMOUNT ON CHECK MUST MATCH GIFT LETTER AMOUNT

Authorized Signature:_____________________