FHA Gift Letter Affidavit 2012-2025 free printable template

FHA GIFT LETTER AFFIDAVIT Loan Property Address The undersigned herewith assert that they will provide an outright gift as described below to assist the recipient in the closing of a real estate loan. The recipient will neither be obligated to repay the principal nor pay interest on this gift at any time.

How to fill out FHA Gift Letter Affidavit

How to fill out FHA Gift Letter Affidavit

1. Obtain the FHA Gift Letter Affidavit form from your lender or online.
2. Fill in the date at the top of the letter.
3. Include the name and address of the donor (the person giving the gift).
4. Provide the name and address of the borrower (the person receiving the gift).
5. State the relationship between the donor and borrower (e.g., parent, sibling, etc.).
6. Specify the amount of the gift being provided.
7. Confirm that the funds are a gift, not a loan, and there is no expectation of repayment.
8. Have the donor sign and date the affidavit.
9. Include any additional supporting documentation, if required by the lender.
10. Submit the completed gift letter affidavit to the lender with your mortgage application.

Who needs FHA Gift Letter Affidavit?

1. Anyone applying for an FHA loan who is receiving a financial gift from a family member or close friend to help with the down payment or closing costs.

People Also Ask about

What is the requirement for affidavit support?

A financial sponsor, including a petitioner, must be at least 18 years old and either a U.S. citizen or a lawful permanent resident (LPR). The sponsor must also have a domicile (residence) in the United States.

How do I write an affidavit letter of support?

Affidavit of Support Format An Affidavit of Support must contain the following: The person providing the Affidavit of Support's full name, address, date, and place of birth. They should explain what their relationship with you and your spouse is (for example, friend or pastor) They must explain how they came to know

Does a affidavit of support letter need to be notarized?

The letter does not need to be notarized, but it is important to include a sworn statement that states, “I swear, under penalty of perjury, that the foregoing is true and correct to the best of my knowledge.” The petitioner should understand that an affidavit is only supporting evidence.

Does form I-864A need to be notarized?

Form I-864A must be notarized by a notary public. Each contract must be properly signed before a notary public and filed. For all signatures on this contract, USCIS will not accept a stamped or typewritten name in place of a signature. A legal guardian may also sign Form I-864A for a mentally incompetent person.

What form is needed for affidavit of support?

An Affidavit of Support, also called the Form I-864, is a document an individual signs to accept financial responsibility for the applicant who is coming to live in the United States.

Can I be my own affidavit of support?

For a family-based immigrant visa, you cannot sponsor yourself. The petitioner must file Form I-864, Affidavit of Support, on your behalf. In certain situations you may be able to include your income and/or assets with the petitioner's household income/assets.

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What is FHA Gift Letter Affidavit?

The FHA Gift Letter Affidavit is a document that confirms that a monetary gift provided to a borrower for their home purchase is indeed a gift, and not a loan that must be repaid.

Who is required to file FHA Gift Letter Affidavit?

Any borrower utilizing gift funds for a down payment or closing costs in an FHA loan must file the FHA Gift Letter Affidavit.

How to fill out FHA Gift Letter Affidavit?

To fill out the FHA Gift Letter Affidavit, the donor must provide their name, contact information, amount of the gift, relationship to the borrower, and a statement confirming that the funds are a gift and do not require repayment.

What is the purpose of FHA Gift Letter Affidavit?

The purpose of the FHA Gift Letter Affidavit is to verify that the funds provided to the borrower are a gift, ensuring compliance with FHA loan requirements regarding down payment sources.

What information must be reported on FHA Gift Letter Affidavit?

The FHA Gift Letter Affidavit must report the donor's name, donor's address, donor's relationship to the borrower, the amount of the gift, the property's address, and a statement that the funds are a gift and do not need to be repaid.