Do I need a physical letter for monies that I was gifted? Notarized?

Double check with your specific Lender. Typically, the gift giver is required to provide a signed letter with specific language. This needs to be signed (not eSigned) by the gift giver. I have never been required by any underwriter to have the letter notarized. Make sure you understand the documentation requirements your lender will insist upon. All to often, I see family members trying to give cash. Lenders will not accept that because it cannot be verified where the cash originated. Generally, they will want to see the bank statements of the gift giver to show the giver had the funds to give. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Licensed in Arizona, California, Georgia, Oregon, and Washington. Need help in other states? We've got you covered. NEXA Mortgage is licensed in 46 states ~ www.ApplyYes.com 480-889-9000.