Use this letter to prepare your clients to demonstrate the source of their down payment, especially concerning down payments originating from large deposits. Many clients don’t realize that lenders will want documentation for large deposits, gifts, awards, and other sources. This is also useful for parents and friends who may be offering to help your clients with a down payment.
Be proactive! Protect and prepare your clients by making them aware of this requirement and how to go about preparing valid documentation for down payment help.
This letter can also be used as an email message or even a newsletter piece with some mild customization.
Included in the downloadable .zip file is:
- A PDF file with instructions on how to use the letter (and the full copy of the letter)
- Original Word .doc file
- Original plain text .txt file