Non Borrower Contribution Letter Sample

Are you in need of a Non Borrower Contribution Letter Sample? Look no further! Below, you will find examples of Non Borrower Contribution Letter Samples that you can use and modify as needed.

The Importance of Non Borrower Contribution Letter Sample

When applying for a loan, lenders often require borrowers to provide documentation regarding the source of their funds to ensure that the money being used for the down payment or closing costs is legitimate. In some cases, borrowers may receive financial assistance from non-borrowers, such as family members or friends, to help with these expenses. A Non Borrower Contribution Letter is a formal document that explains the relationship between the borrower and the non-borrower providing the funds, as well as the intention behind the financial contribution.

Provides clarity to lenders regarding the source of funds
Helps prevent fraud or money laundering
Verifies the legitimacy of the financial contribution

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Example of Non Borrower Contribution Letter Sample

Dear [Recipient’s Name],

I am writing this letter to confirm that I, [Non-Borrower’s Name], will be providing financial assistance to [Borrower’s Name] for the purpose of [reason for financial assistance, e.g., down payment on a house].

I am [relationship to borrower, e.g., parent, sibling, friend] of the borrower and have agreed to contribute [dollar amount] towards the [specific purpose, e.g., down payment] on the property located at [property address].

This financial contribution is a gift and does not require repayment. I have attached proof of the funds being transferred to the borrower’s account for your reference.

If you require any additional information or documentation, please do not hesitate to contact me at [phone number] or [email address].

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Sincerely,

[Non-Borrower’s Name]