DIY Legal Forms

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Letter Of Contribution To Down Payment

(Note: Many parents or other relatives will offer to contribute sums to let their children or other relatives buy a home. This form creates a "letter of contribution" which can be used to give to bank officers or others during qualifying for a mortgage.)

Contributor will make a gift of at least [$------] to [Name] and [Name] Buyer, as a contribution to the down payment to be made towards purchasing a primary residence for the Buyers.

This contribution will be made as an addition to the down payment.

This offer to make a contribution shall expire on [Date].

This offer is made contingent upon the amount of the contribution being made a lien on the property, due and payable at the time of sale of the property.

The priority of the lien will be junior to any other purchase money financing.

This offer is also made contingent upon the following conditions:

Dated:

Signature

Contributor

Signature

Buyer(s)

This Section for Notary:

Acknowledgment

STATE OF -------)

) ss: [date]

COUNTY OF ------)

On [Date] before me, [Name of Notary], notary, personally appeared [Name of Person(s) Involved], personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

Witness my hand and official seal.

[signature]

[Name of Notary Public]

My commission expires: [date]

(Seal)