Finance
A Wisconsin homebuyer receives a gift of $20,000 from their parents for a down payment. The lender will typically require a:
AGift tax return from the parents
BGift letter confirming the funds are not a loan and don't require repayment✓ Correct
CCourt order transferring the funds
DLetter from DSPS approving the gift
Explanation
Lenders require a gift letter documenting that the funds are a true gift — not a loan to be repaid — signed by both the donor and recipient. This is standard mortgage underwriting practice.
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