If you plan to use gift money as part of your down payment for your property Jacksonville Fl, ask your lender about their policies regarding gifts. The gift may come from family, friends or other sources, but most lenders necessitate a “gift letter” stating that the gift does not have to be repaid. Various lenders in Jacksonville Florida may require that you pay at least a fraction of the down payment with your own cash; many lenders allow you to use gift funds for the down payment and for related closing costs.