Can you put $50,000 cash down on a house and simply say that the money "was a gift"? Will you need proof of this? If so, what kind of proof?

I put only 6,000 down and had to show proof that this was a gift. My proof was in the form of a notarized letter from the person who gave the gift.

Mweg:

BSN22 is correct. Mortgage companies do not want to have you owe anyone else on your house "off the books". Expect any amount of $5,000 to be scrutinized thoroughly.