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Young Familys Foundation YFF Coeur dAlene CDA Resort General Background.webp

interested in partnering with us?

Lender Process

If you're a lender and would like to partner with us, please read and acknowledge the criteria listed below. We will then reach out to start the approved lender process. We look forward to working with you to help young families in Idaho purchase a home!

Eligibility Guidelines to Receive Financial Support from Young Family’s Foundation

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1. INCOME AND EMPLOYMENT REQUIREMENTS​

  • At least one parent must be employed full-time, or both parents working a minimum of part-time.

  • Family income must fall within a reasonable range, e.g., 80%-120% of the Area Median Income (AMI) for their location, ensuring they are not over or under qualified.​​​​​​​​​​​​

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2. FAMILY REQUIREMENTS

  • Must have at least one dependent child under 18 years old living in the household.

  • Must demonstrate stability in family circumstances (e.g., no history of recent evictions, solid rental history).​


3. HOME PURCHASE CRITERIA

  • The home purchase price must not exceed $575,000 (or adjusted based on local housing market conditions).

  • The property must serve as the family’s primary residence.

  • The home must pass an independent inspection to ensure it is safe and meets local housing standards.

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4. FINANCIAL QUALIFICATIONS

  • Must be working with a qualified Young Family's Foundation lending partner.

  • The gap in funding required to close the home purchase must not exceed $20,000 (or a foundation-specified cap).

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5. SAVINGS AND CONTRIBUTION REQUIREMENTS

  • Family must contribute at least .50% of the home down payment from their savings to demonstrate commitment.

  • Credit score of at least 620.​

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6. RESIDENCY REQUIREMENTS​

  • Preference may be given to families with longstanding ties to the area, such as local employment or extended family nearby.

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7. COMMUNITY AND EDUCATIONAL COMMITMENT​

  • Family agrees to participate in first-time homebuyer education workshops to strengthen financial literacy, budgeting, and property maintenance skills.​

  • Willingness to engage with the foundation community-building activities, as appropriate, to foster long-term stability and shared values.​

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8. PARTNERSHIP AND FOLLOW-UP​

  • Family agrees to meet with Young Family's Foundation and to remain in contact with the foundation for at least one year post-purchase to track the program’s success and ensure financial sustainability.​

  • Family agrees to share the story of how Young Family’s Foundation helped them if asked (e.g., videography with YFF).

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9. DOCUMENTATION REQUIRED​​​

  • Bank or lender pre-approval letter with specified funding gap.

  • Proof of dependent children (e.g., birth certificates).

  • Inspection report for the prospective home.​

Want to partner with us as a lender?

Partnering with Young Family's Foundation as a lender means joining a mission to empower young families on their journey to homeownership. Together, we can provide the tools and opportunities these families need to achieve their dream of owning a home, while expanding your reach to a new generation of homeowners.

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