Your Dream of Owning A Home Is Possible
Why now? The better question is, if not now, then when? When will we get to the point when enough is enough? When will be get to the point when we figure out money can not make us truly happy? What makes us happy is putting smiles on other families faces. Seeing that small child see their first bedroom without rats and roaches. Seeing those tears in a parents eyes; knowing they made the first steps to owning a new home that they can pass down to their children. Hearing those words,” They told me I will never own a home.” That’s why NOW.
How are we going to bring about change and how does it work? First it starts with you and us partnering up. We attain the vacant/ abandoned homes. We fix up the homes and get rid of infestations. We place the pictures and videos of the homes on our site for families to view. Several families might be interested in the same home. First parent/ guardian that has proper documents, will be the first in line. The qualifying parent or guardian does the budgeting/ finance classes and present the completed certificate to us. We go by 30% of the parent or guardian’s income. The parent or guardian pays a down payment ( which is at least the first, last and security) based on their income.
Example only: minimum wage (8.10)*40 hours/week=324/week*4 weeks=1,296/month*30%=389/month.
Based on the formula above the parent/guardian can only afford $389 per month. And that is what they will be paying every month until the house is paid off or a change in their income occurs. If a change happens, the formula will be done all over again. Now, the next question you might ask is why are they paying for the house every month, if we are also getting donations monetarily. There are several reasons why our families are paying every month.
When the families pay every month, they are helping to purchase and fix the home for the next family wanting a home and their own home as well. They are now partners with us and helping us to make changes in the housing sector. They are taking control of their budget and being an active part of their home buying experience. They are helping us put together the next event, so we can help more people. Sometimes people own homes they don’t want, but they still don’t want to part with it, even if it can help someone else. We want to be in a position to possibly purchase that home at a wholesale price.
The next question might be , how do we cover damage, insurance and taxes. That is where we get our funds together. Your donations help cover those types of costs. We want everyone to be able to own a house. In the United States there should be no families in shelters. Let’s change the world. Let’s teach our kids to care for more than themselves. We believe all things are possible to them than believe.
Are you are ready to take action . Are you ready to see change. Change starts with one family at a time. We can do this together.
- Main phone # 786-509-8280 for YWIFI LLC.
- On time payment reward system for renters
- Nondiscriminatory (every family should be given the chance to own a home)
- Faith based corporation (Christianity). BASED ON DONATIONS.
- Create win-win solutions to housing needs
- Established 2014 as a ministry and Housing integration in 2019
- Limited Liability Corporation
- Restore properties, rent-to-own
- 0% interest
- Application can take up to 1 year based on availability
- Can take up to 2 years for remodeling based on damages to existing structure
- We Give you a hand up, do NOT give hand outs
- 200 hours of volunteer service with You’re Worth It Foundation (offer volunteer opportunities for special needs)
- 30% of gross monthly income (includes property taxes, HOA, rent and home insurance) *Does Not include renters insurance ( client/partners personal property coverage/insurance)
- Minimum wage accepted (based on full time work)
- Set and fixed income accepted (based on minimum wage monthly gross income)
- First, last and security required before move in (based on 30% of gross monthly income)(must have proof of income)
- Section 8 accepted
- Rent re-evaluations done yearly (or if change in income)
- Can be evicted due to nonpayment
- Able to purchase home at anytime at market value
- Home size based on family dynamics
- Partner pays own light and water bills
- Can NOT add on structures when renting the home
- Children of same gender share rooms
- Location varies
- Qualification Requirements: permanent residency, citizenship
- Need for decent home
- Able to pay rent
- Willing to be a partner
- Make home visit to verify need
- Check credit history (not used to disqualify client/partner)
- Check background (not used to disqualify client/partner)
- 6 months of steady income
- No minimum credit score
- Program requirements (note* also used towards the 200 volunteer hours)
-Budgeting and finance management classes (proof required) must finish all class before moving in (with approved partner of YWIFI)
-Home maintenance courses (hands on and classes)
- No transportation provided to get to site and no childcare given to do volunteer hours
- Make your own copies of personal documents
- Must physically live on rental property (all occupants MUST be on application)
- No subletting
- Enables families to rent until able to purchase home
- Partner/ homeowner will pay their own taxes, insurance and HOA fees once they own the home (meaning home is paid in full)
- Partner is required to maintain yard (any citations acquired for lack of maintenance is partner’s responsibility)
- Random property checks are done through out rent to own period to ensure property safety, cleanliness and livability (minimum of 24 hour notice given) does not apply to emergency situations i.e fire, flood etc.
- Allow pets (additional fees applied at the expense of partner/ client)
- Can not keep non working vehicles on property during renting period and all fees are the vehicle owners responsibility (towing based on home location and city)
- There is a $25 charge for late monthly payments received after 10 days, from payment due date.