Income, Ratios & Unmet Need

How is the 30% housing ratio calculated?

The program uses total household income (not just borrower income) to calculate the housing expense ratio. 
 

Does the 30% ratio vary by loan type (FHA vs Conventional)?

No. The 30% housing ratio requirement is consistent across loan types.
 

How is “unmet need” determined?

Unmet need is the gap between total funds needed to close and other assistance outside of Detroit DPA available to the borrower.