Homeownership Program Criteria

Generally, participation in the Homeownership program is limited to households with total household income between 30% and 80% of the area median income (AMI)

Minimum Income – The minimum income required is 30% of the AMI for the appropriate household size.

Maximum Income – The maximum income allowed is 80% of the AMI for the appropriate household size. While Habitat Detroit’s programmatic requirements allow for the eligibility of households with income up to 80%, some of the home buyer assistance programs and other funders with whom we partner have lower income limits (typically 60% AMI). In such cases, certain home buyer assistance funds or properties may not be available to households between 60% and 80% AMI. See the chart below for specific details per household size.


Homeownership Program Financial Criteria*

Income: Maintain annual gross income within our income guidelines (see chart) 

Household Size Minimum Income 30% AMI Maximum Income 80% AMI
1 $19,900 $53,050
2 $22,750 $60,600
3 $26,600 $68,200
4 $28,400 $75,750
5 $30,700 $81,850
6 $32,950 $87,900

*Note: Income guidelines are subject to change.

  • Credit score: 600+ preferred
  • Options available for those with nontraditional credit/no credit applicants
  • Savings: $2,000.00
  • Debt-to-income is below 43%
  • 0.5% of student loans in deferment or forbearance will be counted in the monthly debt payments. Ex: if you owe $40,000 in student loans, $200 will be counted in monthly debt payments
  • Liens or Judgement: None outstanding
  • Employment: Minimum of one year at current job, two years if self-employed
  • Bankruptcy: Minimum of two years since the bankruptcy, with 24 months of re-established credit
  • Foreclosure/Short Sale History: Minimum of three years since a foreclosure or short sale
  • Collections: Less than $1,000 in outstanding collections ($3,000 maximum if medical collections)

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