@Elijah Householder - FHA is a great loan for people who can't qualify for the 3% conventional products. 

I hadn’t heard of it til recently but am really liking the concept, especially for purchasing and renting homes from afar.

HUD defines an "affordable dwelling" as one that a household can obtain for 30 percent or less of its income.

I can’t confirm this person had bad intentions, so I’m not going to call them out, but I believe this concept is something people should be aware of.

I like the thought-provoking concepts mentioned.

The mechanics of getting there are very different, but the concept is the same.

At a time (like now) when rents and home prices are increasing much faster than household incomes, any program that helps tenants ease comfortably into home ownership is going to be a winner!

So, I think your concept of equity isn't quite on target or I am not understanding your question.I guess in your real number example, you seemed to have skipped over how you plan on buying the house. 

Her mother died so she took some time off of work and had to travel out of state to take care of her mother for a few months which hurt her income.Her husband sells commercial insurance and has been in the industry for 30 yearsShe came to me asking me to take out an unsecured personal load on a Velocity Baking concept where she would put her future income going forward back into my revolving line of credit.   

The concept holds true for most any partner or teammate.