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HUD CERTIFICATION EXAM 2024 ACTUAL EXAM COMPLETE 300 QUESTIONS WITH DETAILED VERIFIED ANSWERS BEST REVISION MATERIAL / ALREADY GRADED A+$18.49
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HUD CERTIFICATION EXAM 2024
ACTUAL EXAM COMPLETE 300
QUESTIONS WITH DETAILED
VERIFIED ANSWERS BEST REVISION
MATERIAL / ALREADY GRADED A+
A client has a monthly household income of $2,300,
monthly debt payments of $450, and an optimal monthly
housing ratio of 32%. What is the client's optimal monthly
housing payment?
-$592
-$736
-$880
-$1,186 - ....ANSWER...$736
What is the back-end ratio for a client with a monthly
housing expense of $1,250, a monthly total of $88 in other
consumer debt payments, and a gross household income of
$4,460 per month (rounded to the nearest whole percent)?
,2|Page
-29%
-30%
-31%
-32% - ....ANSWER...30%
A client earns a salary of $45,000 at a job held for three
years. The client has credit card bills, student loans, and a
car loan totaling $500 per month. The client has already
saved $3,500 for a down payment and is using an FHA
Energy Efficient Mortgage (EEM).
If the client wants to make the minimum down payment
for a home priced at $150,000, how much more does the
client need to save?
Under which condition would most down payment
assistance programs approve a waiver of the home-
ownership education requirement?
,3|Page
-Most will not waive the home-ownership education
requirement
-When the home-buyer has successfully passed a home-
ownership exam
-When the home-buyer has a verifiable disability or
handicap
-When the home-buyer has completed four years of
college - ....ANSWER...Most will not waive the home-
ownership education requirement
Which entity would be most likely to issue a Housing
Choice Voucher?
Local housing authority
HUD
Local nonprofit organization
Apartment complex - ....ANSWER...HUD
What is the purpose of the Veterans Affairs Supportive
Housing (VASH) program?
-To end veteran homelessness
, 4|Page
-To offer veterans the same benefits as the Housing Choice
Voucher Program
-To help veterans obtain a VA loan
-To provide rental vouchers to most veterans -
....ANSWER...To end veteran homelessness
Which is a typical responsibility of a landlord?
Completing a home inspection
Repairing a leak in the roof
Using part of the rental deposit for a utility deposit
Cleaning the inside of the unit once a month -
....ANSWER...Repairing a leak in the roof
Which type of assistance administered by a public housing
authority allows for location flexibility?
-USDA
-FHA
-Project-based vouchers
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