HUD Housing Exam Papers Complete Package Graded A+

HUD Certification All Answers Correct Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? Pay stub Retirement plan statement List of assets Current lease Pay stub A client would like purchase a home within one year....

HUD Exam Prep Complete Solutions % Impact of Account Payment History on Credit Score ️35% portion of credit score based on the payment history of accounts, including late payments, delinquencies, judgments, and liens % Impact of Amounts Owed on Accounts on Credit Score ️30% portion of...

HUD Housing Counselor Exam Complete Solutions 2024 Adjustable Rate Mortgage (ARM) Adjustable rate mortgages have an initial rate that applies for a defined period of time (typically from one month to 10 years), then adjusts at pre-determined intervals for the life of the loan. Interest rates c...

HUD Practice Test and Correct Answers Already Rated A Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? Pay Stub A client would like to purchase a home within one year. The client is motivated to increase household incom...

HUD Housing Counselor Certification Practice Verified Answers What is the maximum percent of area median income allowable for a household to qualify for a Housing Choice Voucher? ️50% Which is the maximum recommended housing ratio for renting an apartment? ️30% Eligibility requirements ...

HUD Practice Exam Verified Answers Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? List of Assets Retirement plan statement Pay stub X Current lease A client would like purchase a home within one year. The client ...

HUD Rated A+ Primary function of HUD Creating and managing programs to provide quality affordable housing, prevent housing discrimination and help build sustainable communities. HUD investigates complaints of housing discrimination based on? Race Color Religion National Origin Sex Di...

HUD Housing Counseling Verified Solutions Which document should the counselor review with the client to identify spending habits and track expenses? A. Credit report B. Pay stubs C. Bank Statement D. Tax returns Bank Statement Which additional information would the housing counselor ne...

HUD Exam - Housing Affordability Guaranteed Success All of the following are true statements about upfront costs associated with renting and buying, except; A. Renters generally pay a security deposit upon signing a lease. B. The average cost due upon signing a lease for a rental is typically...

HUD Exam Prep Already Graded A+ Conventional Loan Front end 28% Back end 36% can go up to 45% to 50%(debt to income), backed by private lenders. AKA prime loans. Good credit, 20% down payment. May have interest only terms FHA Front end 31% Back end 43% Limited funds, bad credit, bankrupt...

HUD Housing Counseling Exam Complete Guide Civil Rights Act of 1866 Federal law granting citizenship to former slaves; passed over Johnson's veto. (Race and Color) Fair Housing Act of 1968 banned discrimination in the rental or sale of housing (Race, color, religion, national origin) Hous...

HUD Exam- Homeownership Verified Answers Which factor is best for housing counselors to use when determining how much a client can afford to spend on purchasing a home? A. Debt to-income ratios B. Annual gross income C. Savings D. Options A, B, C E. None of the above D. Options A, B, ...

HUD Housing Exam Verified Solution Which document should the counselor review with the client to identify spending habits and track expenses: ️Bank statement Which additional information would the housing counselor need to prepare a household budget for this client? ️Net income Which i...

HUD Exam - Financial Management All Answers Correct All of the following would help a counselor develop a realistic household budget, except: A. Payment information for a paid-off car B. Amount spent on groceries C. Rent payment information D. Monthly cable bill Answer: A Since the car i...