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HUD HOUSING COUNSELOR CERTIFICATION EXAM 2024 ACTUAL EXAM COMPREHENSIVE QUESTIONS WITH DETAILED VERIFIED ANSWERS BEST REVISION MATERIAL / ALREADY GRADED A+ PASSED 100% ASSURED!! CA$23.19   Add to cart
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HUD HOUSING COUNSELOR CERTIFICATION EXAM 2024 ACTUAL EXAM COMPREHENSIVE QUESTIONS WITH DETAILED VERIFIED ANSWERS BEST REVISION MATERIAL / ALREADY GRADED A+ PASSED 100% ASSURED!!
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HUD HOUSING COUNSELOR CERTIFICATION EXAM 2024 ACTUAL EXAM COMPREHENSIVE QUESTIONS WITH DETAILED VERIFIED ANSWERS BEST REVISION MATERIAL / ALREADY GRADED A+ PASSED 100% ASSURED!!

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  • August 30, 2024
  • 44
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • hud housing counselor certification

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  • HUD HOUSING COUNSELOR CERTIFICATION
  • HUD HOUSING COUNSELOR CERTIFICATION

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8/30/24, 8:58 AM HUD HOUSING COUNSELOR CERTIFICATION EXAM 2024 ACTUAL EXAM COMPREHENSIVE QUESTIONS WITH DETAI…




HUD HOUSING COUNSELOR CERTIFICATION
EXAM 2024 ACTUAL EXAM COMPREHENSIVE
QUESTIONS WITH DETAILED VERIFIED
ANSWERS BEST REVISION MATERIAL /
ALREADY GRADED A+ PASSED 100% ASSURED!!

Terms in this set (127)

What is the maximum 50%
percent of area median
income allowable for a
household to qualify for a
Housing Choice Voucher?

Which is the maximum 30%
recommended housing
ratio for renting an
apartment?

Eligibility requirements for Income, home-buyer education, purchase price
down-payment assistance
programs include which
factors?

The client is considering an 1.75%
FHA mortgage. What is the
upfront mortgage
insurance premium
(UFMIP) for an
FHA mortgage?




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,8/30/24, 8:58 AM HUD HOUSING COUNSELOR CERTIFICATION EXAM 2024 ACTUAL EXAM COMPREHENSIVE QUESTIONS WITH DETAI…

If the client was denied a Contact the Federal Trade Commission as the lender's
mortgage loan and the action might violate the Equal Credit Opportunity Act
lender told him to come
back after his divorce had
been final for three years,
what is the best advice for
the housing counselor to
provide to the client to
report a violation to
ECOA?

A question from a lender Inappropriate
on the client's Medical
History would be
inappropriate or
appropriate?

Who is responsible for Housing Counselor
educating home-buyers
about their rights?

In order to minimize the A 30-day period
impact on the client's
credit score, what is the
maximum time frame within
which the client should
apply for pre-approval
from multiple lenders?

What are the Examine mechanical systems, Evaluate the condition of
responsibilities of a home a home, Identify items to be repaired or replaced
inspector?

Which is the best reason To compare loan estimates
that a housing counselor
would suggest that a client
speak to three to five
different lenders?




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,8/30/24, 8:58 AM HUD HOUSING COUNSELOR CERTIFICATION EXAM 2024 ACTUAL EXAM COMPREHENSIVE QUESTIONS WITH DETAI…

Which is the best advice Review credit report at least once per year
that a housing counselor
can give the client to
protect against identity
theft?

The client tells the lender Provide a loan estimate without factoring in the raise
that he is expecting a raise
soon. Should the Lender
provide a Loan Estimate
(LE) with, or without
factoring the raise?

If this client obtains a $3000 to $4000
mortgage of $100,000,
typically, how much should
he expect to pay for
closing costs?

Is Application Fee an Renting
upfront cost of clients who
are considering renting or
buying a property?

A client wants to Home-ownership
customize his home with
do-it-yourself projects, this
is an indication the client is
best aligned with which
housing option; Home-
ownership or Renting?

The client's gross monthly $1,065
income is $4167 and the NOTE: The maximum front-end ratio for a standard
monthly debts are $435. conventional loan is 28%, and the back-end ratio is
What is the maximum 36%. The front-end ratio is calculated as 28% of the
mortgage payment client's monthly income of $4,167, which is $1,167. The
(rounded to the nearest back-end ratio is calculated as 36% of the
dollar) for which this client client's monthly income of $4,167 minus the client's
would qualify using a monthly debt of $435, which equals $1,065. Therefore,
standard conventional the maximum loan payment that the client qualifies for
loan? is the lower of the two numbers, which is $1,065.

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, 8/30/24, 8:58 AM HUD HOUSING COUNSELOR CERTIFICATION EXAM 2024 ACTUAL EXAM COMPREHENSIVE QUESTIONS WITH DETAI…

Which is the maximum 43%
debt-to-income ratio
allowable for an FHA
loan?

Which is the maximum 45%
debt-to-income ratio
allowable for an FHA
Energy Efficiency
Mortgage loan?

The client's gross monthly 33%
income is $4167 and the
monthly debts are $435.
With a monthly mortgage
payment of $950, which is
the client's debt-to-income
ratio (round to the nearest
whole percent)?

The client's gross monthly $1,292
income is $4167 and the
monthly debts are $435. If
the client seeks an FHA
Energy Efficient Mortgage
(EEM) loan, what is the
maximum housing
payment for which he can
qualify (rounded to the
nearest dollar)?

Current principal balance


On which factor is a NOTE: The annual mortgage insurance premium (MIP)
borrower's annual is based on the unpaid principal balance of the loan.
mortgage insurance The loan-to-value ratio is used to determine when
premium (MIP) based? private mortgage insurance (PMI) can be dropped
from the loan. Credit scores do not affect MIP but
might affect PMI.




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