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HUD questions with correct answers latest 2023Primary 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 Rel...

HUD Certification questions with complete solution 2023Which 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 ...

HUD Exam Prep fully solved latest 2023% 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 Practice Test and Correct Answers 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 income as a w...

HUD Housing Counselor Exam correctly answered latest 2023Adjustable 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 ...

HUD Exam - Housing Affordability correctly answered 2023All 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 – Tenancy questions correctly answered correctly 2023Jake has a session with a new client, Ruth, later that day. She has received notice that her apartment complex, which offers her project-based housing assistance, will be sold to a new management company in six months. The new company w...

HUD Exam Prep (verified)2023Conventional 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, bankruptcy, ...

HUD Housing Counseling Exam correctly answered 2023Rental Obstacle + Solutions: Low Income -Some Renters reject people whose Rent would be more than 30% of GMI -Solutions -Apply for Housing Assistance -Expand housing search areas -Get a roommate -Move in w/family or friends Strategies f...

HUD Housing Counselor Certification Practice 100% correct answersWhat 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 requireme...