Package deal for HUD Housing Counselor Certification Practice Exam with 100% Correct Answers 2023

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

Deed Restrictions - Correct answer-Legally enforceable terms that govern the use of real estate Redlining - Correct answer-The practice of refusing to make residential loans or imposing more onerous terms on any loans made because of the predominant race, color, national origin, religion, sex, d...

HUD Practice test 1) A client would like to purchase a house within one year. The client is motivated to increase household income as a way to save for a down payment and qualify for a loan. Which is the best solution for the client to reach this goal? - Correct answer-Find a second job 2) Six ...

HUD Exam Prep % Impact of Account Payment History on Credit Score - Correct answer-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 - Correct answer-30% portion...

HUD Housing Counselor Exam Adjustable Rate Mortgage (ARM) - Correct answer-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 can increa...

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

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

HUD Certification 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 - Correct answer-Pay stub A client would like purchase a home within one year. The client...