HUD Housing Counselor Certification COMPLETE BUNDLED 2024 Update. Already Passed!!

HUD Exam Prep 2024 WITH CORRECT ANSWERS 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, bank...

HUD Certification 2024 QUESTIONS AND SOLUTIONS 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 - Answer -Pay stub A client would like purchase a home withi...

HUD Practice Test WITH ANSWERS Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? - Answer -Pay Stub A client would like to purchase a home within one year. The client is motivated to increase household income as a way to sav...

HUD Housing Counselor Exam WITH SOLUTIONS Adjustable Rate Mortgage (ARM) - 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...

HUD Housing Counseling Exam 2024 WITH SOLUTIONS Rental Obstacle + Solutions: Low Income - Answer --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...

HUD EXAM PREP 2024 WITH SOLUTIONS % Impact of Account Payment History on Credit Score - 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 - Answer -30% p...

HUD Housing Counselor Certification Practice 2024 CORRECT ANSWERS What is the maximum percent of area median income allowable for a household to qualify for a Housing Choice Voucher? - Answer -50% Which is the maximum recommended housing ratio for renting an apartment? - Answer -30% Eligibility...