HUD

HUD CERTIFICATION 2025/2026 QUESTIONS WITH ANSWERS RATED A+

HUD CERTIFICATION COMPREHENSIVE EXAM 2025/2026 QUESTIONS WITH ANSWERS RATED A+

HUD CERTIFICATION CORE EXAM MANUAL 2025/2026 QUESTIONS WITH ANSWERS RATED A+ Real Estate Agent Licenses - Check the licenses of real estate agents or brokers and lenders to ensure they are legitimate professionals. Online Reviews - Read online reviews about homebuying professionals you are considering. Referrals from Family and Friends - Request referrals of homebuying professionals from family and friends. Bank References - Seek references for homebuying professionals from your bank. ...

HUD CERTIFICATION EVALUATION EXAM 2025/2026 QUESTIONS WITH ANSWERS RATED A+ Consumer Rights - The section of the credit report that contains information about how to correct inaccuracies. Account History - Credit: Payment history of accounts, including late payments, delinquencies, judgments, and liens. Amounts Owed - Credit: Ratio of total credit extended to the amount of credit owed. Length of Credit History - Credit: Overall length of credit history in the report as well as the averag...

HUD CERTIFICATION EXAM SCRIPT 2025/2026 QUESTIONS WITH ANSWERS RATED A+ Actual Cash Value vs. Replacement Cost - Replacement cost policy is better. Example: old refrigerator actual cash $50 vs replacement $1700 Arrearages - The total amount of past due payments owed to a lender from a borrower in mortgage payment or to a landlord from a tenant in rental payments also called arreas. Notice to Tenant - When: Start of the eviction process Who: The landlord or someone appointed by the landlo...

HUD CERTIFICATION EXAM STUDY GUIDE 2025/2026 QUESTIONS WITH ANSWERS RATED A+ Conventional - Score: 620 Front End Ratio: 28% Back End Ratio: 36% can be higher in certain circumstances Fannie Mae Home HomeReady - offer low down payment, flexible funding, reduced mortgage insurance and $2500 credit for low-income borrowers. FHA 203b - most widely used FHA loan, 1-4 family residences. Single upfront MIP charge paid in cash or added to loan. Allows all or some of down payment to be a gift fr...

HUD CERTIFICATION EXAMINATION SET 2025/2026 QUESTIONS WITH ANSWERS RATED A+ In reviewing a loan estimate, the housing counselor finds fees for services that seem unnecessary. What is the most likely explanation for these fees? Choose one: A- Predatory lending practices B- Subprime mortgage terms C- Regional lending considerations D- Variation in lending practices - A- Predatory lending practices The client thinks her cost of living is going to be the same because her mortgage payment an...

HUD CERTIFICATION FINAL PAPER 2025/2026 QUESTIONS WITH ANSWERS RATED A+ Stop Payment Fee - Fee charged to invalidate a check before it is cashed. NSF Fee - Fee charged if there is not enough money in an account to cover a check payment of other purchase. CD; Money Market; High-Interest Account - Examples of accounts that would be ideal for short-term large purchase savings Renters Insurance - An insurance policy that provides coverage for damages, within a rental property, to renters'...

HUD CERTIFICATION REVISION EXAM 2025/2026 QUESTIONS WITH ANSWERS RATED A+ delinquent - The failure of a borrower to make timely payments under a loan agreement. Most mortgages allow for a grace period, generally ten to fifteen days, before a late fee may be assessed. Amounts Owed - Credit: Ratio of total credit extended to the amount of credit owed. Length of Credit History - Credit: Overall length of credit history in the report as well as the average age of accounts. Types of Credit -...