HUD Certification
Liberty University
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HUD Practice Exam 2023 Questions $ Answers ( Rated A+)
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1.	Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan?: List of Assets 
Retirement plan statement Pay stub X 
Current lease 
2.	A client would like purchase a home 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?: 
3.	A credit report may contain which information?: Income history Crimin...
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HUD Assessment QUESTIONS AND ANSWERS ALL CORRECT
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Which document should the counselor review with client to identify spending habits and track expenses? Correct Answer: Bank Statement 
 
Which additional information would the housing counselor need to prepare a household budget? Correct Answer: Net Income 
 
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% 
 
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HUD Exam – Tenancy QUESTIONS WITH COMPLETE SOLUTIONS
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Jake 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 will renovate the building and will no longer participate in the project-based assistance program. To help Ruth find another affordable rental option, Jake should take all of the following steps, except: 
A. Provide Ruth with contact information for local housing a...
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HUD Exam - Fair Housing. QUESTIONS AND ANSWERS. 100% CORRECT
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Which describes the legally enforceable terms that govern the use of real estate? 
A. Residential security restrictions 
B. Deed restrictions 
C. Redlined Maps 
Government-sponsored deeds Correct Answer: B. Deed Restrictions 
-Deed restrictions are legally enforceable terms that govern the use of real estate. Deed restrictions that discriminate based on any of the seven prohibited bases for discrimination are illegal and unenforceable. 
 
Which is the practice of refusing to make residential lo...
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HUD Housing Counseling Exam| 198 QUESTIONS| WITH COMPLETE SOLUTIONS
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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 of 1968 
 
added gender (sex) to the protected classes Correct Answer: Housing and Community Development Act of 1974 
 
Added Disability and familial status to protected classes. Correct Answer: Fair Housing Amendments Act of ...
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HUD Housing Counselor Certification Practice QUESTIONS AND ANSWERS | 100% CORRECT
- Exam (elaborations) • 26 pages • 2022
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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 requirements for down-payment assistance programs include which factors? Correct Answer: Income, home-buyer education, purchase price 
 
The client is considering an FHA mortgage. What is the upfront mortgage insurance premium (UFMIP) for an 
FHA mo...
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HUD Practice Test and Correct Answers
- Exam (elaborations) • 8 pages • 2022
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Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? Correct 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 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 
 
A credit report may contain which information? Correct Answer: The number of a...
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HUD Certification 90 QUESTIONS WITH COMPLETE SOLUTIONS
- Exam (elaborations) • 19 pages • 2022
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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 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? 
 
Find a second job 
Borrow from retirement fund 
...
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HUD Exam Prep| 196 QUESTIONS| WITH COMPLETE SOLUTIONS
- Exam (elaborations) • 35 pages • 2022
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% 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 of score based on the ratio of total credit extended to the amount of credit owed 
 
% Impact of Length of Credit History on Credit Score Correct Answer: 15% 
portion of score based don the overall length of cre...
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HUD Certification Exam| 115 QUESTIONS| WITH COMPLETE SOLUTIONS
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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, disability, or familial status of the area's residents. 
 
Civil Rights Act of 1968 Correct Answer: Following the assassination of Dr. Martin Luther King Jr., Congress passed what monumental piece of ...
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