Mort 203 - Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Mort 203? On this page you'll find 31 study documents about Mort 203.
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HUD Housing Counselor Study for Exam - JLM with 2022/2023 with complete solutions already graded A
- Exam (elaborations) • 8 pages • 2023
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Front end ratio (parts) 
Monthly Housing Expense / Gross Income 
 
 
 
Back End Ratio (parts) 
Monthly housing+debt (on credit report - car loan, credit cards & etc) / Gross Income 
 
 
 
Renter Ratio 
30% / 36% 
 
 
 
Conventional Ratio 
28% / 36% 
 
 
 
FHA (Federal Housing Administration) Ratio 
31% / 43% 
 
 
 
EEM - Energy Efficent Mort 
33% / 45% 
 
 
 
VA 
41% (must include child care with other debts) 
 
 
 
MIP 
Mortgage Insurance Premium 
 
 
 
FHA MIP ANNUAL COST 
0.80% TO 1.05% 
 
 
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