HUD Certification Exam Questions And Answers 2023/ HUD Certification Questions And Answers 2023/HUD Housing Counselor Certification Practice/HUD Practice Test Questions And Answers 2023/ HUD Exam- Homeownership/HUD Housing Counseling Exam/Housing Counselo

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 within one year. The client is motivated to increa...

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 requirements for down-payment assistance programs include which ...

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 save for a down payment and qualify...

Which factor is best for housing counselors to use when determining how much a client can afford to spend on purchasing a home? A. Debt to-income ratios B. Annual gross income C. Savings D. Options A, B, C E. None of the above - Answer- D. Options A, B, and C A person or company that makes ...

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 for decreasing expenses and debt - Answer- Pri...

Default - Answer- When no payments made after 60 to 90 days... 30 for FHA loans Front-End Ratio Equation - Answer- Monthly housing expenses/gross monthly income Front-End Ratio maximums - Answer- 28% or less - conventional loan 31% or less for FHA, 30% or less for rentals Back-End Ratio (D...

% 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% portion of score based on the rati...

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 save for a down payment and qualify...

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 ...