Hud questions and answers - Study guides, Class notes & Summaries

HUD Certification Exam Questions and Answers Already Passed Deed Restrictions Legally enforceable terms that govern the use of real estate Redlining 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 Following the assassination of Dr. Martin Luther King Jr., Congress passed what monumental piec...

HUD /HUD HOUSING COUNSELOR CERTIFICATION PRACTICE EXAM ACTUAL EXAM 130 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

HUD Certification Questions and Answers 100% Pass 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 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 Bo...

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HUD Exam - Housing Affordability | 100% VERIFIED QUESTIONS AND ANSWERS

HUD CERTIFICATION QUESTIONS AND ANSWERS

HUD Test 1 Questions and Answers (Graded A)HUD Test 1 Questions and Answers (Graded A)HUD Test 1 Questions and Answers (Graded A)HUD Test 1 Questions and Answers (Graded A)HUD Test 1 Questions and Answers (Graded A) Which document should the counselor review with the client to identify spending habits and track expenses? - ANSWER-Bank Statement Which additional information would the housing counselor need to prepare a household budget for this client? - ANSWER-Net income Which item in the...

Which document should the counsellor review with the client to identify spending habits and track expenses? - Bank Statement Which additional information would the housing counsellor need to prepare a household budget for this client? - Net income Which item in the client's budget is a fixed expense? - Car lease payment What is the maximum percent of area median income allowable for a household to qualify for a Housing Choice Voucher? - 50%

HUD Certification Exam Questions and Answers (Graded A) HUD Certification Exam Questions and Answers (Graded A) HUD Certification Exam Questions and Answers (Graded A) HUD Certification Exam Questions and Answers (Graded A) 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...

Does HUD require a credit check? - Not technically Andy must check a box saying that the borrower has a clean credit background, and no outstanding liens, judgement, etc..The only way to be able to check this box with confidence is to have a full credit check performed on each borrower. How are the MIP payments calculated - 65bps applied to the (to-be) amortized balance at the end of the CURRENT loan year. What are potential consequences of moving closing a HUD deal with one owner/operator ...