Housing payment ratio - Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Housing payment ratio? On this page you'll find 1151 study documents about Housing payment ratio.
Page 4 out of 1.151 results
Sort by
-
HUD Housing Counselor Certification Practice
- Exam (elaborations) • 23 pages • 2023
-
Available in package deal
-
- $12.49
- + learn more
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 factors? - 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 mortgage? - Answer- 1.7...
-
HUD Housing Counselor Certification Practice Questions with 100% Correct Answers
- Exam (elaborations) • 49 pages • 2024
- Available in package deal
-
- $13.49
- + learn more
HUD Housing Counselor Certification Practice 
Questions with 100% Correct Answers 
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 mortgage? - Correct Answer ️️ -1.75% 
If ...
-
HUD Housing Counseling Exam 100% Correct
- Exam (elaborations) • 35 pages • 2024
-
Available in package deal
-
- $13.49
- + learn more
Back-end ratio - ANSWER The back-end ratio (or debt-to-income ratio) compares total debt to gross monthly income. The client's only debt is a $435 lease payment, so the $950 mortgage payment brings his total monthly debt to $1,385. He earns $50,000 per year, which equals $4,166.67 per month. The client's total current expenses divided by gross monthly income equals 52%. The client's combined current housing payment and car payment divided by gross monthly income equals 24%. 
Calculation: 
Deb...
-
Gold Coast Chapter 13:questions n answers graded A+ 2024/2025
- Exam (elaborations) • 39 pages • 2024
- Available in package deal
-
- $19.99
- + learn more
Gold Coast Chapter 13: 
Although there are a number of different methods for repaying a loan, there are only 3 types of mortgages: - correct answer FHA insured; 
 
VA guaranteed; 
 
And conventional. 
 
FHA insured mortgage loans: - correct answer The Federal Housing Administration (FHA) is a part of the U.S Department of Housing and Urban Development (HUD). ***The FHA DOES NOT make loans. Instead, it insures loans made by approved local lenders. The loan is funded by a lending institution, su...
-
Xinnix SOAR Final Questions With Correct Solutions, Already Passed!!
- Exam (elaborations) • 54 pages • 2024
- Available in package deal
-
- $7.99
- + learn more
Using the information provided, answer the following question: 
Sales price = $225,000 
Seller Contribution = $6,000 
Closing Costs = $5,580 
Prepaids = $2,250 
What is the cash-to-close? - $9,705 
A refinance transaction resulting from a divorce settlement where either the borrower or the coborrower is required to "buy-out" the other party's interest in the mortgage property, is considered a 
rate and term refinance as long as the borrower who acquires sole ownership receives no cash out of ...
And that's how you make extra money
-
HUD Housing Counseling Exam 100% correct
- Exam (elaborations) • 35 pages • 2024
-
Available in package deal
-
- $13.49
- + learn more
HUD Housing Counseling Exam 100% correct 
Back-end ratio - ANSWER The back-end ratio (or debt-to-income ratio) compares total debt to gross monthly income. The client's only debt is a $435 lease payment, so the $950 mortgage payment brings his total monthly debt to $1,385. He earns $50,000 per year, which equals $4,166.67 per month. The client's total current expenses divided by gross monthly income equals 52%. The client's combined current housing payment and car payment divided by gross mo...
-
HUD 2024 Practice Exam accurate Questions & Answers(RATED A+)
- Exam (elaborations) • 33 pages • 2024
-
Available in package deal
-
- $12.99
- + learn more
A client, who is a divorced local school teacher, is interested in purchasing his first home. He wishes to stay in the same neighborhood where he now lives and to purchase a home in the low-$100,000 range. He currently leases a car for $435 a month and would like to buy a new car. The client has a lease on an apartment with his college friend. Their monthly rent on the apartment, which they split evenly, is $1,100. He has been working as a teacher for five years and earns $50,000 a year. His div...
-
HUD Housing Counselor Certification Practice | 130 Questions with 100% Correct Answers | Verified | Latest Update 2024
- Exam (elaborations) • 34 pages • 2024
- Available in package deal
-
- $13.49
- + learn more
What is the maximum percent of area median income allowable for a household to qualify for a Housing 
Choice Voucher? - 50% 
Which is the maximum recommended housing ratio for renting an apartment? - 30% 
Eligibility requirements for down-payment assistance programs include which factors? - Income, 
home-buyer education, purchase price 
The client is considering an FHA mortgage. What is the upfront mortgage insurance premium (UFMIP) for 
an 
FHA mortgage? - 1.75% 
If the client was denied a mort...
-
HUD Certification Exam questions fully solved & updated
- Exam (elaborations) • 20 pages • 2024
-
- $15.99
- + learn more
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 piece of legislation, which prohibits discriminat...
-
HUD Housing Counselor Certification Practice 100% correct!!
- Exam (elaborations) • 27 pages • 2024
-
Available in package deal
-
- $12.99
- + learn more
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 factors? - 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 mortgage? - ANSWER 1.75% 
...
Did you know that on average a seller on Stuvia earns $82 per month selling study resources? Hmm, hint, hint. Discover all about earning on Stuvia