Hud housing counselor - Study guides, Class notes & Summaries

HUD Housing Counselor Certification Practice Questions and answers latest update 2024

HUD Housing Counselor Certification Practice Question and answers already passed 2023/2024What 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 co...

HUD Housing Counselor Certification Practice (HUD Knowledge Assessment) Questions And Answers Already Graded A+ 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 ...

HUD Housing Counselor Certification Practice

HUD Housing Counselor Module- Avoiding Foreclosure Exam Questions and Answers 100% Pass Which of the following did NOT contribute to the increase in foreclosure rates during the mortgage crisis? - Risky loan products with features like negative amortization - Homeowners paying off mortgages early - Aggressive marketing of Home Equity Line of Credits (HELOC) - Using teaser rates to qualify more borrowers - Correct Answer ️️ -Homeowners paying off mortgages early This program made it ...

HUD HOUSING COUNSELOR CERTIFICATION PRACTICE QUESTIONS AND ANSWER 2024

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% ...

HUD Housing Counselor Module- Avoiding Foreclosure Exam Questions and Answers 100% Pass Which of the following did NOT contribute to the increase in foreclosure rates during the mortgage crisis? - Risky loan products with features like negative amortization - Homeowners paying off mortgages early - Aggressive marketing of Home Equity Line of Credits (HELOC) - Using teaser rates to qualify more borrowers - Correct Answer ️️ -Homeowners paying off mortgages early This program made it ...

Hud Housing Counselor Final Exam 2024 Questions And Answers Which document should the counselor review with the 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 for this client? - CORRECT ANSWER-Net income Which item in the client's budget is a fixed expense? - CORRECT ANSWER-Car lease payment What is the maximum percent of area medium income allowable for...

HUD Housing Counselor CertificWhat 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 ...