HUD Housing Counseling Exam Questions with Correct Answers HUD Housing Counseling Exam Questions with Correct Answers HUD Practice Test and Correct Answers Questions with Correct Answers HUD Housing Counseling Questions with 100% Correct Answers HUD Housing Counselor Exam Questions with Correct Ans...
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What 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 incl...
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Add to cartWhat 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 incl...
Adjustable Rate Mortgage (ARM) Correct Answer Adjustable rate mortgages have an initial rate that applies for a defined period of time (typically from one month to 10 years), then adjusts at pre-determined intervals for the life of the loan. Interest rates can increase or decrease when adjusted. ...
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Add to cartAdjustable Rate Mortgage (ARM) Correct Answer Adjustable rate mortgages have an initial rate that applies for a defined period of time (typically from one month to 10 years), then adjusts at pre-determined intervals for the life of the loan. Interest rates can increase or decrease when adjusted. ...
Which document should the counselor review with the client to identify spending habits and track expenses? A. Credit report B. Pay stubs C. Bank Statement D. Tax returns Correct Answer Bank Statement Which additional information would the housing counselor need to prepare a household budget...
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Add to cartWhich document should the counselor review with the client to identify spending habits and track expenses? A. Credit report B. Pay stubs C. Bank Statement D. Tax returns Correct Answer Bank Statement Which additional information would the housing counselor need to prepare a household budget...
Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? Correct 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 qu...
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Add to cartWhich document is most important when working with a client to develop an initial budget as part of a Client Action Plan? Correct 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 qu...
Civil Rights Act of 1866 Correct Answer Federal law granting citizenship to former slaves; passed over Johnson's veto. (Race and Color) Fair Housing Act of 1968 Correct Answer banned discrimination in the rental or sale of housing (Race, color, religion, national origin) Housing and Community...
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Add to cartCivil Rights Act of 1866 Correct Answer Federal law granting citizenship to former slaves; passed over Johnson's veto. (Race and Color) Fair Housing Act of 1968 Correct Answer banned discrimination in the rental or sale of housing (Race, color, religion, national origin) Housing and Community...
Back-end ratio Correct 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. ...
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Add to cartBack-end ratio Correct 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. ...
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