HOUSING CHOICE VOUCHER
CERTIFICATION EVALUATION EXAMS 2026
FULL SOLUTION STUDY GUIDE
● 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? Answer:
● A credit report may contain which information? Answer: Income
history
Criminal record
# of accounts in collection status
A history of payments on an elctric bill
● A credit report contains inaccurate information. Which action item
should the counselor include in the Client Action Plan? Answer: FIle a
dispute with the appropaite credit reporting agency
● Six months ago a client left a job as a reporter to start a business in
the retail industry. To prepare to buy a house, the client closed credit
card accounts and has been using savings to pay down credit card debt
and collections. The client has not been able to save much for a down
payment with all the debt payments but knows about an affordable
,homeownership program that only requires a 1% down payment with an
FHA loan.
What might result from the client closing the credit card accounts?
Answer:
● Which action would a client take to improve a credit score? Answer:
● A client does not receive a written monthly statement from the credit
card company. Which credit law could this omission violate? Answer:
FCBA
● A client shopping for a mortgage loan presents a housing counselor
with an offer from a local mortgage lender. The interest rate on the offer
is 7.5% for a 30-year fixed rate mortgage with a 20% down payment
required. The counselor reviews the client file and determines the client's
credit score is 725 and the client's total debt-to-income ratio is 20%.
The client asks the housing counselor if the offer is a case of illegal
predatory lending. How should the housing counselor respond? Answer:
I am unable to determine whether the loan is predatory but i suggest you
shop around with other ledning sources
● Which action should a counselor recommend a client take first after
discovering identity theft? Answer: File an identity theft report
, ● In which situation would a client's responsibilities, recurring costs,
and upfront costs be evaluated? Answer: When weighing housing
options
● A client works 40 hours a week making $15 an hour. What is the
highest monthly mortgage the client can afford based on income if the
client secures a conventional loan? Answer: Front End Ratio Formula
Conventional = <28%
● Which type of government insured loan was created for financing
homes in rural areas? Answer: USDA
● A client keeps having budget problems due to unexpected expenses.
Which financial tool would best assist this client to prepare for
unexpected expenses and avoid increasing credit usage? Answer:
Emergency Fund
● A client has a monthly household income of $2,300, monthly debt
payments of $450, and an optimal monthly housing ratio of 32%. What
is the client's optimal monthly housing payment? Answer: Front End
Ratio Formula
● What is the back-end ratio for a client with a monthly housing
expense of $1,250, a monthly total of $88 in other consumer debt
payments, and a gross household income of $4,460 per month (rounded
CERTIFICATION EVALUATION EXAMS 2026
FULL SOLUTION STUDY GUIDE
● 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? Answer:
● A credit report may contain which information? Answer: Income
history
Criminal record
# of accounts in collection status
A history of payments on an elctric bill
● A credit report contains inaccurate information. Which action item
should the counselor include in the Client Action Plan? Answer: FIle a
dispute with the appropaite credit reporting agency
● Six months ago a client left a job as a reporter to start a business in
the retail industry. To prepare to buy a house, the client closed credit
card accounts and has been using savings to pay down credit card debt
and collections. The client has not been able to save much for a down
payment with all the debt payments but knows about an affordable
,homeownership program that only requires a 1% down payment with an
FHA loan.
What might result from the client closing the credit card accounts?
Answer:
● Which action would a client take to improve a credit score? Answer:
● A client does not receive a written monthly statement from the credit
card company. Which credit law could this omission violate? Answer:
FCBA
● A client shopping for a mortgage loan presents a housing counselor
with an offer from a local mortgage lender. The interest rate on the offer
is 7.5% for a 30-year fixed rate mortgage with a 20% down payment
required. The counselor reviews the client file and determines the client's
credit score is 725 and the client's total debt-to-income ratio is 20%.
The client asks the housing counselor if the offer is a case of illegal
predatory lending. How should the housing counselor respond? Answer:
I am unable to determine whether the loan is predatory but i suggest you
shop around with other ledning sources
● Which action should a counselor recommend a client take first after
discovering identity theft? Answer: File an identity theft report
, ● In which situation would a client's responsibilities, recurring costs,
and upfront costs be evaluated? Answer: When weighing housing
options
● A client works 40 hours a week making $15 an hour. What is the
highest monthly mortgage the client can afford based on income if the
client secures a conventional loan? Answer: Front End Ratio Formula
Conventional = <28%
● Which type of government insured loan was created for financing
homes in rural areas? Answer: USDA
● A client keeps having budget problems due to unexpected expenses.
Which financial tool would best assist this client to prepare for
unexpected expenses and avoid increasing credit usage? Answer:
Emergency Fund
● A client has a monthly household income of $2,300, monthly debt
payments of $450, and an optimal monthly housing ratio of 32%. What
is the client's optimal monthly housing payment? Answer: Front End
Ratio Formula
● What is the back-end ratio for a client with a monthly housing
expense of $1,250, a monthly total of $88 in other consumer debt
payments, and a gross household income of $4,460 per month (rounded
