HUD Housing Counselor
Comprehensive Resource To Help You Ace 2026-2027 Exams
Includes Frequently Tested Questions With ELABORATED
100% Correct COMPLETE SOLUTIONS
Guaranteed Pass First Attempt!! Current Update!!
1. What is the purpose of the Veterans Affairs Supportive Housing (VASH) program?
- To end veteran homelessness
- To provide rental vouchers for most veterans
- To offer veterans the same benefits as the Housing
Choice Voucher Program
- To help veterans obtain a VA loan - Correct Answer: To end veteran homelessness
2. A client earns a salary of $45,000 at a job held for three years. The client has credit card
bills, student loans, and a car loan totaling $500 per month. The client has already saved
$3,500 for a down payment and is using an FHA Energy Efficient Mortgage (EEM). If the
client wants to make the minimum down payment for a home priced at $150,000, how
much more does the client need to save?
- $1,750.00
- $2,250.00
- $4,500.00
- $5,250.00 - Correct Answer: $1,750.00
3. Which entity would be most likely to issue a Housing Choice Voucher?
,- Public Housing Agency
- Landlord
- Counselor
- Tenant - Correct Answer: Public Housing Agency
4. All of the following describe the Housing Choice Voucher Program (Section 8), except:
- Moves due to changes in family size or job location
are allowed
- Landlords cannot provide unsanitary housing or
charge a high rent
- Vouchers are provided to participants directly from
the local HUD office
- Elderly renters can participate in the program - Correct Answer: Vouchers are provided to
participants directly from the local HUD office
5. Which type of assistance administered by a public housing authority allows for location
flexibility?
- FHA
- USDA
- Tenant-based vouchers
- Project-based vouchers - Correct Answer: Tenant-based Vouchers
6. Bob is averse to financial risk. Which housing option appears best for this person?
- Homeless Shelter
- Transitional Housing
- Renting
,- Buying - Correct Answer: Renting
7. If Rebecca's client, Ben, obtains a mortgage for $90,000, which is the most likely amount
that he will pay for closing costs?
- $1,000
- $3,500
- $7,000
- $10,000 - Correct Answer: $3,500
8. All of the following are true statements about upfront costs associated with renting and
buying, except:
- Renters generally pay a security deposit upon signing
a lease
- The average cost due upon signing a lease for a rental
is typically 20% of the monthly rent
- Closing costs are typically comprised of lender fees,
discount points, title insurance, home inspection fees,
escrow deposit, property taxes, private mortgage
insurance, and attorney's fees
- A client who desires to purchase a home worth
$150,000 could be required to pay $7,000 in standard
closing costs - Correct Answer: The average cost due upon signing a lease for a rental is
typically 20% of the monthly rent
9. A couple, the Smiths, recently scheduled a meeting with Rebecca. They have owned
their home for seven years and have accumulated some equity in the home.
, However, they are now struggling to pay their mortgage, because the wife left her full-time job
when she had a baby.
Her husband's salary is paid in installments of $900 a week, which are subject to deductions and
other withholding.
Each month, they pay $1,000 in principal and interest, $110 for taxes, $130 for insurance, ad
$20 in homeowner's assessments.
What is their current front-end ration (as a whole number with no decimal point)?
- 32%
- 30%
- 28%
- 26% - Correct Answer: 32%
The Bixby Family found a small affordable home they've considered buying. She earns
$1,615.38 on the 15th and 30th of each month, and he earns $400 per month.
It will cost them $990 each month in PITIA.
Considering they pay $210 in car loan obligations, $50 in student loan payments, and a
minimum of $80 total in credit card payments each month, and assuming all of these loan
payments will be recurring for more than ten months, what would their back-end ratio be if
they purchased the home?
- 40%
- 38%
- 43%
Comprehensive Resource To Help You Ace 2026-2027 Exams
Includes Frequently Tested Questions With ELABORATED
100% Correct COMPLETE SOLUTIONS
Guaranteed Pass First Attempt!! Current Update!!
1. What is the purpose of the Veterans Affairs Supportive Housing (VASH) program?
- To end veteran homelessness
- To provide rental vouchers for most veterans
- To offer veterans the same benefits as the Housing
Choice Voucher Program
- To help veterans obtain a VA loan - Correct Answer: To end veteran homelessness
2. A client earns a salary of $45,000 at a job held for three years. The client has credit card
bills, student loans, and a car loan totaling $500 per month. The client has already saved
$3,500 for a down payment and is using an FHA Energy Efficient Mortgage (EEM). If the
client wants to make the minimum down payment for a home priced at $150,000, how
much more does the client need to save?
- $1,750.00
- $2,250.00
- $4,500.00
- $5,250.00 - Correct Answer: $1,750.00
3. Which entity would be most likely to issue a Housing Choice Voucher?
,- Public Housing Agency
- Landlord
- Counselor
- Tenant - Correct Answer: Public Housing Agency
4. All of the following describe the Housing Choice Voucher Program (Section 8), except:
- Moves due to changes in family size or job location
are allowed
- Landlords cannot provide unsanitary housing or
charge a high rent
- Vouchers are provided to participants directly from
the local HUD office
- Elderly renters can participate in the program - Correct Answer: Vouchers are provided to
participants directly from the local HUD office
5. Which type of assistance administered by a public housing authority allows for location
flexibility?
- FHA
- USDA
- Tenant-based vouchers
- Project-based vouchers - Correct Answer: Tenant-based Vouchers
6. Bob is averse to financial risk. Which housing option appears best for this person?
- Homeless Shelter
- Transitional Housing
- Renting
,- Buying - Correct Answer: Renting
7. If Rebecca's client, Ben, obtains a mortgage for $90,000, which is the most likely amount
that he will pay for closing costs?
- $1,000
- $3,500
- $7,000
- $10,000 - Correct Answer: $3,500
8. All of the following are true statements about upfront costs associated with renting and
buying, except:
- Renters generally pay a security deposit upon signing
a lease
- The average cost due upon signing a lease for a rental
is typically 20% of the monthly rent
- Closing costs are typically comprised of lender fees,
discount points, title insurance, home inspection fees,
escrow deposit, property taxes, private mortgage
insurance, and attorney's fees
- A client who desires to purchase a home worth
$150,000 could be required to pay $7,000 in standard
closing costs - Correct Answer: The average cost due upon signing a lease for a rental is
typically 20% of the monthly rent
9. A couple, the Smiths, recently scheduled a meeting with Rebecca. They have owned
their home for seven years and have accumulated some equity in the home.
, However, they are now struggling to pay their mortgage, because the wife left her full-time job
when she had a baby.
Her husband's salary is paid in installments of $900 a week, which are subject to deductions and
other withholding.
Each month, they pay $1,000 in principal and interest, $110 for taxes, $130 for insurance, ad
$20 in homeowner's assessments.
What is their current front-end ration (as a whole number with no decimal point)?
- 32%
- 30%
- 28%
- 26% - Correct Answer: 32%
The Bixby Family found a small affordable home they've considered buying. She earns
$1,615.38 on the 15th and 30th of each month, and he earns $400 per month.
It will cost them $990 each month in PITIA.
Considering they pay $210 in car loan obligations, $50 in student loan payments, and a
minimum of $80 total in credit card payments each month, and assuming all of these loan
payments will be recurring for more than ten months, what would their back-end ratio be if
they purchased the home?
- 40%
- 38%
- 43%
