HUD HOUSING EXAM QUESTIONS WITH CORRECT ANSWERS 2025

HUD HOUSING EXAM QUESTIONS WITH
CORRECT ANSWERS 2025
WhichRdocumentRshouldRtheRcounselorRreviewRwithRtheRclientRtoRidentifyRspendingRhabitsRandRtrackRexpe
nses:R-RCORRECTRANSWERR-BankRstatement



WhichRadditionalRinformationRwouldRtheRhousingRcounselorRneedRtoRprepareRaRhouseholdRbudgetRforRthis
Rclient?R-RCORRECTRANSWERR-NetRincome




WhichRitemRinRtheRclient'sRbudgetRisRaRfixedRexpense?R-RCORRECTRANSWERR-CarRleaseRpayment



WhatRisRtheRmaximumRpercentRofRareaRmediumRincomeRallowableRforRaRhouseholdRtoRqualifyRforRaRHousin
gRChoiceRVoucher?R-RCORRECTRANSWERR-50%



WhichRisRtheRmaximumRrecommendedRhousingRratioRforRrentingRanRapartment?R-RCORRECTRANSWERR-
30%



EligibilityRrequirementsRforRdownRpaymentRassistanceRprogramsRincludeRwhichRfactors?R-
RCORRECTRANSWERR-Income,RhomebuyerReducation,RandRpurchaseRprice




TheRclientRisRconsideringRanRFHARMortgage.RWhatRisRtheRupfrontRmortgageRinsuranceRpremiumR(UFMIP)Rf
orRanRFHARmortgage?R-RCORRECTRANSWERR-1.75%



TheRclientRdecidesRtoRpurchaseRaRtownhouseRthroughRaRdownRpaymentRassistanceRprogramRwithRaRrecapt
ureRclause.RThreeRyearsRlater,RtheRclientRremarries,RandRhisRwifeRownsRaRsingleRfamilyRhome.RWhichRsituati
onRmightRcauseRanRacceleratedRloanRpayment?R-RCORRECTRANSWERR-
ClientRmovesRintoRwife'sRhomeRandRrentsRhisRtownhouseRtoRaRtenant



IfRtheRclientRwasRdeniedRaRmortgageRloanRandRtheRlenderRtoldRhimRtoRcomeRbackRafterRhisRdivorceRhasRbee
nRfinalRforRthreeRyears,RwhatRisRtheRbestRadviceRtheRcounselorRcanRprovideRtoRtheRclient?R-
RCORRECTRANSWERR-

ContactRtheRFederalRTradeRCommissionRasRtheRlender'sRactionRmightRviolateRtheREqualRCreditROpportunityR
Act

, ARquestionRfromRaRlenderRonRwhichRtopicRwouldRbeRinappropriate?R-RCORRECTRANSWERR-MedicalRhistory



WhichRisRaRresponsibilityRofRaRhousingRcounselor?R-RCORRECTRANSWERR-
EducateRhomebuyersRaboutRtheirRrights



InRorderRtoRminimizeRtheRimpactRonRtheRclient'sRcreditRscore,RwhatRisRtheRmaximumRtimeRframeRwithinRwhi
chRtheRclientRshouldRapplyRforRpre-approvalRfromRmultipleRlenders?R-RCORRECTRANSWERR-30-dayRperiod.



WhichRisRaRresponsibilityRofRaRhomeRinspector?R-RCORRECTRANSWERR-A)REvaluateRconditionRofRtheRhome

B)RExamineRmedicalRsystemsR

C)RidentifyRitemsRtoRbeRrepairedRorRreplaced



WhichRisRtheRbestRreasonRaRcounselorRwouldRsuggestRthatRclientRspeakRtoRthreeRtoRfiveRdifferenceRlendersR
beforeRchoosingRone?R-RCORRECTRANSWERR-SoRtheRclientRcanRcompreRloanRestimates



WhichRisRtheRbestRadviceRthatRaRhousingRcounselorRcanRgiveRtoRprotectRagainstRidentityRtheft?R-
RCORRECTRANSWERR-ReviewRcreditRreportRatRleastRonceRaRyear




TheRclientRtellsRtheRlenderRthatRheRisRexpectingRaRraiseRsoon.RWhichRactionsRshouldRtheRlenderRtake?R-
RCORRECTRANSWERR-ProvideRaRloanRestimateRwithoutRfactoringRinRtheRraise




IfRtheRclientRobtainsRaRmortgageRofR$100,000RtypicallyRhowRmuchRshouldRheRexpectRtoRpayRforRclosingRcost
s?R-RCORRECTRANSWERR-$4kR-R3-4%RonRaverage



TheRclientRisRconsideringRrentingRanRapartmentRwithRaRdifferentRlandlord.RWhichRwouldRbeRanRupfrontRcost
RofRlivingRtoRtheRnewRapartment?R-RCORRECTRANSWERR-ApplicationRfee




TheRclientRisRsecond-
guessingRhisRdecisionRtoRbuyRaRhome,RsoRtheRcounselorRasksRaRseriesRofRquestions.RWhichRresponseRwouldR
beRbestRalignedRwithRtheRhomeownershipRoptionRforRthisRclient?R-RCORRECTRANSWERR-
ClientRwantsRtoRcustomizeRhisRhomeRwithRdo-it-yourselfRprojects