HUD EXAM- HOMEOWNERSHIP QUESTIONS WITH CORRECT ANSWERS 2025

HUD EXAM- HOMEOWNERSHIP QUESTIONS
WITH CORRECT ANSWERS 2025
WhichMfactorMisMbestMforMhousingMcounselorsMtoMuseMwhenMdeterminingMhowMmuchMaMclientMcanMafford
MtoMspendMonMpurchasingMaMhome?M



A.MDebtMto-incomeMratios

B.MAnnualMgrossMincome

C.MSavings

D.MOptionsMA,MB,MC

E.MNoneMofMtheMaboveM-MCORRECTMANSWERM-D.MOptionsMA,MB,MandMC



AMpersonMorMcompanyMthatMmakesMloansMforMrealMestateMpurchases.M"LoanMofficer"MisMaMrelatedMtermMt
hatMrefersMtoMaMrepresentativeMofMaMlendingMorMmortgageMcompanyMwhoMisMresponsibleMforMsolicitingMh
omebuyersMandMforMqualifyingMandMprocessingMloans.M-MCORRECTMANSWERM-Lender



AMgovernmentMofficialMresponsibleMforMdeterminingMtheMvalueMofMaMpropertyMforMtaxationMpurpose.M-
MCORRECTMANSWERM-Assessor




AMprofessionalMwhoMconductsManMinspectionMofMtheMhome'sMstructureMandMmechanicalMsystemsMtoMdete
rmineMquality,Msoundness,MandMsafety.MS/heMmakesMtheMpotentialMhomebuyerMawareMofManyMrepairsMtha
tMmayMbeMnecessary.M-MCORRECTMANSWERM-HomeMInspector



AMlender'sMrepresentativeMwhoManalyzesMaMloanMapplication,MtheMpotentialMborrower'sMcreditMhistory,Ma
ndMaMjudgementMofMtheMpropertyMvalueMtoMdetermineMtheMamountMofMriskMinvolvedMinMmakingMtheMloa
n.M-MCORRECTMANSWERM-Underwriter



AMprofessionalMwhoMgivesManMestimateMofMaMproperty'sMfairMmarketMvalueMbasedMonMtheMsalesMofMcomp
arableMhomesMinMtheMareaMandMonMtheMproperty'sMfeatures.MThisMestimateMisMgenerallyMrequiredMbyMaMl
enderMbeforeMloanMapprovalMtoMensureMthatMtheMmortgageMloanMamountMisMnotMmoreMthanMtheMvalueMo
fMtheMproperty.M-MCORRECTMANSWERM-Appraiser



WhichMstatementMmostMaccuratelyMdescribesMaMmemberMofMtheMhomebuyingMteam?

, A.MaMrealMestateMagentMorMbrokerMisMtypicallyManMattorneyMorMworksMforManMescrowMcompany.MS/heMover
seesMtheMfinalMtransactionMinMpropertyMpurchase,MatMwhichMtimeMtheMtitleMisMtransferredMfromMtheMselle
rMtoMtheMbuyer.M

B.MTheMlenderMrequiresManMassessmentMofMtheMhomeMbyMaMhomeMinspectorMbeforeMloanMapprovalM

C.MAnMinsuranceMagentMisMalsoMknowMasMaMsettlementMagent.M

D.MaMhomeMinspectorMisMgenerallyMpaidMbyMtheMbuyer.M-MCORRECTMANSWERM-
D.MAMhomeMinspectorMisMgenerallyMpaidMbyMtheMbuyer



WhichMpieceMofMadviceMwouldMyouMgiveMtoMclientsMasMtheyMbeginMtheMprocessMofMobtainingMfinancing?

A.MNeverMspeakMwithMlendersMbeforeMsettlingMonMaMhome.

B.MHaveMallMpotentialMlendersMpullMcreditMwithinMaM30-dayMwindow.

C.MMortgagesMwithMadjustableMratesMareMalwaysMbest.

D.MChooseMwhicheverMlenderMisMmostMpromptMinMreturningMyourMphoneMcalls.M-MCORRECTMANSWERM-
B.MHaveMallMpotentialMlendersMpullMcreditMwithinMaM30-dayMwindow.



AllMofMtheMfollowingMisMinformationMnecessaryMforMyourMclientMtoMgatherMinMpreparationMforMfillingMoutMt
heMURLA,Mexcept:

A.MFiguresMrelatedMtoMincomeMfromMchildMsupport.

B.MFiguresMrelatedMtoMstudentMloans

C.MYearMhomeMwasMbuilt

D.MReferralsMofMpastMlandlordsM-MCORRECTMANSWERM-D.MReferralsMofMpastMlenders



AllMofMtheMfollowingMstatementsMdescribeMworkingMwithManMappraiserMduringMtheM"obtainingMfinancing"
MstepMofMpurchasingMaMhome,Mexcept:



A.MitMisMimproperMforManMappraiserMtoMconsiderMracialMorMreligiousMbackgroundMofMaMneighborhood'sMres
identsMtoMdetermineMtheMvalueMofMaMhome.

B.MLendersMhireMappraisers

C.MHomebuyersMcanMcancelMtheMofferMcontractMifMtheMcontractMincludesMaMcontingencyMclause.

D.MHomebuyersMrarelyMareMallowedMtoMseeMtheMappraisalMinformationMandMforMthatMreasonMareMencoura
gedMtoMgetMaMhomeMinspection.M-MCORRECTMANSWERM-
D.MHomebuyersMrarelyMareMallowedMtoMseeMtheMappraisalMinformationMandMforMthatMreasonMareMencoura
gedMtoMgetMaMhomeMinspection.M