HUD PRACTICE EXAM VERIFIED QUESTIONS AND ACCURATE
ANSWERS ACTUAL 2025/26
Which loan type would provide the highest monthly payment,
assuming interest rates and other factors are equal?
<<<ANSWERS>>>
A client, who is the surviving spouse of a military
servicemember, is interested in buying a home. The client now
works at a local nonprofit agency, making $36,000 per year. The
client has $4,000 in savings and a credit score of 624.
If a client has just received a commitment from a lender to
provide a loan for a fixed loan amount based on a review of the
complete loan application package by an underwriter, in what
stage of the lending process is the client? <<<ANSWERS>>>
What are key differences between pmi and mip? <<<ANSWERS>>>
A client seeking to purchase is trying to decide between an fha-
insured mortgage and another mortgage insured by private
mortgage insurance. Which is a distinguishing difference
between these two types of mortgage insurance?
<<<ANSWERS>>>
Which borrower information is contained in the uniform
residential loan application (urla)? <<<ANSWERS>>>assest
information
In order to comply with the know before you owe rule, which
disclosures were replaced with new versions that more clearly
outline mortgage terms to borrowers? <<<ANSWERS>>>loan
esimate and cd
, Which government regulation prohibits a lender from
discriminating against a borrower who uses public assistance to
qualify for a mortgage loan? <<<ANSWERS>>>equal credit
opportunity act
Which item would affect the cost of earthquake insurance?
<<<ANSWERS>>>structural material
For a client whose most recent rental history is unfavorable,
which initial strategy should a housing counselor recommend to
increase a potential landlord's willingness to rent to the client?
<<<ANSWERS>>>
Which entity would be most likely to issue a housing choice
voucher? <<<ANSWERS>>>local housing authority
What is the purpose of the veterans affairs supportive housing
(vash) program? <<<ANSWERS>>>to end veteran homelessness
A tenant's apartment building has been sold. The new owners
have informed the tenant that the rent will immediately increase
by $100 a month despite having four months left on the written
lease. Which best describes the situation? <<<ANSWERS>>>
Which is a typical responsibility of a landlord?
<<<ANSWERS>>>repairing a leak in the roof
A client is currently renting month to month (tenancy at
sufferance). What advice should a housing counselor
recommend to better secure the housing?
<<<ANSWERS>>>written leaase
ANSWERS ACTUAL 2025/26
Which loan type would provide the highest monthly payment,
assuming interest rates and other factors are equal?
<<<ANSWERS>>>
A client, who is the surviving spouse of a military
servicemember, is interested in buying a home. The client now
works at a local nonprofit agency, making $36,000 per year. The
client has $4,000 in savings and a credit score of 624.
If a client has just received a commitment from a lender to
provide a loan for a fixed loan amount based on a review of the
complete loan application package by an underwriter, in what
stage of the lending process is the client? <<<ANSWERS>>>
What are key differences between pmi and mip? <<<ANSWERS>>>
A client seeking to purchase is trying to decide between an fha-
insured mortgage and another mortgage insured by private
mortgage insurance. Which is a distinguishing difference
between these two types of mortgage insurance?
<<<ANSWERS>>>
Which borrower information is contained in the uniform
residential loan application (urla)? <<<ANSWERS>>>assest
information
In order to comply with the know before you owe rule, which
disclosures were replaced with new versions that more clearly
outline mortgage terms to borrowers? <<<ANSWERS>>>loan
esimate and cd
, Which government regulation prohibits a lender from
discriminating against a borrower who uses public assistance to
qualify for a mortgage loan? <<<ANSWERS>>>equal credit
opportunity act
Which item would affect the cost of earthquake insurance?
<<<ANSWERS>>>structural material
For a client whose most recent rental history is unfavorable,
which initial strategy should a housing counselor recommend to
increase a potential landlord's willingness to rent to the client?
<<<ANSWERS>>>
Which entity would be most likely to issue a housing choice
voucher? <<<ANSWERS>>>local housing authority
What is the purpose of the veterans affairs supportive housing
(vash) program? <<<ANSWERS>>>to end veteran homelessness
A tenant's apartment building has been sold. The new owners
have informed the tenant that the rent will immediately increase
by $100 a month despite having four months left on the written
lease. Which best describes the situation? <<<ANSWERS>>>
Which is a typical responsibility of a landlord?
<<<ANSWERS>>>repairing a leak in the roof
A client is currently renting month to month (tenancy at
sufferance). What advice should a housing counselor
recommend to better secure the housing?
<<<ANSWERS>>>written leaase
