8/8/25, 5:10 PM HUD Certification EXAM, QUESTIONS WITH ACCURATE ANSWERS | MULTIPLE CHOICES |2025!! Flashcards | Quizlet
HUD Certification EXAM, QUESTIONS WITH
ACCURATE ANSWERS | MULTIPLE CHOICES
|2025!!
Save
Terms in this set (90)
Which document is most Pay stub
important when working
with a client to develop an
initial budget as part of a
Client Action Plan?
Pay stub
Retirement plan statement
List of assets
Current lease
https://quizlet.com/1064613277/hud-certification-exam-questions-with-accurate-answers-multiple-choices-2025-flash-cards/?new 1/53
,8/8/25, 5:10 PM HUD Certification EXAM, QUESTIONS WITH ACCURATE ANSWERS | MULTIPLE CHOICES |2025!! Flashcards | Quizlet
A client would like Find a second job
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?
Find a second job
Borrow from retirement
fund
Sell major assets
Find a temporary job
through a staffing service
A credit report may The number of accounts in collection status
contain which
information?
The number of accounts in
collection status
A history of payments on
an electric bill
Income history
Criminal record
https://quizlet.com/1064613277/hud-certification-exam-questions-with-accurate-answers-multiple-choices-2025-flash-cards/?new 2/53
,8/8/25, 5:10 PM HUD Certification EXAM, QUESTIONS WITH ACCURATE ANSWERS | MULTIPLE CHOICES |2025!! Flashcards | Quizlet
A credit report contains File a dispute with the appropriate credit reporting
inaccurate information. agency.
Which action item should
the counselor include in
the Client Action Plan?
-Attach a letter to
mortgage applications
explaining the
inaccuracies.
-Investigate the reasons
why the inaccuracies
occurred to determine the
responsible party.
-Include a personal
consumer statement on
the credit report.
-File a dispute with the
appropriate credit
reporting agency.
https://quizlet.com/1064613277/hud-certification-exam-questions-with-accurate-answers-multiple-choices-2025-flash-cards/?new 3/53
, 8/8/25, 5:10 PM HUD Certification EXAM, QUESTIONS WITH ACCURATE ANSWERS | MULTIPLE CHOICES |2025!! Flashcards | Quizlet
Six months ago a client It decreases credit utilization, causing a positive
left a job as a reporter to impact on the credit score.
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 home-
ownership program that
only requires a 1% down
payment with an FHA
loan.
What might result from the
client closing the credit
card accounts?
-It decreases credit
utilization, causing a
negative impact on the
credit score.
-It increases credit
utilization, causing a
negative impact on the
credit score.
-It increases credit
utilization, causing a
positive impact on the
credit score.
-It decreases credit
https://quizlet.com/1064613277/hud-certification-exam-questions-with-accurate-answers-multiple-choices-2025-flash-cards/?new 4/53
HUD Certification EXAM, QUESTIONS WITH
ACCURATE ANSWERS | MULTIPLE CHOICES
|2025!!
Save
Terms in this set (90)
Which document is most Pay stub
important when working
with a client to develop an
initial budget as part of a
Client Action Plan?
Pay stub
Retirement plan statement
List of assets
Current lease
https://quizlet.com/1064613277/hud-certification-exam-questions-with-accurate-answers-multiple-choices-2025-flash-cards/?new 1/53
,8/8/25, 5:10 PM HUD Certification EXAM, QUESTIONS WITH ACCURATE ANSWERS | MULTIPLE CHOICES |2025!! Flashcards | Quizlet
A client would like Find a second job
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?
Find a second job
Borrow from retirement
fund
Sell major assets
Find a temporary job
through a staffing service
A credit report may The number of accounts in collection status
contain which
information?
The number of accounts in
collection status
A history of payments on
an electric bill
Income history
Criminal record
https://quizlet.com/1064613277/hud-certification-exam-questions-with-accurate-answers-multiple-choices-2025-flash-cards/?new 2/53
,8/8/25, 5:10 PM HUD Certification EXAM, QUESTIONS WITH ACCURATE ANSWERS | MULTIPLE CHOICES |2025!! Flashcards | Quizlet
A credit report contains File a dispute with the appropriate credit reporting
inaccurate information. agency.
Which action item should
the counselor include in
the Client Action Plan?
-Attach a letter to
mortgage applications
explaining the
inaccuracies.
-Investigate the reasons
why the inaccuracies
occurred to determine the
responsible party.
-Include a personal
consumer statement on
the credit report.
-File a dispute with the
appropriate credit
reporting agency.
https://quizlet.com/1064613277/hud-certification-exam-questions-with-accurate-answers-multiple-choices-2025-flash-cards/?new 3/53
, 8/8/25, 5:10 PM HUD Certification EXAM, QUESTIONS WITH ACCURATE ANSWERS | MULTIPLE CHOICES |2025!! Flashcards | Quizlet
Six months ago a client It decreases credit utilization, causing a positive
left a job as a reporter to impact on the credit score.
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 home-
ownership program that
only requires a 1% down
payment with an FHA
loan.
What might result from the
client closing the credit
card accounts?
-It decreases credit
utilization, causing a
negative impact on the
credit score.
-It increases credit
utilization, causing a
negative impact on the
credit score.
-It increases credit
utilization, causing a
positive impact on the
credit score.
-It decreases credit
https://quizlet.com/1064613277/hud-certification-exam-questions-with-accurate-answers-multiple-choices-2025-flash-cards/?new 4/53
