HUD Counselor Module 2.2 – Study Guide &
Key Concepts
Module 2.2 - correct answer ✔✔Study guide for HUD Housing Counselors Training
U.S. Department of Housing and Urban Development - correct answer ✔✔Government agency
that provides mortgage insurance on loans
Types of Mortgages - correct answer ✔✔Different options for financing a home purchase
Choosing between Loan Options - correct answer ✔✔Process of selecting the most suitable
mortgage for a borrower
Mortgage Pre-qualification Assessment - correct answer ✔✔Evaluation of a borrower's financial
situation to determine loan eligibility
Mortgage Insurance - correct answer ✔✔Insurance that protects the lender in case of borrower
default
Mortgage Insurance Costs and Benefits - correct answer ✔✔Explanation of the expenses and
advantages of mortgage insurance
Comparing Mortgage Loan Products - correct answer ✔✔Comparison of different types of
mortgages and their features
Manufactured Homes - correct answer ✔✔Factory-built homes that are transported to the
placement site
Key Concepts
Module 2.2 - correct answer ✔✔Study guide for HUD Housing Counselors Training
U.S. Department of Housing and Urban Development - correct answer ✔✔Government agency
that provides mortgage insurance on loans
Types of Mortgages - correct answer ✔✔Different options for financing a home purchase
Choosing between Loan Options - correct answer ✔✔Process of selecting the most suitable
mortgage for a borrower
Mortgage Pre-qualification Assessment - correct answer ✔✔Evaluation of a borrower's financial
situation to determine loan eligibility
Mortgage Insurance - correct answer ✔✔Insurance that protects the lender in case of borrower
default
Mortgage Insurance Costs and Benefits - correct answer ✔✔Explanation of the expenses and
advantages of mortgage insurance
Comparing Mortgage Loan Products - correct answer ✔✔Comparison of different types of
mortgages and their features
Manufactured Homes - correct answer ✔✔Factory-built homes that are transported to the
placement site
