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HUD Exam- Homeownership Questions and Answers 100% Pass
HUD Exam- Homeownership Questions and 
Answers 100% Pass 
Which factor is best for housing counselors to use when determining how much a client 
can afford to spend on purchasing a home? 
A. Debt to-income ratios 
B. Annual gross income 
C. Savings 
D. Options A, B, C 
E. None of the above - Correct Answer ️️ -D. Options A, B, and C 
A person or company that makes loans for real estate purchases. "Loan officer" is a 
related term that refers to a representative of a lending or mortgage com...
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- Exam (elaborations)
- • 14 pages •
HUD Exam- Homeownership Questions and 
Answers 100% Pass 
Which factor is best for housing counselors to use when determining how much a client 
can afford to spend on purchasing a home? 
A. Debt to-income ratios 
B. Annual gross income 
C. Savings 
D. Options A, B, C 
E. None of the above - Correct Answer ️️ -D. Options A, B, and C 
A person or company that makes loans for real estate purchases. "Loan officer" is a 
related term that refers to a representative of a lending or mortgage com...
HUD Housing Exam Questions and Answers 100% Pass
HUD Housing Exam Questions and Answers 100% Pass 
Which document should the counselor review with the client to identify spending habits 
and track expenses: - Correct Answer ️️ -Bank statement 
Which additional information would the housing counselor need to prepare a household 
budget for this client? - Correct Answer ️️ -Net income 
Which item in the client's budget is a fixed expense? - Correct Answer ️️ -Car lease 
payment 
What is the maximum percent of area medium income allo...
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- Exam (elaborations)
- • 16 pages •
HUD Housing Exam Questions and Answers 100% Pass 
Which document should the counselor review with the client to identify spending habits 
and track expenses: - Correct Answer ️️ -Bank statement 
Which additional information would the housing counselor need to prepare a household 
budget for this client? - Correct Answer ️️ -Net income 
Which item in the client's budget is a fixed expense? - Correct Answer ️️ -Car lease 
payment 
What is the maximum percent of area medium income allo...
HUD Housing Counseling Exam Questions and Answers 100% Pass
HUD Housing Counseling Exam 
Questions and Answers 100% Pass 
Civil Rights Act of 1866 - Correct Answer ️️ -Federal law granting citizenship to former 
slaves; passed over Johnson's veto. (Race and Color) 
Fair Housing Act of 1968 - Correct Answer ️️ -banned discrimination in the rental or 
sale of housing (Race, color, religion, national origin) 
Housing and Community Development Act of 1974 - Correct Answer ️️ -added gender 
(sex) to the protected classes 
Fair Housing Amendments ...
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- Exam (elaborations)
- • 49 pages •
HUD Housing Counseling Exam 
Questions and Answers 100% Pass 
Civil Rights Act of 1866 - Correct Answer ️️ -Federal law granting citizenship to former 
slaves; passed over Johnson's veto. (Race and Color) 
Fair Housing Act of 1968 - Correct Answer ️️ -banned discrimination in the rental or 
sale of housing (Race, color, religion, national origin) 
Housing and Community Development Act of 1974 - Correct Answer ️️ -added gender 
(sex) to the protected classes 
Fair Housing Amendments ...
HUD Housing Counselor Certification Practice Questions with 100% Correct Answers
HUD Housing Counselor Certification Practice 
Questions with 100% Correct Answers 
Which is the maximum recommended housing ratio for renting an apartment? - Correct 
Answer ️️ -30% 
Eligibility requirements for down-payment assistance programs include which factors? - 
Correct Answer ️️ -Income, home-buyer education, purchase price 
The client is considering an FHA mortgage. What is the upfront mortgage insurance 
premium (UFMIP) for an 
FHA mortgage? - Correct Answer ️️ -1.75% 
If ...
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- Exam (elaborations)
- • 49 pages •
HUD Housing Counselor Certification Practice 
Questions with 100% Correct Answers 
Which is the maximum recommended housing ratio for renting an apartment? - Correct 
Answer ️️ -30% 
Eligibility requirements for down-payment assistance programs include which factors? - 
Correct Answer ️️ -Income, home-buyer education, purchase price 
The client is considering an FHA mortgage. What is the upfront mortgage insurance 
premium (UFMIP) for an 
FHA mortgage? - Correct Answer ️️ -1.75% 
If ...
HUD Exam - Financial Management Questions and Answers 100% Pass
HUD Exam - Financial Management 
Questions and Answers 100% Pass 
All of the following would help a counselor develop a realistic household budget, 
except: 
A. Payment information for a paid-off car 
B. Amount spent on groceries 
C. Rent payment information 
D. Monthly cable bill - Correct Answer ️️ -Answer: A 
Since the car is paid off, the expense does not need to be included in the new budget. 
All of the following are reasons why it is important for a client to track income and 
expense...
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- Exam (elaborations)
- • 6 pages •
HUD Exam - Financial Management 
Questions and Answers 100% Pass 
All of the following would help a counselor develop a realistic household budget, 
except: 
A. Payment information for a paid-off car 
B. Amount spent on groceries 
C. Rent payment information 
D. Monthly cable bill - Correct Answer ️️ -Answer: A 
Since the car is paid off, the expense does not need to be included in the new budget. 
All of the following are reasons why it is important for a client to track income and 
expense...
Housing Counselor Exam Prep Questions and Answers 100% Pass
Housing Counselor Exam Prep 
Questions and Answers 100% Pass 
Default - Correct Answer ️️ -When no payments made after 60 to 90 days... 30 for 
FHA loans 
Front-End Ratio Equation - Correct Answer ️️ -Monthly housing expenses/gross 
monthly income 
Front-End Ratio maximums - Correct Answer ️️ -28% or less - conventional loan 
31% or less for FHA, 30% or less for rentals 
Back-End Ratio (Debt-to-Income) Equation - Correct Answer ️️ -total monthly debt 
expenses/gross monthly incom...
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- Exam (elaborations)
- • 14 pages •
Housing Counselor Exam Prep 
Questions and Answers 100% Pass 
Default - Correct Answer ️️ -When no payments made after 60 to 90 days... 30 for 
FHA loans 
Front-End Ratio Equation - Correct Answer ️️ -Monthly housing expenses/gross 
monthly income 
Front-End Ratio maximums - Correct Answer ️️ -28% or less - conventional loan 
31% or less for FHA, 30% or less for rentals 
Back-End Ratio (Debt-to-Income) Equation - Correct Answer ️️ -total monthly debt 
expenses/gross monthly incom...
HUD GUIDELINES EXAM QUESTIONS AND ANSWERS 100% PASS
HUD GUIDELINES EXAM QUESTIONS 
AND ANSWERS 100% PASS 
lead poisoning causes: - Correct Answer ️️ -coma, convulsions, death 
lead - Correct Answer ️️ -heavy metal that is denser than most common materials. 
Lead is soft and malleable, and also has a relatively low melting point. 
Most at risk population for lead poisoning - Correct Answer ️️ -< 6 years old 
Neuro-toxic effects from lead: - Correct Answer ️️ -low IQ, attention deficit, 
learning/reading disabilities, hyperactivi...
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- Exam (elaborations)
- • 9 pages •
HUD GUIDELINES EXAM QUESTIONS 
AND ANSWERS 100% PASS 
lead poisoning causes: - Correct Answer ️️ -coma, convulsions, death 
lead - Correct Answer ️️ -heavy metal that is denser than most common materials. 
Lead is soft and malleable, and also has a relatively low melting point. 
Most at risk population for lead poisoning - Correct Answer ️️ -< 6 years old 
Neuro-toxic effects from lead: - Correct Answer ️️ -low IQ, attention deficit, 
learning/reading disabilities, hyperactivi...
HUD Housing Counselor Module- Avoiding Foreclosure Exam Questions and Answers 100% Pass
HUD Housing Counselor Module- Avoiding Foreclosure 
Exam Questions and Answers 100% Pass 
Which of the following did NOT contribute to the increase in foreclosure rates during the 
mortgage crisis? 
- Risky loan products with features like negative amortization 
- Homeowners paying off mortgages early 
- Aggressive marketing of Home Equity Line of Credits (HELOC) 
- Using teaser rates to qualify more borrowers - Correct Answer ️️ -Homeowners 
paying off mortgages early 
This program made it ...
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- Exam (elaborations)
- • 17 pages •
HUD Housing Counselor Module- Avoiding Foreclosure 
Exam Questions and Answers 100% Pass 
Which of the following did NOT contribute to the increase in foreclosure rates during the 
mortgage crisis? 
- Risky loan products with features like negative amortization 
- Homeowners paying off mortgages early 
- Aggressive marketing of Home Equity Line of Credits (HELOC) 
- Using teaser rates to qualify more borrowers - Correct Answer ️️ -Homeowners 
paying off mortgages early 
This program made it ...
HUD Housing Counselor Certification Practice Questions with 100% Correct Answers | 43 Pages
HUD Housing Counselor Certification Practice Questions 
with 100% Correct Answers | 43 Pages 
What is the maximum percent of area median income allowable for a household to qualify for a 
Housing Choice Voucher? - Answer ️️ -50% 
Which is the maximum recommended housing ratio for renting an apartment? - Answer ️️ - 
30% 
Eligibility requirements for down-payment assistance programs include which factors? - Answer ️️ 
-Income, home-buyer education, purchase price 
The client is consid...
- Package deal
- Exam (elaborations)
- • 43 pages •
HUD Housing Counselor Certification Practice Questions 
with 100% Correct Answers | 43 Pages 
What is the maximum percent of area median income allowable for a household to qualify for a 
Housing Choice Voucher? - Answer ️️ -50% 
Which is the maximum recommended housing ratio for renting an apartment? - Answer ️️ - 
30% 
Eligibility requirements for down-payment assistance programs include which factors? - Answer ️️ 
-Income, home-buyer education, purchase price 
The client is consid...
HUD Housing Counselor Module 4.1 & 4.2 | 100% Correct Answers
HUD Housing Counselor Module 4.1 & 4.2 | 
100% Correct Answers 
A potential homebuyer with a minimal savings for a down payment and a low credit score is 
most likely to qualify for which mortgage? 
- United States Department of Agriculture (USDA) 
- Federal Housing Administration (FHA) 
- Fannie Mae 
- Freddie Mac - Answer️️ -Federal Housing Administration (FHA) 
Which is the most significant benefit of using a real estate agent? 
- Marketing the home online 
- Obtaining a home inspection 
...
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- Exam (elaborations)
- • 15 pages •
HUD Housing Counselor Module 4.1 & 4.2 | 
100% Correct Answers 
A potential homebuyer with a minimal savings for a down payment and a low credit score is 
most likely to qualify for which mortgage? 
- United States Department of Agriculture (USDA) 
- Federal Housing Administration (FHA) 
- Fannie Mae 
- Freddie Mac - Answer️️ -Federal Housing Administration (FHA) 
Which is the most significant benefit of using a real estate agent? 
- Marketing the home online 
- Obtaining a home inspection 
...
Earth Science Exam Review 2024 with Complete Solutions
Hondros Nursing 172 Exam 2 Questions and Answers 100% Pass
Oregon Pesticide Examination: Ornamental and Turf Herbicide Questions and Answers 100% Pass
Xcel Solutions Property & Casualty Exam Questions and Answers
INSY-3303 FINAL EXAM STUDY GUIDE WITH COMPLETE SOLUTIONS
the answers are incorrect