Comprehensive HUD Test Bank: 100% Correct Answers

HUD Housing Counselor Certification Practice Exam |Question and Answer| 100% Correct What is the maximum percent of area median income allowable for a household to qualify for a Housing Choice Voucher? *Ans* 50% Which is the maximum recommended housing ratio for renting an apartment? *Ans...

HUD Study Guide- Financial Management [Question and Answer] 100% Pass #LATEST!!! Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? - List of Assets - Current Lease - Retirement Plan statement - Pay stubs *Ans* Pay stub...

Verified Study Guide: HUD Exam - Housing Affordability |2024/2025 study year| 100% Correct Which document should the counselor review with the client to identify spending habits and track expenses? A. Credit report B. Pay stubs C. Bank Statement D. Tax returns *Ans* Bank Statement Which a...

HUD Exam Prep |Question and Answer| 100% Correct 2024/2025 % Impact of Account Payment History on Credit Score *Ans* 35% portion of credit score based on the payment history of accounts, including late payments, delinquencies, judgments, and liens % Impact of Amounts Owed on Accounts on Credit...

Latest HUD Certification Exam |Question and Answer| 100% Correct Deed Restrictions *Ans* Legally enforceable terms that govern the use of real estate Redlining *Ans* The practice of refusing to make residential loans or imposing more onerous terms on any loans made because of the predominant r...

HUD Certification Mock Questions and Answer |100% Correct| UPDATED!!! Back end ratio *Ans* compares the total of all monthly PITI expenditures plus auto loans and other debts with gross monthly income Front-end ratio *Ans* compares the total annual PITI expenditures for housing with the loan...