Hud test 1 - Study guides, Class notes & Summaries

HUD Test 1 questions with correct answers

Which document should the counsellor review with the client to identify spending habits and track expenses? - Bank Statement Which additional information would the housing counsellor need to prepare a household budget for this client? - Net income Which item in the client's budget is a fixed expense? - Car lease payment What is the maximum percent of area median income allowable for a household to qualify for a Housing Choice Voucher? - 50%

NMLS Practice Test Hard Questions with Verified Answers A discount point is BEST described as a charge the borrower pays to: A.) A lender to decrease the interest rate on the mortgage loan B.) A mortgage broker at the time of application to obtain a favorable rate C.) The seller as part of the closing costs of a loan D.) A lender to ensure against foreclosure A.) A lender to decrease the interest rate on the mortgage loan A buyer has made an earnest money payment of $5,000. The b...

HUD Test 1 | 159 Questions and Answers 100% Correct

Hud Test 1

HECM Test Exam Questions And Revised Correct Answers 2024 A borrower got her HECM loan many years ago when the lending limit for her county was $600,000. Her home is appraised for $800,000. What is the most her repayment of the loan could be? A. $600,000 B. $800,000 C. 75% of appraised value D. Net proceeds from selling the home - ANSWERS D A borrower has a $200,000 home value. What is the likely upfront cost added to the loan balance at closing? (Revisit. Where is the formula?) A...

EPA Lead Inspector questions and answers latest top score. Lead-based paint (LBP) - correct answers.Any varnish, shallac, or coating that contains either- 1.0 mg/cm2 - 0.5 % by weight - 5000 ppm - Older instruments could not read accurately at 0.7, so the lead standard was updated to 1.0 Dust sample clearance values - correct answers.- Floors: 40 μg/ft2 > 10 μg/ft2 (10 μg/ft2 in NY) - Windows: 250 μg/ft2 > 100 μg/ft2 (50 μg/ft2 in NY) - Window wells (troug...

HUD Guidelines - Answer- What Federal document serves as an overall guideline for performing inspections, risk assessments, and abatement activities? chelation therapy - Answer- A child may be treated for lead poisoning by using... Identify LBP hazards - Answer- The purpose of a lead risk assessment is to? Elevated Blood Level - Answer- What does EBL mean? Ingestion of lead dust - Answer- How does lead primarily enter children's bodies? No, the elevated blood levels of 17ug/dL an...

HUD Test 1 with Complete Solutions Already Passed Which document should the counselor review with the client to identify spending habits and track expenses? Bank Statement Which additional information would the housing counselor need to prepare a household budget for this client? Net income Which item in the client's budget is a fixed expense? Car lease payment What is the maximum percent of area median income allowable for a household to qualify for a Housing Choice Voucher? 50% Which is ...

Lead Inspector / Assessor Course Exam Questions And Answers (100% Solved) What agencies focus on childhood lead poisoning prevention? - Correct Answer-CDPH, HUD, EPA What is the CAL OSHA Standard for lead? - Correct Answer-Title 8 CCR 1532.1 What is the Guidelines for the Evaluation and Control of Lead Based Paint Hazards in Housing? - Correct Answer-1995 HUD Guidelines When was the revision to Chapter 7 of the Guidelines for the Evaluation and Control of Lead Based Paint Hazards in Housi...