Hud housing affordability - Study guides, Class notes & Summaries

HUD Exam - Housing Affordability Questions and Answers 100% Pass All of the following are true statements about upfront costs associated with renting and buying, except; A. Renters generally pay a security deposit upon signing a lease. B. The average cost due upon signing a lease for a rental is typically between 20% of the monthly rent.. C. Closing costs are typically comprised of lender fees, discount points, title insurance, home inspection fees, escrow deposit, property taxes, privat...

HUD Exam - Housing Affordability Questions with Complete Rationales

HUD Exam - Housing Affordability correct 1All of the following are true statements about upfront costs associated with renting and buying, except; A. Renters generally pay a security deposit upon signing a lease. B. The average cost due upon signing a lease for a rental is typically between 20% of the monthly rent.. C. Closing costs are typically comprised of lender fees, discount points, title insurance, home inspection fees, escrow deposit, property taxes, private mortgage insurance, and a...

Types of Credit Used - ANSWER Student loan or credit cards only FAKO scores - ANSWER purchase score which are educational score Fair Credit Reporting Act FCRA - ANSWER what is in file/dispute/remove 30 days/remove bad 7 yrs/bk 10 yrs/access limited/damages from violators/state rights Fair and Accurate Credit Transactions Act FACTA - ANSWER free cbrs/fraud alert/truncate cc #s Fair Credit Billing Act (FCBA) - ANSWER dispute bill error/mail 60 days/creditor 30 days acknowledge and 90 d...

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 additional information would the housing counselor need to prepare a household budget for this client? A. Net Income B. Lease Documentation C. Credit Score D. Bankruptcy Discharge *Ans* Net Incom...

2024 Hud Final Exam Prep (Questions And Answers) Types of Credit Used - CORRECT ANSWER-Student loan or credit cards only FAKO scores - CORRECT ANSWER-purchase score which are educational score Fair Credit Reporting Act FCRA - CORRECT ANSWER-what is in file/dispute/remove 30 days/remove bad 7 yrs/bk 10 yrs/access limited/damages from violators/state rights Fair and Accurate Credit Transactions Act FACTA - CORRECT ANSWER-free cbrs/fraud alert/truncate cc #s Fair Credit Billing Act (FCBA...

HUD Exam - Housing Affordability Practice Test Questions |2024/2025 study year| 100% Correct All of the following are true statements about upfront costs associated with renting and buying, except; A. Renters generally pay a security deposit upon signing a lease. B. The average cost due upon signing a lease for a rental is typically between 20% of the monthly rent.. C. Closing costs are typically comprised of lender fees, discount points, title insurance, home inspection fees, escr...

HUD Exam - Tenancy Questions And Answers what are the 2 initial steps of tenancy (rental) counseling - answer1. determine affordability 2. review affordable housing program options (LIHTC, public housing, section 8) additional steps of tenancy counseling - answer1. provide referrals to rental housing assistance programs 2. discuss housing wants and needs 3. identify common obstacles and solutions for application approval 4. coach on upholding a lease agreement 5. share method for resolv...

All of the following are true statements about upfront costs associated with renting and buying, except; A. Renters generally pay a security deposit upon signing a lease. B. The average cost due upon signing a lease for a rental is typically between 20% of the monthly rent.. C. Closing costs are typically comprised of lender fees, discount points, title insurance, home inspection fees, escrow deposit, property taxes, private mortgage insurance, and attorney's fees. D. A client who desires...