Front end ratio - Study guides, Class notes & Summaries
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HUD Housing Counseling Exam Questions & Answers Solved 100%
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Back-end ratio - Answer The back-end ratio (or debt-to-income ratio) compares total debt to gross monthly income. The client's only debt is a $435 lease payment, so the $950 mortgage payment brings his total monthly debt to $1,385. He earns $50,000 per year, which equals $4,166.67 per month. The client's total current expenses divided by gross monthly income equals 52%. The client's combined current housing payment and car payment divided by gross monthly income equals 24%. 
Calculation: 
Deb...
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Housing Counselor Exam Correct 100%
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Default - ANSWER When no payments made after 60 to 90 days... 30 for FHA loans 
 
Front-End Ratio Equation - ANSWER Monthly housing expenses/gross monthly income 
 
Front-End Ratio maximums - ANSWER 28% or less - conventional loan 
31% or less for FHA, 30% or less for rentals 
 
Back-End Ratio (Debt-to-Income) Equation - ANSWER total monthly debt expenses/gross monthly income 
 
Back-End Ratio Caps - ANSWER 36% for conventional loans and renters, 43% for FHA, 45% for Energy Efficiency Mortgage l...
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NMLS Exam Set Study Guide FINANCE
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Conventional Loan 
Front end 28% 
Back end 36% can go up to 45% to 50%(debt to income), backed by private lenders. AKA prime loans. 
Good credit, 20% down payment. May have interest only terms 
FHA 
Front end 31% 
Back end 43% 
Limited funds, bad credit, bankruptcy, high debt to income ratio. 
EEM (Energy) FHA 
Front end 33% 
Back end 45% 
VA 
41% 
USDA 
Front End 29% 
Back End 41%, low-to-moderate income, must live rural area, no down payment, competitive rates. 
Bellow 115% median income. Loan...
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HUD Exam Prep Questions and Answers 100% Pass
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HUD Exam Prep Questions and Answers 100% Pass 
Conventional Loan - Correct Answer ️️ -Front end 28% 
Back end 36% can go up to 45% to 50%(debt to income), backed by private lenders. 
AKA prime loans. Good credit, 20% down payment. May have interest only terms 
FHA - Correct Answer ️️ -Front end 31% 
Back end 43% 
Limited funds, bad credit, bankruptcy, high debt to income ratio. 
EEM (Energy) FHA - Correct Answer ️️ -Front end 33% 
Back end 45% 
VA - Correct Answer ️️ -41% 
USDA -...
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HUD Housing Counselor Study for Exam – JLM with Complete Solutions
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HUD Housing Counselor Study for Exam – JLM with Complete SolutionsHUD Housing Counselor Study for Exam – JLM with Complete SolutionsHUD Housing Counselor Study for Exam – JLM with Complete SolutionsHUD Housing Counselor Study for Exam – JLM with Complete Solutions 
Front end ratio (parts) - ANSWER-Monthly Housing Expense / Gross Income 
 
Back End Ratio (parts) - ANSWER-Monthly housing+debt (on credit report - car loan, credit cards & etc) / Gross Income 
 
Renter Ratio - ANSWER-30% / 36...
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Hud 2024 Updated Exam Q&A
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Hud 2024 Updated Exam Q&A 
A client, who is a divorced local school teacher, is interested in purchasing his first 
home. He wishes to stay in the same neighborhood where he now lives and to purchase 
a home in the low-$100,000 range. He currently leases a car for $435 a month and 
would like to buy a new car. The client has a lease on an apartment with his college 
friend. Their monthly rent on the apartment, which they split evenly, is $1,100. He has 
been working as a teacher for five ye...
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HUD EXAM Questions and Answer Already Passed
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Conventional Loan - ANSWER Front end 28% 
Back end 36% can go up to 45% to 50%(debt to income), backed by private lenders. AKA prime 
loans. Good credit, 20% down payment. May have interest only terms 
FHA - ANSWER Front end 31% 
Back end 43% 
Limited funds, bad credit, bankruptcy, high debt to income ratio. 
EEM (Energy) FHA - ANSWER Front end 33% 
Back end 45% 
VA - ANSWER 41% 
USDA - ANSWER Front End 29%
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HUD Exam Prep 2024 Questions and Answers 100% Correct
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HUD Exam Prep 2024 Questions and Answers 100% CorrectHUD Exam Prep 2024 Questions and Answers 100% CorrectHUD Exam Prep 2024 Questions and Answers 100% CorrectHUD Exam Prep 2024 Questions and Answers 100% Correct 
 
Conventional Loan - ANSWER-Front end 28% 
Back end 36% can go up to 45% to 50%(debt to income), backed by private lenders. AKA prime loans. Good credit, 20% down payment. May have interest only terms 
 
FHA - ANSWER-Front end 31% 
Back end 43% 
Limited funds, bad credit, bankruptcy, ...
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HUD Housing Counseling Exam Question and answers rated A+ 2023
- Exam (elaborations) • 35 pages • 2023
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HUD Housing Counseling Exam Question and answers rated A+ 2023 
 
Back-end ratio - correct answer The back-end ratio (or debt-to-income ratio) compares total debt to gross monthly income. The client's only debt is a $435 lease payment, so the $950 mortgage payment brings his total monthly debt to $1,385. He earns $50,000 per year, which equals $4,166.67 per month. The client's total current expenses divided by gross monthly income equals 52%. The client's combined current housing payment a...
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HUD Housing Counseling Exam 100% correct
- Exam (elaborations) • 35 pages • 2024
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Available in package deal
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HUD Housing Counseling Exam 100% correct 
Back-end ratio - ANSWER The back-end ratio (or debt-to-income ratio) compares total debt to gross monthly income. The client's only debt is a $435 lease payment, so the $950 mortgage payment brings his total monthly debt to $1,385. He earns $50,000 per year, which equals $4,166.67 per month. The client's total current expenses divided by gross monthly income equals 52%. The client's combined current housing payment and car payment divided by gross mo...
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