Hud 2024 - Study guides, Class notes & Summaries

HUD Housing Counselor Certification Practice Question and answers already passed 2023/2024What is the maximum percent of area median income allowable for a household to qualify for a Housing Choice Voucher? - correct answer 50% 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 co...

HUD Exa Question and answers correctly solved 2024 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 insura...

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 years and earns $50,000 a year. His div...

HUD Certification Exam Study Guide New 2024 Latest Version with All Questions from Actual Past Exam and Answers

HUD CERTIFICATION EXAM 2024 ACTUAL EXAM COMPLETE 300 QUESTIONS WITH DETAILED VERIFIED ANSWERS BEST REVISION MATERIAL ALREADY GRADED A+

HUD HOUSING COUNSELOR CERTIFICATION EXAM 2024 ACTUAL EXAM COMPLETE 270 QUESTIONS WITH DETAILED VERIFIED ANSWERS BEST REVISION MATERIAL ALREADY GRADED A+

The following contributed to the increase in foreclosure rates, except: A. Subprime lending B. Risky loan products with feature like negative amortization C. Demand from the secondary market D. Homeowners paying off mortgages early E. Using teaser rates to qualify more borrowers. - Answer D. Homeowners paying off mortgages early. Making Home Affordable was created in order: A. To make it easier for borrowers to understand loan terms, to require homeownership counseling for some mort...

HUD CERTIFICATION EXAM LATEST EXAM 2024 | ALL QUESTIONS AND CORRECT ANSWERS | ALREADY GRADED A+ | LATEST VERSION

HUD 2022 Practice Exam Questions and Answers 2024