Hud housing exam stuvia Study guides, Class notes & Summaries
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HUD Housing Counselor Study for Exam – JLM with Complete Solutions
- Exam (elaborations) • 6 pages • 2024
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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 Housing Exam 2023-2024 Questions and Answers 100% Correct!
- Exam (elaborations) • 10 pages • 2024
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Which document should the counselor review with the client to identify spending habits and track expenses: - ANSWER-Bank statement 
 
Which additional information would the housing counselor need to prepare a household budget for this client? - ANSWER-Net income 
 
Which item in the client's budget is a fixed expense? - ANSWER-Car lease payment 
 
What is the maximum percent of area medium income allowable for a household to qualify for a Housing Choice Voucher? - ANSWER-50% 
 
Which is the max...
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HUD Housing Counselor Exam Questions & Answers(RATED A+)
- Exam (elaborations) • 7 pages • 2024
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Adjustable Rate Mortgage (ARM) - ANSWER Adjustable rate mortgages have an initial rate that applies for a defined period of time (typically from one month to 10 years), then adjusts at pre-determined intervals for the life of the loan. Interest rates can increase or decrease when adjusted. 
 
Adjusted Gross Income - ANSWER Gross income minus adjustments, or reductions, that one is eligible for, such as deductions for unreimbursed business expenses, tuition and fees, and contributions to certain ...
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HUD Exam - Housing Affordability Questions and Answers 100% Correct!
- Exam (elaborations) • 6 pages • 2024
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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...
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HUD EXAM PREP - FAIR HOUSING QUESTIONS AND ANSWERS 100% CORRECT
- Exam (elaborations) • 4 pages • 2024
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HUD EXAM PREP - FAIR HOUSING QUESTIONS AND ANSWERS 100% CORRECTHUD EXAM PREP - FAIR HOUSING QUESTIONS AND ANSWERS 100% CORRECTHUD EXAM PREP - FAIR HOUSING QUESTIONS AND ANSWERS 100% CORRECTHUD EXAM PREP - FAIR HOUSING QUESTIONS AND ANSWERS 100% CORRECT
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HUD Exam - Fair Housing Questions and Answers 100% Verified
- Exam (elaborations) • 5 pages • 2024
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HUD Exam HUD Exam - Fair Housing Questions and Answers 100% VerifiedHUD Exam - Fair Housing Questions and Answers 100% VerifiedHUD Exam - Fair Housing Questions and Answers 100% VerifiedFair Housing Questions and Answers 100% Verified 
Which describes the legally enforceable terms that govern the use of real estate? 
A. Residential security restrictions 
B. Deed restrictions 
C. Redlined Maps 
Government-sponsored deeds - ANSWER-B. Deed Restrictions 
-Deed restrictions are legally enforceable te...
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HUD Housing Counselor Study for Exam – JLM with Complete Solutions!
- Exam (elaborations) • 6 pages • 2024
- Available in package deal
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- $11.99
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HUD Housing Counselor Study for Exam – JLM with Complete Solutions! 
 
 
HUD Housing Counselor Study for Exam – JLM with Complete Solutions! 
 
 
HUD Housing Counselor Study for Exam – JLM with Complete Solutions! 
 
 
HUD Housing Counselor Study for Exam – JLM with Complete Solutions! 
 
 
HUD Housing Counselor Study for Exam – JLM with Complete Solutions! 
 
 
HUD Housing Counselor Study for Exam – JLM with Complete Solutions! 
 
 
HUD Housing Counselor Study for Exam – JLM with ...
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HUD Exam - Housing Affordability Questions and Answers 100% Correct
- Exam (elaborations) • 3 pages • 2024
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Available in package deal
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HUD Exam - Housing Affordability Questions and Answers 100% Correct 
 
HUD Exam - Housing Affordability Questions and Answers 100% Correct 
 
HUD Exam - Housing Affordability Questions and Answers 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. Cl...
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HUD Housing Counselor Exam Questions With Correct Answers
- Exam (elaborations) • 8 pages • 2024
- Available in package deal
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Adjustable Rate Mortgage (ARM) - Answer Adjustable rate mortgages have an initial rate that applies for a defined period of time (typically from one month to 10 years), then adjusts at pre-determined intervals for the life of the loan. Interest rates can increase or decrease when adjusted. 
 
Adjusted Gross Income - Answer Gross income minus adjustments, or reductions, that one is eligible for, such as deductions for unreimbursed business expenses, tuition and fees, and contributions to certain ...
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HUD Housing Counselor Prep Exam Questions With Correct Answers
- Exam (elaborations) • 7 pages • 2024
- Available in package deal
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- $10.99
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What is the maximum percent of area median income allowable for a household to qualify for a Housing Choice Voucher? - Answer 50 % 
 
Maximum housing ratio to rent an apartment - Answer 30 % 
 
Eligibility requirements for downpayment assistance programs include which factors - Answer Income, homebuyer education, purchase price 
 
The client is considering an FHA mortgage. What is the upfront mortgage insurance premium (UFMIP) for an FHA mortgage? - Answer 1.75% 
 
What is ECOA? - Answer Equal C...
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