Hud exam prep 2024 stuvia - Study guides, Class notes & Summaries
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HUD Exam Prep 2024 Questions and Answers 100% Correct
- Exam (elaborations) • 14 pages • 2024
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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 Exam Prep 2024 with Complete Solutions (GRADED A+)
- Exam (elaborations) • 37 pages • 2024
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% Impact of Account Payment History on Credit Score - ANSWER-35% 
portion of credit score based on the payment history of accounts, including late payments, delinquencies, judgments, and liens 
 
% Impact of Amounts Owed on Accounts on Credit Score - ANSWER-30% 
portion of score based on the ratio of total credit extended to the amount of credit owed 
 
% Impact of Length of Credit History on Credit Score - ANSWER-15% 
portion of score based don the overall length of credit history in the repor...
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HUD Exam Prep 2024 Questions and Answers 100% Correct(GRADED A+)
- Exam (elaborations) • 14 pages • 2024
- Available in package deal
-
- $16.49
- + learn more
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% 
Back End 41%, low-to-moderate income, must live rural area, no down payment, comp...
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