HUD Housing Counselor Certification Practice Questions and Answers 2024

HUD Housing Counselor Certification Practice Questions and Answers 2024 What is the maximum percent of area median income allowable for a household to qualify for a Housing Choice Voucher? - answer-50% Which is the maximum recommended housing ratio for renting an apartment? - answer-30% Eligibility requirements for down-payment assistance programs include which factors? - answer-Income, home-buyer 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% If the client was denied a mortgage loan and the lender told him to come back after his divorce had been final for three years, what is the best advice for the housing counselor to provide to the client to report a violation to ECOA? - answer-Contact the Federal Trade Commission as the lender's action might violate the Equal Credit Opportunity Act A question from a lender on the client's Medical History would be inappropriate or appropriate? - answer-Inappropriate Who is responsible for educating home-buyers about their rights? - answer-Housing Counselor In order to minimize the impact on the client's credit score, what is the maximum time frame within which the client should apply for pre-approval from multiple lenders? - answer-A 30-day period