HUD Housing Counselor Exam 2025 Questions
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Terms in this set (71)
Adjustable Rate Mortgage (ARM) 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 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 retirement accounts.
AFFH Affirmatively Furthering Fair Housing
AFHMP Affirmative Fair Housing Marketing Plan
, Analysis of Impediments (AI) Analysis of Impediments is a review of impediments
or barriers that affect the rights of fair housing
choice. It covers public and private policies,
practices, and procedures affecting housing
choice. Impediments to fair housing choice are
defined as any actions, omissions, or decisions that
restrict, or have the effect of restricting, the
availability of housing choices, based on race,
color, religion, sex, disability, familial status, or
national origin. The AI supports fair housing
planning; provides essential information to policy
makers, administrative staff, housing providers,
lenders, and fair housing advocates; and assists in
building public support for fair housing efforts.
Area Median Income (AMI) The midpoint in the family income range for a
metropolitan statistical area or for the non-
metropolitan parts of a state. Determined annually
by HUD, the figure often is used as a basis to
stratify incomes into very low, low, moderate, and
above moderate. Frequently used to determine
income eligibility for various housing programs.
Arrearages The total amount of past due payments owed to a
lender from a borrower in mortgage payments or
to a landlord from a tenant in rental payments. Also
called arrears.
and Answers () (Verified Answers)
Save
Terms in this set (71)
Adjustable Rate Mortgage (ARM) 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 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 retirement accounts.
AFFH Affirmatively Furthering Fair Housing
AFHMP Affirmative Fair Housing Marketing Plan
, Analysis of Impediments (AI) Analysis of Impediments is a review of impediments
or barriers that affect the rights of fair housing
choice. It covers public and private policies,
practices, and procedures affecting housing
choice. Impediments to fair housing choice are
defined as any actions, omissions, or decisions that
restrict, or have the effect of restricting, the
availability of housing choices, based on race,
color, religion, sex, disability, familial status, or
national origin. The AI supports fair housing
planning; provides essential information to policy
makers, administrative staff, housing providers,
lenders, and fair housing advocates; and assists in
building public support for fair housing efforts.
Area Median Income (AMI) The midpoint in the family income range for a
metropolitan statistical area or for the non-
metropolitan parts of a state. Determined annually
by HUD, the figure often is used as a basis to
stratify incomes into very low, low, moderate, and
above moderate. Frequently used to determine
income eligibility for various housing programs.
Arrearages The total amount of past due payments owed to a
lender from a borrower in mortgage payments or
to a landlord from a tenant in rental payments. Also
called arrears.
