Fairfax Co. WDU Orientation Required Quiz

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Frage 1 von 25

Which of the following are benefits of Fairfax County's Affordable Homeownership Programs? CHECK ALL THAT APPLY:

Wähle eine oder mehr der folgenden:

Downpayment assistance
Interest rate reductions
Reduced purchase price
Lower property taxes

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Frage 2 von 25

After completing the WDU Online Orientation, ORDER the remaining steps to obtain a Certificate of Eligibility:

Ziehe eine Antwort zum richtigen orangen Punkt.

Print Quiz Results

Lender Pre-Approval

Unit Tour

Submit Eligibility Documents

VHDA Class

Application Session

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Frage 3 von 25

AFTER receiving your Certificate of Eligibility, ORDER the steps of the Drawing Procedure to be selected to purchase a specific property:

Ziehe eine Antwort zum richtigen orangen Punkt.

Enter T-Code Online

Weighted Drawing Results Emailed

Receive "Drawing Winner" Email

Submit Requested Documentation

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Frage 4 von 25

Once I have obtained my Certificate of Eligibility, I can begin looking at real estate listings to identify a home to purchase.

Wähle eins der folgenden:

WAHR
FALSCH

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Frage 5 von 25

For applicants applying only for WDU properties, how often must you re-certify your Certificate of Eligibility?

Wähle eine oder mehr der folgenden:

Annually
If you do not purchase within 120 days, and identify a new unit you wish to purchase
No re-certification required
Before each Open House

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Frage 6 von 25

LABEL the method to apply for each of the listings below:

Ziehe eine Antwort zum richtigen orangen Punkt.

Online Drawing: Enter T-Code Online

Resale: Attend Open House w/ Certificate

Immediately Available: Call to Apply

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Frage 7 von 25

Which of the following are required for all members of the household age 18+ when applying for a Certificate of Eligibility? CHECK ALL THAT APPLY:

Wähle eine oder mehr der folgenden:

Quiz Results
Fairfax County Lender Pre-Approval Form
Lender Pre-Approval on ANY Form
Triple Merge Credit Report
Government issued ID
Federal Tax Returns
W-2 & All Schedules
Bank Statements
Paystubs

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Frage 8 von 25

Which of the documents below allows you to enter an online drawing for WDUs?

Wähle eine der folgenden:

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Frage 9 von 25

In this example of the sale of a WDU in the Extended Control Period, what is the Resale Control Price?

Wähle eine der folgenden:

$300,000
$360,000
$800,000
$50,000

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Frage 10 von 25

In this example of a WDU sale in the Extended Control Period, what is YOUR portion of the Equity Split?

Wähle eine der folgenden:

$300,000
$270,000
$135,000
$330,000
$600,000

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Frage 11 von 25

DRAG & DROP the correct labels to identify the differing types of property value increases on the chart below:

Ziehe eine Antwort zum richtigen orangen Punkt.

Market Value Increase

WDU Control Price Increase

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Frage 12 von 25

Assuming today's date is October 15, 2018, which of the listings below from the Homeownership website, are still available?

Wähle eine oder mehr der folgenden:

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Frage 13 von 25

Sam and Diane are a couple in the 80% AMI category, whose Lender Pre-approval is for $365,000. Which of the WDU Units posted in the Listing may they apply for?

Wähle eine oder mehr der folgenden:

1BR - 80% Unit
1BR - 100% Unit
1BR - 120% Unit
2BR - 80% Unit
2BR - 100% Unit
2BR - 120% Unit

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Frage 14 von 25

What price will this household of three, earning $105,000 annually, pay if selected to purchase one of the townhouses in this example?

Wähle eine der folgenden:

$417,000
$325,600
$278,150
$105,500

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Frage 15 von 25

Which of the following scenarios are acceptable AFTER the purchase of a WDU?

Wähle eine oder mehr der folgenden:

Winning the Lottery
Increasing Family Size
Changing Household Members

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Frage 16 von 25

This example of a WDU Unit in the Initial Control Period, what is the maximum the purchaser may refinance for?

Wähle eine der folgenden:

$150,000
$160,000
$300,000
$60,000

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Frage 17 von 25

To Access the VHDA class schedule, you must ❌

Klicke und ziehe, um den Text zu vervollständigen.

click on "Free Homebuyer Education"

go to the Homeownership website

call the Homeownership Reseorce Center

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Frage 18 von 25

In this example, which of the following statements are true?

Wähle eine oder mehr der folgenden:

Household may only purchase WDUs
Household has 4 WDU Preference Points
Household has 7 FTHB Preference Points
To remain on the WDU Eligibility List, Household must recertify annually
Household has 11 Preference Points
Household may purchase ADU up to $250,000

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Frage 19 von 25

In this Example, with the information given, which of the following WDU Priority Criteria does the family meet (Priority Criteria are weighted first, before Preference Points are considered) in sorting the drawing for a NON-mobility accessible WDU Unit that is NOT in a Senior Community.

Wähle eine oder mehr der folgenden:

Lives or Works in Fairfax
First-Time Homebuyer
Senior 55+
Mobility Accessibility Need
Household size 4

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Frage 20 von 25

What additional form must you complete on the IRS website, and submit the results for with your WDU Application, if any household member 18+ has not filed a tax return?

Wähle eine der folgenden:

4506T
Birth Certificate Application
Vital Records Application
Request for Land Records
Request for Bankruptcy Transcript

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Frage 21 von 25

In this example, which Household will be LAST in the Drawing for a 3BR WDU Unit?

Wähle eine der folgenden:

Yellow
Purple
Blue
Orange
Pink

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Frage 22 von 25

Once I purchase a home through the County's Affordable Home Ownership Programs, I must live there for at least 30 years.

Wähle eins der folgenden:

WAHR
FALSCH

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Frage 23 von 25

Which TWO of the following are violations of the WDU Covenants during the 30 year Control Period:

Wähle eine oder mehr der folgenden:

Receiving a Homeowner's Association violation
Selling the home to a family member
Moving to Florida and renting the unit to a family member
Refinancing for the outstanding principal balance
Offering the unit for sale to Fairfax County

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Frage 24 von 25

The WDU owner must comply with the following rules during the Initial Control Period? CHECK ALL THAT APPLY:

Wähle eine oder mehr der folgenden:

Sign an annual occupancy affidavit.
Offer the unit to the FCRHA regardless of whether the unit is in the initial or extended control period.
Split net profits 50/50 with the Housing Trust Fund upon resale.
Refinancing is limited to current outstanding principal balance.

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Frage 25 von 25

Which of the following apply when a property is being sold during the extended control period? CHECK ALL THAT APPLY:

Wähle eine oder mehr der folgenden:

The property is sold at the control price based on the Consumer Price Index.
The home must first be offered exclusively to FCRHA for purchase.
An Equity Share of one half of the difference between the net sales price paid by the purchaser and the seller homeowner’s purchase price shall be contributed to the Housing Trust Fund at closing.

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	Erstellt von Fairfax Homeownership vor fast 6 Jahre

This quiz is a required step to apply to purchase a Fairfax County Workforce Dwelling Unit. Whether viewing the Orientation via GoConqr, YouTube, or GoToMeeting you must PRINT Quiz Results of 80% or higher to submit with WDU Application Eligibility documents.

Fairfax Co. WDU Orientation Required Quiz

Fairfax Co. WDU Orientation Required Quiz

Frage 1 von 25

Which of the following are benefits of Fairfax County's Affordable Homeownership Programs? CHECK ALL THAT APPLY:

Wähle eine oder mehr der folgenden:

Erklärung

Frage 2 von 25

After completing the WDU Online Orientation, ORDER the remaining steps to obtain a Certificate of Eligibility:

Ziehe eine Antwort zum richtigen orangen Punkt.

Erklärung

Frage 3 von 25

AFTER receiving your Certificate of Eligibility, ORDER the steps of the Drawing Procedure to be selected to purchase a specific property:

Ziehe eine Antwort zum richtigen orangen Punkt.

Erklärung

Frage 4 von 25

Once I have obtained my Certificate of Eligibility, I can begin looking at real estate listings to identify a home to purchase.

Wähle eins der folgenden:

Erklärung

Frage 5 von 25

For applicants applying only for WDU properties, how often must you re-certify your Certificate of Eligibility?

Wähle eine oder mehr der folgenden:

Erklärung

Frage 6 von 25

LABEL the method to apply for each of the listings below:

Ziehe eine Antwort zum richtigen orangen Punkt.

Erklärung

Frage 7 von 25

Which of the following are required for all members of the household age 18+ when applying for a Certificate of Eligibility? CHECK ALL THAT APPLY:

Wähle eine oder mehr der folgenden:

Erklärung

Frage 8 von 25

Which of the documents below allows you to enter an online drawing for WDUs?

Wähle eine der folgenden:

Erklärung

Frage 9 von 25

In this example of the sale of a WDU in the Extended Control Period, what is the Resale Control Price?

Wähle eine der folgenden:

Erklärung

Frage 10 von 25

In this example of a WDU sale in the Extended Control Period, what is YOUR portion of the Equity Split?

Wähle eine der folgenden:

Erklärung

Frage 11 von 25

DRAG & DROP the correct labels to identify the differing types of property value increases on the chart below:

Ziehe eine Antwort zum richtigen orangen Punkt.

Erklärung

Frage 12 von 25

Assuming today's date is October 15, 2018, which of the listings below from the Homeownership website, are still available?

Wähle eine oder mehr der folgenden:

Erklärung

Frage 13 von 25

Sam and Diane are a couple in the 80% AMI category, whose Lender Pre-approval is for $365,000. Which of the WDU Units posted in the Listing may they apply for?

Wähle eine oder mehr der folgenden:

Erklärung

Frage 14 von 25

What price will this household of three, earning $105,000 annually, pay if selected to purchase one of the townhouses in this example?

Wähle eine der folgenden:

Erklärung

Frage 15 von 25

Which of the following scenarios are acceptable AFTER the purchase of a WDU?

Wähle eine oder mehr der folgenden:

Erklärung

Frage 16 von 25

This example of a WDU Unit in the Initial Control Period, what is the maximum the purchaser may refinance for?

Wähle eine der folgenden:

Erklärung

Frage 17 von 25

To Access the VHDA class schedule, you must ❌

Klicke und ziehe, um den Text zu vervollständigen.

Erklärung

Frage 18 von 25

In this example, which of the following statements are true?

Wähle eine oder mehr der folgenden:

Erklärung

Frage 19 von 25

In this Example, with the information given, which of the following WDU Priority Criteria does the family meet (Priority Criteria are weighted first, before Preference Points are considered) in sorting the drawing for a NON-mobility accessible WDU Unit that is NOT in a Senior Community.

Wähle eine oder mehr der folgenden:

Erklärung

Frage 20 von 25