Fairfax Co. WDU Orientation Required Quiz

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Pregunta 1 de 25

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

Selecciona una o más de las siguientes respuestas posibles:

Downpayment assistance
Interest rate reductions
Reduced purchase price
Lower property taxes

Explicación

Pregunta 2 de 25

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

Arrastra la opción correcta a cada uno de los puntos naranjas

Print Quiz Results

Lender Pre-Approval

Unit Tour

Submit Eligibility Documents

VHDA Class

Application Session

Explicación

Pregunta 3 de 25

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

Arrastra la opción correcta a cada uno de los puntos naranjas

Enter T-Code Online

Weighted Drawing Results Emailed

Receive "Drawing Winner" Email

Submit Requested Documentation

Explicación

Pregunta 4 de 25

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

Selecciona uno de los siguientes:

VERDADERO
FALSO

Explicación

Pregunta 5 de 25

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

Selecciona una o más de las siguientes respuestas posibles:

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

Explicación

Pregunta 6 de 25

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

Arrastra la opción correcta a cada uno de los puntos naranjas

Online Drawing: Enter T-Code Online

Resale: Attend Open House w/ Certificate

Immediately Available: Call to Apply

Explicación

Pregunta 7 de 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:

Selecciona una o más de las siguientes respuestas posibles:

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

Explicación

Pregunta 8 de 25

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

Selecciona una de las siguientes respuestas posibles:

Explicación

Pregunta 9 de 25

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

Selecciona una de las siguientes respuestas posibles:

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

Explicación

Pregunta 10 de 25

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

Selecciona una de las siguientes respuestas posibles:

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

Explicación

Pregunta 11 de 25

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

Arrastra la opción correcta a cada uno de los puntos naranjas

Market Value Increase

WDU Control Price Increase

Explicación

Pregunta 12 de 25

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

Selecciona una o más de las siguientes respuestas posibles:

Explicación

Pregunta 13 de 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?

Selecciona una o más de las siguientes respuestas posibles:

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

Explicación

Pregunta 14 de 25

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

Selecciona una de las siguientes respuestas posibles:

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

Explicación

Pregunta 15 de 25

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

Selecciona una o más de las siguientes respuestas posibles:

Winning the Lottery
Increasing Family Size
Changing Household Members

Explicación

Pregunta 16 de 25

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

Selecciona una de las siguientes respuestas posibles:

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

Explicación

Pregunta 17 de 25

To Access the VHDA class schedule, you must ❌

Arrastra y suelta para completar el texto.

click on "Free Homebuyer Education"

go to the Homeownership website

call the Homeownership Reseorce Center

Explicación

Pregunta 18 de 25

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

Selecciona una o más de las siguientes respuestas posibles:

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

Explicación

Pregunta 19 de 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.

Selecciona una o más de las siguientes respuestas posibles:

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

Explicación

Pregunta 20 de 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?

Selecciona una de las siguientes respuestas posibles:

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

Explicación

Pregunta 21 de 25

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

Selecciona una de las siguientes respuestas posibles:

Yellow
Purple
Blue
Orange
Pink

Explicación

Pregunta 22 de 25

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

Selecciona uno de los siguientes:

VERDADERO
FALSO

Explicación

Pregunta 23 de 25

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

Selecciona una o más de las siguientes respuestas posibles:

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

Explicación

Pregunta 24 de 25

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

Selecciona una o más de las siguientes respuestas posibles:

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.

Explicación

Pregunta 25 de 25

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

Selecciona una o más de las siguientes respuestas posibles:

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.

Explicación

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	Creado por Fairfax Homeownership hace casi 6 años

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

Pregunta 1 de 25

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

Selecciona una o más de las siguientes respuestas posibles:

Explicación

Pregunta 2 de 25

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

Arrastra la opción correcta a cada uno de los puntos naranjas

Explicación

Pregunta 3 de 25

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

Arrastra la opción correcta a cada uno de los puntos naranjas

Explicación

Pregunta 4 de 25

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

Selecciona uno de los siguientes:

Explicación

Pregunta 5 de 25

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

Selecciona una o más de las siguientes respuestas posibles:

Explicación

Pregunta 6 de 25

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

Arrastra la opción correcta a cada uno de los puntos naranjas

Explicación

Pregunta 7 de 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:

Selecciona una o más de las siguientes respuestas posibles:

Explicación

Pregunta 8 de 25

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

Selecciona una de las siguientes respuestas posibles:

Explicación

Pregunta 9 de 25

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

Selecciona una de las siguientes respuestas posibles:

Explicación

Pregunta 10 de 25

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

Selecciona una de las siguientes respuestas posibles:

Explicación

Pregunta 11 de 25

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

Arrastra la opción correcta a cada uno de los puntos naranjas

Explicación

Pregunta 12 de 25

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

Selecciona una o más de las siguientes respuestas posibles:

Explicación

Pregunta 13 de 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?

Selecciona una o más de las siguientes respuestas posibles:

Explicación

Pregunta 14 de 25

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

Selecciona una de las siguientes respuestas posibles:

Explicación

Pregunta 15 de 25

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

Selecciona una o más de las siguientes respuestas posibles:

Explicación

Pregunta 16 de 25

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

Selecciona una de las siguientes respuestas posibles:

Explicación

Pregunta 17 de 25

To Access the VHDA class schedule, you must ❌

Arrastra y suelta para completar el texto.

Explicación

Pregunta 18 de 25

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

Selecciona una o más de las siguientes respuestas posibles:

Explicación

Pregunta 19 de 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.

Selecciona una o más de las siguientes respuestas posibles:

Explicación

Pregunta 20 de 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?