Fairfax Co. WDU Orientation Required Quiz

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Question 1 of 25

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

Select one or more of the following:

Downpayment assistance
Interest rate reductions
Reduced purchase price
Lower property taxes

Explanation

Question 2 of 25

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

Drag an answer into the correct orange point.

Print Quiz Results

Lender Pre-Approval

Unit Tour

Submit Eligibility Documents

VHDA Class

Application Session

Explanation

Question 3 of 25

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

Drag an answer into the correct orange point.

Enter T-Code Online

Weighted Drawing Results Emailed

Receive "Drawing Winner" Email

Submit Requested Documentation

Explanation

Question 4 of 25

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

Select one of the following:

True
False

Explanation

Question 5 of 25

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

Select one or more of the following:

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

Explanation

Question 6 of 25

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

Drag an answer into the correct orange point.

Online Drawing: Enter T-Code Online

Resale: Attend Open House w/ Certificate

Immediately Available: Call to Apply

Explanation

Question 7 of 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:

Select one or more of the following:

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

Explanation

Question 8 of 25

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

Select one of the following:

Explanation

Question 9 of 25

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

Select one of the following:

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

Explanation

Question 10 of 25

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

Select one of the following:

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

Explanation

Question 11 of 25

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

Drag an answer into the correct orange point.

Market Value Increase

WDU Control Price Increase

Explanation

Question 12 of 25

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

Select one or more of the following:

Explanation

Question 13 of 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?

Select one or more of the following:

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

Explanation

Question 14 of 25

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

Select one of the following:

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

Explanation

Question 15 of 25

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

Select one or more of the following:

Winning the Lottery
Increasing Family Size
Changing Household Members

Explanation

Question 16 of 25

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

Select one of the following:

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

Explanation

Question 17 of 25

To Access the VHDA class schedule, you must ❌

Drag and drop to complete the text.

click on "Free Homebuyer Education"

go to the Homeownership website

call the Homeownership Reseorce Center

Explanation

Question 18 of 25

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

Select one or more of the following:

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

Explanation

Question 19 of 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.

Select one or more of the following:

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

Explanation

Question 20 of 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?

Select one of the following:

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

Explanation

Question 21 of 25

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

Select one of the following:

Yellow
Purple
Blue
Orange
Pink

Explanation

Question 22 of 25

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

Select one of the following:

True
False

Explanation

Question 23 of 25

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

Select one or more of the following:

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

Explanation

Question 24 of 25

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

Select one or more of the following:

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.

Explanation

Question 25 of 25

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

Select one or more of the following:

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.

Explanation

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	Created by Fairfax Homeownership over 5 years ago

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

Question 1 of 25

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

Select one or more of the following:

Explanation

Question 2 of 25

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

Drag an answer into the correct orange point.

Explanation

Question 3 of 25

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

Drag an answer into the correct orange point.

Explanation

Question 4 of 25

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

Select one of the following:

Explanation

Question 5 of 25

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

Select one or more of the following:

Explanation

Question 6 of 25

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

Drag an answer into the correct orange point.

Explanation

Question 7 of 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:

Select one or more of the following:

Explanation

Question 8 of 25

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

Select one of the following:

Explanation

Question 9 of 25

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

Select one of the following:

Explanation

Question 10 of 25

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

Select one of the following:

Explanation

Question 11 of 25

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

Drag an answer into the correct orange point.

Explanation

Question 12 of 25

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

Select one or more of the following:

Explanation

Question 13 of 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?

Select one or more of the following:

Explanation

Question 14 of 25

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

Select one of the following:

Explanation

Question 15 of 25

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

Select one or more of the following:

Explanation

Question 16 of 25

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

Select one of the following:

Explanation

Question 17 of 25

To Access the VHDA class schedule, you must ❌

Drag and drop to complete the text.

Explanation

Question 18 of 25

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

Select one or more of the following:

Explanation

Question 19 of 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.

Select one or more of the following:

Explanation

Question 20 of 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?