Before HASP Program Announcement Tomorrow, a Basic Eligibility Screening Tool.

The details of the Homeowner Affordability and Stability Program (HASP) details are scheduled for release tomorrow.

I am hopeful (for no good reason) that there will be job aids, including some on line or Excel screening tools, that housing counselors can use to screen homeowners to see if they meet basic eligibility standards for consideration under either the HASP refinance or loan modification programs.

I put together an Excel based screening tool that attempts to do that, using the information available prior to the formal announcement tomorrow. It requires 6 simple data entries, and then returns results indicating whether borrower MAY meet some basis eligibility requirements. This is ONLY for illustration purposes and should NOT be used to make any kind of determination about eligibility.

It's HERE, and depending on what happens tomorrow, I may either refine this or drop it.

(TIP: The estimator is in Excel 2007 file format. Some users report when they save Excel 2007 files they end up with a compressed .zip file extension. My suggestion is to download and save the file to your pc. Find the downloaded file, and if necessary, change the .zip extension to Excel 2007 extension (.xlsx), and THEN open the file with Excel).