| Sumario: | Desktop Home Counselor software is beneficial for local housing agencies that wish to determine which residents could purchase their own homes and how much they could afford to pay. This software, which is now available without charge from Fannie Mae, makes it easier for agencies to provide this information. The beneficial features of using the software for doing an affordability analysis are that the system allows clients' credit reports to be downloaded and stored for later use; that once basic personal and financial information for a client has been entered, a variety of reports can be generated; that it can determine the amount a client can afford to pay based on various interest levels; and that it can determine the amount that clients can afford, based on their available funds, liabilities, and incomes. Details of the computer hardware required to operate the Desktop Home Counselor software are provided.
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