Bank of America has programs to help home loan borrowers who are unable to repay their monthly installments on time due to unexpected financial crunch or loss of job. Home Affordable program is a government program for helping individuals who are facing financial crises. Federal Government Home Loan Modification program, is in no way to close your loan, but a help to reduce the total amount paid as mortgage every month. The Bank of America Home Modification program eligibility criteria is stated as the home loan borrower facing any financial crises, divorce or death of a partner, which makes the other unable to meet the financial deadline of collecting the total amount of repayment of home loan every month. The trial three month period is worked out by the banks representatives and as this period, a trial is given if the home loan borrower is able to pay the monthly reduced EMIs. If this works out the home loan borrower, the Bank agreement will be signed and accepted as a ho...