The NC Foreclosure Prevention Fund is offered by the North Carolina Housing Finance Agency, a self-supporting public agency, using funds provided by the US Treasury.

Mortgage Payment Help for Military Veterans

military veterans nc mortgage payments help

Funds for this program are limited. The last day for application submission to the North Carolina Housing Finance Agency (the Agency) is July 31, 2019, by 5 pm, so act quickly.


Gathering all documentation necessary to submit an application to the Agency can take up to 60 days. Please note, starting an application is not the same as a submitted application to the Agency. There will be no exceptions for applications not submitted to the Agency by 5 pm on July 31, 2019.


In addition, some housing counseling agencies may stop taking applications due to capacity. If you contact a counseling agency that is no longer working with the program, please contact our call center at 1-888-623-8631 to be redirected to another agency or obtain instructions on how you can apply directly online.

Transitioning from military to civilian life can be daunting, particularly if you are struggling financially while you are trying to begin a new career or learn the skills for a new job. If you are a returning military veteran and are having trouble making your home mortgage payments, the NC Foreclosure Prevention Fund may be able to help you while you look for work or complete job training.

The program offers zero-interest, deferred loans up to $36,000 to cover your home mortgage and related expenses for up to 18 months while you search for or train for a new job. If you are enrolled in vocational rehab or are using another eligible VA program or benefit, such as the GI Bill, you will receive assistance for 18 months unless you find a job sooner.


You don’t need to be behind on your mortgage payments to seek help. To be eligible, you must provide

  • a Certificate of Release of Discharge from Active Duty (DD214) with a separation date on or after January 1, 2008.
  • a VA-issued, non-expired certificate of eligibility.
  • proof of enrollment in an eligible VA-sponsored program or benefit.

When your application is received and your eligibility is confirmed, the NC Housing Finance Agency may place a temporary stay-of-foreclosure for up to 120 days so that the company that owns your mortgage cannot foreclose on your home or take other legal action while your loan application is under review. If you qualify for the loan, the NC Housing Finance Agency will make your mortgage payment directly to your loan provider or bank. At the end of the assistance period, you will resume making your mortgage payment.


If you remain in your home for 10 years, the loan will be forgiven, and you do not have to pay it back. After you have lived in your home for five years, the loan is reduced by 20 percent a year for years six through 10 until you owe nothing. You repay the total amount only if you sell or refinance the home in the first five years, and only if the sale proceeds are sufficient to repay it. Please note that if you refinance your property for better loan terms, we will subordinate our second mortgage; however, if you refinance to consolidate debt or take out cash, the second mortgage loan must be repaid.