The N.C. Foreclosure Prevention Fund is offered by the North Carolina Housing Finance Agency, a self-supporting state agency, using funds provided by the U.S. Treasury.

What We Offer


The N.C. Foreclosure Prevention Fund offers help to North Carolina homeowners who are struggling to make their mortgage payments due to job loss, reduction in income, or other temporary financial hardship, such as the death of a loved one, divorce, or serious illness. The N.C. Foreclosure Prevention Fund is offered by the N.C. Housing Finance Agency, a self-supporting state agency, and funded through the U.S. Department of the Treasury's Hardest Hit Fund®. Services are provided by participating HUD-approved counseling agencies statewide.

You may be eligible for help through one of the following programs designed to help homeowners prevent foreclosure.

The Mortgage Payment Program provides zero-interest loans of up to $36,000 for a maximum of 36 months.

The Second Mortgage Refinance Program helps employed homeowners who cannot afford payments on their second mortgage.

 

The Principal Reduction Recast/Lien Extinguishment Program provides forgivable, no-interest, deferred loans to reduce the principal and recast the loan to make payments more affordable for homeowners who have become re-employed or secured a fixed income after an eligible hardship but are earning less and unable to afford their mortgage payment.

Eligible homeowners apply for these programs through our participating housing counseling agencies located across the state. Even if you do not qualify for help through the N.C. Foreclosure Prevention Fund, a counselor may be able to direct you to other sources of help.

 

The State Home Foreclosure Prevention Project helps North Carolina homeowners who are facing foreclosure for any reason. It offers free housing counseling, access to legal services for people with lower incomes, and help with your mortgage servicer. There are no credit restrictions for this help. If you have received a 45-day pre-foreclosure notice from your servicer and/or a foreclosure help letter from the N.C. Housing Finance Agency, call 1-888-442-8188.