Many North Carolina homeowners struggle to make their mortgage payments due to job loss or reduction of income through no fault of their own or because of an unforeseen temporary financial hardship, such as a divorce, serious illness or death of a co-signor. For North Carolina residents searching for help, the NC Foreclosure Prevention Fund™ exists to help avoid foreclosure.

  • The MPP (Mortgage Payment Program) offers qualified homeowners zero-interest loans of up to $36,000 to pay mortgage and other related expenses for up to 18 months. The loan can also be used to bring mortgage payments current.
  • The Principal Reduction Recast/Lien Extinguishment Program offers qualified homeowners who are re-employed or now have a fixed income after an eligible hardship but are earning less and can no longer afford your mortgage payment by reducing your principal balance to make your monthly payment more affordable.

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

 To schedule a counseling appointment or register for an information session, phone 336- 896-1191 or toll free 888-474-8015. To register on-line for the information session click here.

Other helpful online resources:

Frequently Asked QuestionsView the Foreclosure Prevention FAQs
Phone336-896-1191 or toll free 888-474-8015