NC Foreclosure Prevention Fund


Free Help to Avoid Foreclosure


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Determine if You Qualify


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Hardest Hit Fund

The N.C. Foreclosure Prevention Fund, which ends July 31, 2019, is North Carolina’s Hardest Hit Fund, providing monetary assistance to homeowners who have experienced hardship in making mortgage payments because of job loss or other financial distress.

Zero Interest Loans

The Mortgage Protection Program provides zero-interest loans to qualifying NC homeowners while they are looking for another job or participating in an approved retraining program. The amount and length of the assistance varies based upon homeowners’ circumstances, with a maximum loan amount of $36,000 or 18 months of assistance, whichever is less.

Eligibility Requirements

To be eligible to participate in the Home Protection Program, homeowners must meet the following criteria. They must:

  • have lost their job due to changing economic conditions within the last two years
  • have a mortgage that is secured by real property
  • have had a stable employment and credit history prior to losing their job
  • be a legal resident of the U.S. who owns property in North Carolina that is the principal residence.

Apply for Assistance

Homeowners apply for assistance through agencies such as Alliance, which offer housing counseling and determine whether applicants are eligible for assistance from the loan fund. Once eligibility is confirmed, the N.C. Housing Finance Agency will place a temporary stay of foreclosure on the property for up to 120 days.

Repayment Deferral & Possible Forgiveness

Repayment of the loan is deferred for 10 years, unless the home is sold, refinanced or is no longer the principal residence of the owner.

To obtain more information about the program, call our Homeownership Department at (866) 903-2640.

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NCHFA-LOGO-SEALAbout the Fund:

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®.




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