NC Foreclosure Prevention Fund

NC Foreclosure Prevention Fund, which ends July 31, 2019, provides zero-interest loans. Alliance has helped over 2,000 area homeowners with this program, providing nearly $30 million in mortgage payment assistance to the Charlotte area.

Prevention Fund Benefits

• Interest free loan.
• Pay all or much of the past due amount.
• Make monthly mortgage payments.
• Catch up on past due amounts.
• Possible forgiveness of the loan.
• Pay off an existing second mortgage.
• Pay up to $30,000 of a second mortgage.
• 2nd mortgage loan repayment delayed 30 years.

*The amount and length of the assistance varies. The maximum is $36,000, or 36 months.

Eligibility Requirements

• Be a legal resident of the U.S.
• The property must be the principal residence.
• Have lost their job due to economic conditions.
• Have a mortgage that is secured by real property.
• Have had a stable employment and credit history prior to losing job.
• Have been or are eligible for unemployment compensation benefits. There are some exceptions.

Apply for the NC Foreclosure Prevention Fund

There is a brief telephone interview to determine eligibility. If eligible, there is a more comprehensive interview. Call today to speak to a counselor at 800-303-3797. Or, use the form at right to send a message.

About the Fund:

The NC Foreclosure Prevention Fund ™ is offered by the NC Housing Finance Agency. It is funded by the US Department of the Treasury’s Hardest Hit Fund ®. Additional information is available at NC Foreclosure Prevention.