The NC Foreclosure Prevention Loan Program helps homeowners who have been laid off, or have another qualifying financial hardship, by making mortgage payments while they search for a job or retrain for a new, more viable career. The assistance is an interest-free loan through the North Carolina Housing Finance Agency (NCHFA) for up to 36 months and $36,000. The loan has no payment requirements and is forgivable beginning in the sixth year after the assistance.
OnTrack WNC’s Tom Luzon and Chris Berthiaume work with homeowners in 18 counties in Western NC offering intake workshops and loan counseling to help people determine their eligibility and submit applications for assistance.
Jill & Sonny Collier, 2012 Clients of the Year
“I have worked hard my whole life (since I was10 years old), served my country
with two tours of duty in Vietnam, paid my bills on time, raised a family
and never broke the law. All I requested was some help in my time of need."
Homeowners like Jill and Sonny Collier have benefited from the Mortgage Payment Program (MPP). Months of unemployment left Sonny and his wife feeling helpless, until they learned that they were eligible for mortgage payment assistance which allowed them to stabilize their housing while Sonny pursued a new career. Sonny will earn his Associate Degree in Computer Integrated Machining from Blue Ridge Community College in December 2013 and will have the skills he needs to re-enter the automotive industry!
Stories like these are commonplace as the economy recovers. OnTrack WNC is an integral piece of the recovery puzzle helping many Western North Carolinians overcome crisis and find stability through the N.C. Foreclosure Prevention Loan program.
Tom Luzon, Director of the program at OnTrack WNC says, "It's been exciting to be part of this program, giving hope to people who have been laid off after years in a job. Mortgage payment assistance gives them the time to explore new careers through education and training."
For more information, click here or call 255-5166 to register for a workshop that will review Mortgage Payment Program eligibility and the application process.
There are spaces still available in our upcoming MPP Workshops:
Asheville (OnTrack WNC Education Room):
Monday, November 5, 5:30pm - 7:30pm
Wednesday, November 7, 5:30pm - 7:30pm
Wednesday, November 28, 5:30pm - 7:30pm
Burnsville (Higgins United Methodist Church):
Thursday November 28 5:30pm - 7:30pm
Franklin (various locations):
Saturday, November 3, 10:30am - 12:30pm
Tuesday, November 13, 5:30pm -7:30pm
Murphy (Office of Economic Development):
Monday, November 5, 11:00am - 1:00pm
Classes fill quickly! Register today!