Mortgage loan program helps displaced workers and veterans while they seek new jobs
Beginning in February, OnTrack Financial Education & Counseling will offer local information sessions to help people determine if they are eligible for mortgage payment assistance from the NC Foreclosure Prevention Loan Program.
The N.C. Foreclosure Prevention Fund makes mortgage payments for qualified unemployed workers, including returning veterans, while they look for jobs or complete job training. The program is offered statewide by the N.C. Housing Finance Agency (NCHFA) and funded by the U.S. Department of the Treasury. OnTrack Financial Education & Counseling (OnTrack WNC) is NCHFA’S program partner responsible for helping consumers in western NC.
Statewide this foreclosure prevention effort has helped 15,000 North Carolinians who lost jobs. OnTrack WNC has helped over 600 families in western NC obtain almost $13 million dollars worth of assistance.
“Statewide funding is still available to help another 6,000 homeowners,” said Tom Luzon, Director of the Foreclosure Loan Program for OnTrack WNC, “and we want to ensure that even more Western N.C. families get the help they need.”
To increase awareness and reach more people who might be eligible for assistance, OnTrack WNC has partnered with the ESC/Joblink Centers in Flat Rock, Marshall, Burnsville, and Franklin to provide Mortgage Payment Program Orientation Workshops. The orientation session which will review program eligibility, terms of the assistance, and documentation required to make an application.
Pre-registration for the FREE orientation workshop is the first step in getting the mortgage payment assistance. Call OnTrack WNC 1-800-737-5485 to reserve a place.