City and county housing officials are partnering with local real-estate agents, financial institutions and the Center for HomeOwnership to help families or individuals buy foreclosed houses for less than their appraised value.
Through the Neighborhood Stabilization Program, eligible buyers can receive a deferred forgivable loan of up to $20,000 for a down payment on a foreclosed home if the mortgage holder will sell the home for less than its appraised value. Additional assistance may be available for renovations.
A special NSP Hotline, 722-0954, has been set up for those who do not have Web access or to call for more information.
NSP Program REALTOR® and Lender Training [pdf] Training classes for real estate agents and lenders offered January, February [pdf]
Qualify and Apply
How to find areas and read the map
Pre-qualification form
NSP Program Information
Frequently Asked Questions
Participating Lenders and Real Estate Agents
Working with Real Estate Agents brochure [pdf]
Home Inspections brochure [pdf]
Offer and Acceptance brochure [pdf]
Center for Homeownership
American Dream Network
City of Winston-Salem
Forsyth County
U.S. HUD
N.C. Dept. of Commerce