Fayetteville Today

A special incentive of $30,000 is now available for first-time homebuyers who are employees of the City of Fayetteville, Cape Fear Valley Medical Center, Cumberland County Schools, and Cumberland County Government through the city’s Economic and Community Development Department’s Homebuying Education and Readiness Opportunity Program (HERO).

The Homebuying HERO Program aims to enable long-term, successful homeownership by providing citywide homebuyer education and counseling services that produce certified homebuyers who qualify for fixed-rate, responsible lending mortgage loans.

First-time homebuyers hoping to purchase their first home within the city limits of Fayetteville now have up to three options in gap financing available from the city of Fayetteville towards the purchase of a new home.

The Homebuying HERO Program has three tiers: Citizen HERO, Public Service HERO, and City Employee HERO.

A Citizen HERO is considered a current or future resident of Fayetteville. A Public Service HERO is an employee of Cape Fear Valley Medical Center, Cumberland County Schools, or Cumberland County Government. A City Employee HERO is a city of Fayetteville employee.

Single-family homes and modular homes are eligible for the program; however, manufactured homes are not. For both Citizen HERO and Public Service HERO participants, assistance will be provided in the form of a zero percent fixed-interest loan that is forgivable within a 10-year period. Funds can be used towards closing costs, including down payment assistance.

To learn more about the Homebuying HERO Program, please visit the website.