Residential Real Estate

Homebuying HERO Program makes homebuying attainable

By Staff Report, posted 3 weeks ago
Image courtesy of the City of Fayetteville

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 though the city’s Economic and Community Development Department’s Homebuying Education and Readiness Opportunity Program (HERO).

The Homebuying HERO Program seeks 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 a 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 city of Fayetteville residents.
  • A Public Service HERO is considered an employee of Cape Fear Valley Medical Center, Cumberland County Schools, or Cumberland County Government.
  • A City Employee HERO is considered 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, visit the website.

Editor’s note: The GFBJ spoke with organizers with the City of Fayetteville Economic Development Department to find out more about the Homebuying Hero program. That featured article will be included in our upcoming July 12 issue. 

Ico insights



In The Current Issue

Fantasy comes to life: Fayetteville-based travel agency Flights & Fables brings dream vacations to life with curated fantasy destinations and tours

Between the stunning peaks of New Zealand and as far as the castles of Europe, Flights & Fables puts a literal spin on the phrase ‘dream vacation.’ This unique full-service travel agency fuses passion and expertise to provide clients with a vacat

Bringing it all together: Lumbee Guaranty Bank is working to combine two Fayetteville locations into one to better serve customers

Lumbee Guaranty Bank’s new Fayetteville branch will be located at 2939 Village Drive. This new location will be better equipped to cater to customers with its ample parking and a drive up ATM. Photo provided by Lumbee Guaranty Bank. Lumbee Guara

Leading military business: NCMBC Executive Director Scott Dorney reflects on time with the institution, his career and the future of military business

 Scott Dorney became the executive director of the NCBMC in December 2004. Since then he has worked hard to create a robust connection between North Carolina businesses and the federal and defense contractors. Photo provided by NCMBC.Scott Dorne