Fayetteville Homebuying HERO Program
How much assistance
Up to $20,000 for Citizen HERO; up to $30,000 for Public Service HERO and City Employee HERO (Forgivable Loan)
Citizen HERO and Public Service HERO: 0% interest loan forgiven over a 10-year affordability period. City Employee HERO: 0% interest loan forgiven over a 5-year affordability period.
Eligibility
- Income limits: Citizen HERO and Public Service HERO: gross income at or below 120% AMI adjusted for family size. City Employee HERO: gross income at or below 140% AMI adjusted for family size.
- First-time buyer required: Yes — Must not have had principal ownership of a property within a three-year period, per HUD definition.
- Geographic restrictions: Home must be within the City of Fayetteville limits.
- Homebuyer education required: Yes
How to Apply for Fayetteville Homebuying HERO Program
Step 1: Complete a HUD-approved homebuyer education workshop through Kingdom CDC (910-606-3388). Get pre-approved for a mortgage with a participating lender. Find a single-family home within Fayetteville city limits. Submit your application to the City of Fayetteville Economic and Community Development department.
Notes
Three tiers: Citizen HERO (any Fayetteville resident), Public Service HERO (employees of Cape Fear Valley Medical Center, Cumberland County Schools, or Cumberland County Government), and City Employee HERO (City of Fayetteville employees). Funds can be used toward closing costs and down payment.