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Edward Stojancevich
RMLO NMLS 368666
c: (219) 973-6644
o: (219) 794-0600 ext 253
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8585 Broadway, Suite 600
Merrillville, IN 46410
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Down Payment Assistance

Home Mortgage Loan Special Programs

There are several programs available for homes located anywhere in Florida that provide funds for down payment and/or closing costs. This assistance comes in the form of grants which do not have to be repaid and/or second liens which must be paid in full when the home is sold or refinanced. The interest rates are fixed for 30 years. These programs have restrictions based on your family income, family size and the County you are purchasing in. Not all of the programs require that you be a first time homebuyer.

HEROES/EDUCATORS

Home Loan Programs provide a fixed interest rate on a 30-year FHA loan to eligible homebuyers. In addition to a fixed interest rate, these programs offer down payment and closing cost assistance, up to 5% of the mortgage loan amount, in the form of a grant.

To be eligible for this program, a homebuyer must be of a specific group:

  • Homes for Texas Heroes: A full-time paid fire fighter, peace officer, corrections officer, juvenile corrections officer, county jailer, EMS personnel, or public security officer
  • Professional Educator: A full-time Texas classroom teacher, teacher’s aide, school librarian, school nurse, school counselor, or an allied health or nursing faculty member

CURRENT, PREVIOUS, OR FIRST TIME HOMEBUYER(S)

There are home loan programs available that offer competitive fixed interest rates on 30-year FHA loans to eligible homebuyers. In addition to a fixed interest rate, these programs offer down payment and closing cost assistance in amounts ranging from 4% to 5% of the mortgage loan in the form of either a second lien or a grant. Eligible borrower(s) must meet the programs income limits and guidelines.

MORTGAGE CREDIT CERTIFICATE (MCC)

With an MCC, the qualified homebuyer is eligible to take a portion of the annual interest paid on the mortgage as a special tax credit, up to $2,000, each year that they occupy the home as their principal residence. An MCC has the potential of saving the homebuyer thousands of dollars over the life of the loan.

The program is open to those individuals and families who:

  • Meet income and home purchase requirements
  • Have not owned a home as a primary residence in the past three years
  • Meet the qualifying requirements of the mortgage loan
  • Will use the home as their principal/primary residence

The MCC is a non-refundable tax credit, therefore, the Homebuyer MUST have a tax liability in order to take advantage of the tax credit.

For more information on special programs, please contact your A&M Mortgage Loan Expert.

* Loan programs are subject to credit and property approval. Other guidelines may apply.

Residential Mortgage Loan Originators

My A&M Mortgage Group team is built upon a reputation for excellence in client service, extensive industry experience and a dedicated commitment to our clients. I have witnessed many changes in lending programs which has prepared me to answer all of your questions and concerns when buying a home. Purchasing a home is one of the biggest investments that a person will make in their lifetime and you should be well informed and make sure you are getting the best mortgage program for you and your family.


Loan Center

Checklist

What you will need to ensure a smooth home mortgage process.

Loan Options

There are several loan options available when purchasing a home.

Down Payment Assistance

Find out more about special programs and who qualifies.

Calculator

Wondering how much you can finance?

Testimonials

What more could we ask for? Ed was wonderful to work with. We received a super low rate, low closing costs and closed in less than 30 days. We are so very happy with the service and the whole process, oh and of course our new home! Ed knows lending like the back of his hand! If you are looking to buy a home or refinance or anything, you need to call this man!

Laura S. (Buyer)

Ed was very knowledgeable, and when it came to closing on home he made it happen sooner than expected. Worked with me all the way especially when it came to telling me what I needed to do to get myself where I needed to be in order to purchase my home. Ed is someone that's takes pride in his work and helping others would defiantly work with him in the future

Michael C. (Buyer)

We recently worked with Ed to buy our new house in Valparaiso. He was extremely organized and helpful in the home buying process. He helped make it easy & would recommend him to anyone needing mortgage services!!

Jake and Debra L. (Buyers)

As a first time homebuyer, my wife and I found it extremely difficult to get any local bank interested in returning our calls as we tried to navigate the mortgage process. I made the decision to contact Ed after seeing he had great referrals on Trulia. I can't over emphasize what a good decision we made. After contacting Ed, I had a response in less than 24 hours and we immediately scheduled a meeting. Ed did an amazing job of helping us understand the process and then getting us prequalified in short order. Ed called me and stayed in contact with me throughout our search for a home which we found to be quite comforting. He answered phone calls and returned emails as I had questions no matter the time of day or night and weekends were not excluded. Once we signed a contract, he made every aspect of closing on our home a pleasant experience. I remain completely in awe of the level of professionalism and integrity that Ed displays on a daily basis. As long as we live in Northwest Indiana, I wouldn't consider doing business with anyone other than Ed.

Andrew N. (Buyer)

Ed was a pleasure to work with on the closing of a transaction we had this year. He was very clear, knowledgeable, and knew how to get the loan done. He worked well to communicate with me / seller to ensure all would go very smoothly with our closing. I would recommend Ed anytime for your lending needs.

Jason M. - Realtor at Realty Executives

Ed is outstanding from the first step of the lending process until the last. He treats his clients like family and because of this he makes lifelong friends. I am highly impressed with his professionalism and positive outlook.

Todd J. – Realtor at Bart Vickrey Real Estate

Ed is a good lender who is always up to date with the most current information. He's great to work with. I will definitely be using him in the future. Thank you Ed for getting things done that others can't.

Brent W. – Realtor at McColly Real Estate

Ed goes above and beyond for all his clients. He is extremely professional and will do whatever it takes to get the deal done. Even on the smallest deals he treats all clients equal and will do his personal best to make sure the deal gets to the closing table, even when others give up he will find a way to make sure it happens. I would recommend Ed to all buyers and to all other Real Estate agents out there.

Sue K. – Realtor at McColly Real Estate

Edward provided the best possible service for my listing. I would recommend anyone to use him and his services. Thank you for all your hard work and making the process so easy.

Amelia L. - Realtor at Home Connection Realty

Ed has stayed with us since day one to get us into our house. It was a process and he never gave up or got frustrated with us. We are all settled into our new home and I couldn't be more grateful for all of his help. He is the best and I highly recommend him. I am so glad to be able to have my own home and Ed and our realtor Melissa were the best team!!

The Belinsky Family (Buyers)

Ed is the man, not only did he get my loan processed and closed in 15 days but he was also easily accessible and had extensive knowledge of the home buying process. I would highly recommend enlisting Ed for any purchase, refinance or other home related inquries.

Kris W. (Buyer and Realtor at Bart Vickrey Real Estate)

Working with Ed was a great experience! He always made himself available and answered all of our questions, big or small. Getting a mortgage can be very overwhelming, but we felt in the loop through the entire process, and our situation was pretty unusual! We would definitely work with Ed in the future and recommend him to our friends and family.

Cynthia L. (Buyer)

Ed helped us over a year and a half with guidance in our credit background and was always available to answer any questions we had, as being first time home buyers. Once we qualified, he was quick and always ahead! Thanks again Ed! Your amazing! Referring you always!

The Ratigan Family (Buyers)

We had just recently purchased a home with the help of Ed Stojancevich and A&M Mortgage. He was there every step of the way in order to make this experience easy for us. He made himself readily available if we had questions or concerns involving the house buying process. I definitely recommend working with Ed!

Jaime P. (Buyer)

Eddie was there to help us when we needed to find a house. He was always there to answer questions and helped us out a lot! I recommend his services to everyone.

The Burke Family (Buyers)

Our experience with purchasing was so easy with the help of Ed along the way. He was professional, fast, efficient, readily available and great with communication. We closed on our home way before our expected closing date and Ed closed our loan in less than 30 days! I would recommend him to anyone I know.

Brian L. and Jeanine S. (Buyers)

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