Crystal Jacoby

NMLS # 1975913


Crystal Jacoby Team Zuchegno

Loan Programs

The following is a partial list of programs offered by Mortgage PRO Loan Services LLC with a brief description of the key elements of each. For a complete list of the programs that we offer, please contact us at .

These materials are not from HUD or FHA and were not approved by HUD or a government agency.

Construction Loans

Construction loans are used to finance the construction of a new structure. Whether you’re interested in building a brand new home for you and your family or you’re looking to construct a commercial property we can help craft a terrific lending solution. Each loan is as unique as the property you’re looking to construct.

We look forward to your questions about construction loans. Please call us to find out more.

Home Equity Loans

Home equity loans call for the borrower to acquire a new loan on an already mortgaged property using the equity you’ve built as collateral. Home equity loans are typically reserved for those looking to pay down medical or consumer debt, start a business or pay tuition. Please contact us directly if you’re interested in a home equity loan. Most states restrict the amount of money one can borrow against their home. Interest rates on home equity loans are generally higher than conventional loans.

Conventional Fixed Rate Mortgages (FRM)

Conventional Loans   A popular loan type, conventional fixed rate loans feature a constant interest rate for the life of the life. Generally speaking, monthly payments remain constant. Traditionally borrowers are expected to provide a 20 percent down payment though this is not necessarily required. Contact us for details on down payment requirements. Available terms generally range from 10 years, 15 years, 30 years and 40 years.


What are Conventional Loans?

Conventional Loans are mortgage loans that are not insured by the government (like FHA, VA, USDA Loans), but they typically meet the lending guidelines that have been set by Fannie Mae or Freddie Mac. Typically, conventional loans have better rates, terms and/or lower fees than other types of loans. However, conventional loans typically require a borrower to have good-to-excellent credit, reasonable amounts of monthly debt obligations, a down payment of 5-20% and reliable monthly income. Conventional loans are ideal for borrowers with excellent credit anleast a 5% down payment. 


Conventional Loan Limits

Loan limits


Most Common Types of Conventional Loans

Fixed Rate Mortgages: Your rate and payment never change.

  • 30 Year Fixed Loan                                      
    Benefits: Lowest fixed monthly payments
  • 20 Year Fixed Loan
    Benefits: Low fixed monthly payments
  • 15 Year Fixed Loan
    Benefits: Lower rate than the 30 or 20 Year Fixed Loans; Pay less interest and pay your home off more quickly.
  • 10 Year Fixed Loan
    Benefits: Lower rate; Pay off your loan and build equity faster.
  • 5 Year Fixed Loan
    Benefits: Lowest rate; Pay off your loan and build equity the fastest

Adjustable Rate Mortgages: After the initial period your interest rate can change once a year.

  • 3/1 ARM
    Fixed Rate for 3 Years, Adjustable Rate for the remaining 27 years
  • 5/1 ARM
    Fixed Rate for 5 Years, Adjustable Rate for the remaining 25 years
  • 7/1 ARM
    Fixed Rate for 7 Years, Adjustable Rate for the remaining 23 years

What are the Conventional Down Payment Requirements?

For Purchase transactions Conventional Loans require the home-buyer to put down at least 5% - 20% of the purchase price of the home. For a Refinance transaction, most lenders require at least 10% equity in the property.

What types of property are eligible?

Most conventional loan programs allow you to purchase single-family homes, warrantable condos, planned unit developments, and 1-4 family residences. A conventional loan can also be used to finance a primary residence, second home and investment property

Adjustable Rate Mortgages (ARM)

Adjustable rate mortgages are loans where the interest rate is recalculated on a yearly basis depending on market values. As interest rates are adjusted so is the borrower’s monthly payment. While interest rates on ARM loans are generally lower than fixed rate loans they can eventually become higher. Various types of ARM loans include Hybrid ARMs such as 10/1 year, 7/1 year, 5/1 year and 3/1 year programs. Contact us for more information on adjustable rate mortgage loans.

Jumbo Loans

A jumbo loan, or non-conforming loan, usually means any home loan for amounts higher than $417,000. Jumbo loans feature similar loan programs to fixed rate and adjustable rate programs. There are even FHA jumbo loans. The main difference between jumbo loans and conforming loans is the interest rate. Because jumbo loans are riskier for lenders they usually have higher rates. Learn more about jumbo loans by contacting us today.

Refinance Mortgage Loans

Homeowners looking to decrease their interest rate may consider refinancing. A refinance calls for the homeowner to obtain another mortgage loan. Those funds are then used to pay off the original mortgage loan and the homeowner is then bound by the terms of the new mortgage. Depending on your situation a refinance loan could be a great option. Along with decreasing your interest rate, refinance loans can also help you switch from an ARM to a FRM, and in some cases reduce your loan term.

FHA Mortgage Loans

FHA loans are private loans insured by the federal government. These loans are popular with borrowers who don’t have enough funds to pay a traditional 20 percent down payment because they only require 3.5 percent down to qualify. Those who choose these loans are required to pay mortgage insurance which slightly increases their monthly payments. Lenders who wish to offer these loans must be approved by the Department of Housing and Urban Development. Please contact us today to find out if a FHA loan is right for you.

It's easy to understand why many people looking for a new home are turning to FHA insured loan programs. Because FHA Loans are insured by the Federal Housing Administration homebuyers have an easier time qualifying for a mortgage. Those who typically benefit most by an FHA loan are first-time home buyers and those who have less than perfect credit.

The links to the right are articles aimed at helping you better understand FHA loans. With this information you can make a more informed decision on whether these government insured loans are right for you and your family.

New Changes in FHA Loans

In response to the growing housing situation in the United States the loan limits for FHA Loans has been temporarily raised. Depending on where you live you might find it even easier to qualify for a FHA loan.

New Updated FHA Loan Limits

Reverse Mortgage Loans

Reverse mortgage loans, also known as reverse equity loans, are only available to homeowners 65 or older. Like its name indicates, this program pays the homeowner either a one-time large payout or monthly installment. Once the loan term expires the house either becomes the property of the lender or the house can be sold to repay the debt. Reverse mortgage loans are great options for seniors looking to increase their monthly incomes. Contact us for more details.

VA Mortgage Loans

Like an FHA loan, VA loans are private loans insured by the federal government. VA loans are only available to qualified military veterans and their families. These loans are only available to these individuals for their own primary residences and cannot exceed a $647,200 loan limit (some counties may have increased loan limits, ask your loan officer to verify). For home purchases eligible Veterans, service members, and survivors with full entitlement are no longer required to have a down payment on loan amounts over $144,000. For information on qualifying for these loan programs please give us a call today.

A VA loan is a mortgage loan guaranteed by the U.S. Department of Veteran Affairs (VA) that is available to most US service members. It offers some very great benefits to those that have served our country. 


Benefits of VA Loans

  • You can buy a home with no money down.
  • You can refinance your home up to 100% of the value of your home.
  • You never have to pay PMI (Private Mortgage Insurance).
  • Sellers can pay your closing costs.
  • They are usually easier to get because the Government insures the loan so that there is much less risk to the lender.
  • If you already have a VA Loan you might be eligible for a VA Streamline Refinance.
  • Disabled Veterans may qualify for a waiver of the Funding Fee if they receive any disability payments from the VA or if they are considered to be at least 10% disabled.

VA Loans

Who is eligible for a VA Loan?

As a rule of thumb, almost all active duty or honorably discharged service members are eligible for a VA loan.

You may be eligible for a VA loan if any one of these statements describes you:

  • I served 181 days during peacetime. (Active Duty)
  • I served 90 days during wartime. (Active Duty)
  • I served 6 years in the Reserves or National Guard.
  • I am the spouse of service member who was killed in the line of duty.
  • I currently receive disability payments from the VA.

What is the VA Funding Fee and is it required?

Yes, it is required. It is a fee paid directly to the Department of Veteran's Affairs so that they can guarantee your loan and provide you with the opportunity to receive a loan with little to no money out of pocket.

How much is the VA Funding Fee?

It depends on several factors including: Whether you are Active Duty, Retired, Guard or Reserve and whether you this is a first time use, subsequent use, or a cash-out refinance as well as how much of a down payment you are putting down. The fee can range from as little as 1.25% up to 3.3% of the loan. Generally, the more money you put down the lower the VA funding fee. Please contact us and we will help you to determine how what the exact cost of the VA Funding Fee would be for your particular situation.

Do I have to pay the VA Funding Fee out of pocket?

No, you can include the VA Funding Fee in your loan and pay the funding fee over the course of your loan.

Do I still have to pay other normal closing costs like Appraisal, Title and Escrows?

Yes, however with a VA loan if you are purchasing a new home the seller can pay for all or part of your closing costs.

What is a VA Streamline Refinance?

A VA Streamline Refinance is a refinance option that is available if you already have a VA mortgage and you want to lower your interest rate with little or no out-of-pocket closing costs. You don't have provide bank statements, W2s, job verification or paychecks.

Investor Loans

Investor loans are a type of financing specifically designed for individuals or businesses looking to purchase, refinance, or improve income-producing properties, such as rental units, commercial buildings, or fix-and-flip projects. These loans cater to the unique needs of investors by offering more flexible terms, faster approvals, and potentially higher loan-to-value (LTV) ratios than traditional mortgage loans. Investors can leverage these loans to expand their real estate portfolios, generate passive income, or capitalize on profitable investment opportunities.

The main types of investor loans include hard money loans, buy-and-hold loans, fix-and-flip loans, and commercial real estate loans. Hard money loans are typically short-term loans with higher interest rates, offered by private lenders and secured by the property's value. They are often used for time-sensitive projects or when an investor cannot qualify for a conventional loan. Buy-and-hold loans, on the other hand, cater to investors looking to acquire and hold rental properties for an extended period, providing stable cash flow. Fix-and-flip loans are designed for investors who purchase distressed properties, renovate them, and quickly sell them for a profit. Finally, commercial real estate loans are used to finance the acquisition, development, or improvement of commercial properties, such as office buildings, retail spaces, or industrial complexes.

Investor loans generally have different qualification requirements than traditional mortgages. Lenders may focus more on the property's potential for generating income, its value after renovations, and the borrower's experience in real estate investing rather than the borrower's personal credit score and debt-to-income ratio. As a result, investor loans can be an attractive financing option for those looking to grow their real estate investments and capitalize on market opportunities.

USDA Loans

A USDA Loan is a mortgage loan that is insured by the US Department of Agriculture and available to qualified individuals who are purchasing or refinancing their home loan in an area that is not considered a major metropolitan area by USDA.

Benefits of USDA Loans

  • 100% Financing - you can buy a home with no money down. In some cases you can even finance your closing costs.
  • You can refinance your home up to 100% of the value of your home.
  • Low Fixed Rate Mortgage Options.
  • They are usually easier to get because the Government insures the loan so that there is much less risk to the lender.
  • They can be used for Existing Homes, Foreclosures or New Construction.
  • Simple Loan Process.
  • No Loan Limit. No Acreage Limit.
  • There is No Prepayment Penalty.
  • You can use the loan to repair or add on to your home.
  • Flexible Credit Requirements.

Who is eligible for a USDA Loan?

Generally these loans are available to anyone who meets minimum credit guidelines and local area income requirements and is purchasing a home or refinancing their home in an area that is not considered a major metropolitan area by USDA.

Some common misconceptions of USDA Loans:

  • They are just for farmers - USDA Loans are not "just for farmers," millions of people from all walks of life already qualify.
  • FHA or Conventional Loans are better - USDA Loans often offer better terms than an FHA or conventional loans.
  • They aren't flexible - Actually, USDA Home Loans can be used to buy a new home or refinance to a lower rate.
  • Only certain people can qualify - Anyone who meets the income and credit guidelines can qualify for a USDA Home Loan.
  • They are only for rural areas - Actually, USDA Loans are available in many areas that most people would not consider rural. For example, many small communities just outside of metropolitan areas qualify as rural areas according to the US Department of Agriculture.
  • They are harder to get than FHA or Conventional Loans - This just isn't true.  In many cases USDA Loans are actually easier to get because the loans are guaranteed by the government.
USDA Loans

Great for First-time Home Buyers

100% Financing (including Closing Costs)

No Down Payment Requirements

No Prepayment Penalties

Low Rates

Existing Homes, Foreclosures, New Construction

Check to see if you qualify for a USDA Loan:

Commercial Loans

Commercial loans are a type of financing specifically tailored for businesses and organizations seeking funds to acquire, develop, or improve commercial properties, such as office buildings, retail spaces, warehouses, or multifamily residential complexes. These loans are primarily used for income-generating real estate projects, working capital, equipment purchases, and other business-related expenses. Commercial loans are offered by various lending institutions, including banks, credit unions, and private lenders, and they typically have more stringent underwriting criteria compared to residential loans due to the higher risks associated with commercial properties. There are several types of commercial loans available to borrowers, depending on their specific needs and the nature of the project. Some common types include commercial mortgage loans, bridge loans, construction loans, and SBA loans. Commercial mortgage loans are used to finance the purchase or refinance of commercial properties, with repayment terms typically ranging from 5 to 20 years and interest rates varying based on the borrower's creditworthiness and the property's value. Bridge loans provide short-term financing to help businesses cover expenses or take advantage of opportunities while waiting for more permanent financing solutions. Construction loans fund the development of new commercial properties or the expansion of existing ones, with funds usually released in stages as construction milestones are reached. SBA loans, backed by the U.S. Small Business Administration, are designed to provide affordable financing options for small businesses looking to purchase or improve commercial properties. These loans offer longer repayment terms and lower interest rates compared to traditional commercial loans, making them a more accessible option for small business owners. When applying for a commercial loan, borrowers need to provide detailed information about the property, including its location, intended use, and projected income, as well as the borrower's financial statements, business plans, and credit history. Lenders assess the borrower's creditworthiness, the property's potential for generating income, and the overall viability of the project before approving the loan. It is essential for borrowers to carefully evaluate their financing needs, assess the risks involved, and select the most suitable commercial loan product for their business and investment goals.

Self Employed Loans

Self-employed loans are financial products designed to cater to the unique needs of individuals who work for themselves or own their own businesses. These loans can be used for various purposes, such as financing business expansion, covering operating expenses, investing in equipment, or even funding personal needs like home renovations or debt consolidation. Self-employed individuals often face challenges in obtaining loans due to inconsistent income streams, complex tax structures, and lack of traditional employment documentation. As a result, self-employed loans are tailored to accommodate these borrowers' specific circumstances, offering more flexible eligibility criteria and documentation requirements.


There are several types of self-employed loans available in the market, including business loans, personal loans, and specialized mortgage products. Business loans for self-employed individuals come in various forms, such as lines of credit, term loans, and invoice financing. These loans can provide the necessary capital to support business growth, manage cash flow, or invest in new opportunities. Personal loans for self-employed individuals can be used for various personal expenses, such as home improvements or debt consolidation, and typically have fixed interest rates and repayment terms.


Self-employed borrowers may also seek mortgage products designed to accommodate their unique financial situation. These specialized mortgages, often referred to as non-QM (non-qualified mortgage) loans or bank statement loans, assess the borrower's creditworthiness based on alternative documentation, such as bank statements, profit and loss statements, and tax returns. These loans can be beneficial for self-employed individuals who may not qualify for traditional mortgage loans due to their unconventional income sources.


When applying for a self-employed loan, lenders typically require a solid credit history, proof of income, and a strong business plan or project proposal. It's essential for self-employed borrowers to maintain accurate financial records and demonstrate their ability to repay the loan. Additionally, self-employed individuals should carefully evaluate their financing needs and select the most suitable loan product that meets their personal and professional goals. While self-employed loans offer a more accessible financing solution, they may come with higher interest rates or more stringent repayment terms compared to traditional loans, so borrowers must be prepared to meet these obligations.