About Michael Schlegel

As a licensed Homebridge Mortgage Loan Originator in New Jersey (NMLS #251589), Michael Schlegel can assist you with your home loan needs, including:

  • First-Time Purchase
  • Second-Home Purchase
  • Refinance
  • FHA and VA
  • Conventional
  • 203(k) Renovation
  • Jumbo

Michael welcomes the opportunity to serve your needs with quick and accurate real estate financing advice. Michael has the expertise and knowledge, and will make sure you understand the features associated with the loan program you choose and that it meets your unique financial situation.

Contact Michael Schlegel Anytime

Feel free to contact Michael anytime by phone or email for personalized service and expert advice. Michael Schlegel will extend the same professional service to your friends, family members, work colleagues or neighbors who need help.

Michael Schlegel is 203(k) Renovation Lending Certified

Michael is certified in 203(k) Renovation Lending, a program particularly well suited for buyers of fixer-uppers and REOs in need of repair. Homebuyers can finance both the purchase and future repairs on their new home with one loan.

The Renovation Loan offers some great features. The amount of money you are permitted to borrow for the purchase and renovations is based on the increased value of your home after improvements are made1. Also, because renovation costs are spread throughout the entire term of the loan, monthly payments are often lower than other financing options. With the loan, there is also no need to delay improvements. You can start in immediately after closing. Another great feature is the loan's simplicity - one application, one set of fees and closing costs, one closing to attend and one payment each month. The interest on the cost of your improvements, included in your mortgage, may be tax deductible2 as well.

Michael Schlegel values your business and will provide you with the best professional service and mortgage solutions that make most sense for you and your unique financial situation and real estate goals.

Please contact Michael by phone, email or filling out the pre-approval form on the right to get more information about our Renovation Loan, or any other mortgage financing solution. I look forward to working with you!

1For 203k purchase transactions the maximum loan amount is the lesser of the sales price + renovation costs or 110% of the as-completed value, times the maximum loan-to-value. For refinance transactions the maximum loan amount is the lesser of the property value before renovation + renovation costs or 110% of the as-completed value, times the maximum loan-to-value. Loan amount must be within FHA county loan limits.

For HomeStyle® purchase transactions the maximum loan amount is based on the lesser of the sales price + renovation costs or 100% of the as-completed value, times the maximum loan-to-value allowable. For refinance transactions the maximum loan amount is based on the lesser of 1) 100% of the as-completed value times the maximum loan-to-value or 2) the balance on the existing loan plus the renovation cost plus the settlement costs. The maximum repair amount is limited to 50% of the as-completed value. HomeStyle® is a registered trademark of Fannie Mae.

2Please consult a tax advisor for further information regarding the deductibility of interest and charges.
For your home improvement needs, visit Service Finance Company, LLC to find a trusted local contractor.

Homebridge may receive compensation for referring you to Service Finance Company, LLC.

What Our Customers Say About Me

Naromie J. December 2018
“Michael was very helpful and he walked me through the process and was available every step of the way.”
Sandra A. November 2018
“All members involved kept us updated through every step and ensured a speedy process.”
Arianna S. Aug-18
“Excellent service.”
Arianna S. August 2018
“Excellent service.”
Arianna S. August 2018
“Excellent service.”
Jerry V. January 2018
“Michael was always available. He answered all our questions and demonstrated compassion and patience! Thank you!”
Christopher C. November 2017
“Working with Michael is always a pleasure. Great customer service!”
Tawauna H. November 2017
“Very responsive and available.”
Inderjit K. October 2017
“Easy paperwork.”
Justin O. October 2017
“Very good communication.”
Lauren D. Milltown, NJ
“Michael Schlegel was very professional during this process and was available 24/7 for any questions we had. I would highly recommend him to anyone!”
Huiling C. New Brunswick, NJ
“Your Loan Officer Michael is very professional, very nice. Thank you for your help!”
Salvatore G. Jamesburg, NJ
“On top of the process. Only asked for information once. Flawless process overall, we were extremely pleased!”
Lanette L. Linden, NJ
“My Loan Officer Mike was always available whenever I called him. He was very knowledgeable and held my hand through the whole process. This makes a first time home buyer feel comfortable. I will definitely recommend him to family and friends.”
Marino R. Irvington, NJ
“Mr. Michael Schlegel was very attentive and willing to guide throughout the process. His expertise combined with his flexibility and patience made the experience seamless!”
Linda P. Somerset, NJ
“Mike has been great!! Michael Schlegel that is, always available to answer questions (and I had plenty) night, day, weekend. A phone call or email away and even if I was asking him something that was not in his area he would get back to me and tell me how to proceed. He was extremely meticulous as well as knowledgeable, but could explain things so I was able to understand them. I feel like he became a friend and I will miss him (though I only met him face to face once!). He even called today to see how the closing went! A terrific guy! You are lucky to have him working for your company!”
Pedro M. Piscataway, NJ
“Mike helped me in every way, from the beginning to the end. He made the process easier.Thanks Mike.”
Felicia T. Plainfield, NJ
“Michael was very approachable and extremely knowledgable about the mortgage/real estate business. His great personality was an added bonus.”
Alexander D. Linden, NJ
“Michael Schlegel made the entire tedious process a walk in the park. This is the second time we have had the pleasure to work with Michael and we are definitely calling on him the next time around.”
Evonne R. South Amboy, NJ
“Michael Schlegel made the loan process so pleasant. I would highly recommend him to anyone looking into purchasing a home!”
Nadia J. North Plainfield, NJ
“Michael Schlegel was awesome. I have nothing but praise for him as I called him as much as my realtor and more than my lawyer. I could call him at anytime and get back a response within minutes. He made my experience so much easier. I can'”
Eduardo R. Edison, NJ
“Michael Schlegel was excellent. He guided me through the whole loan process and was available at any time to answer my questions. I was a first-time home buyer and Mike explained all my options and the documentation I needed. I would recommend him to any person buying a home.”
Diane C. Pemberton Township, NJ
“Kept in constant contact and well informed.”
Tom R. Piscataway, NJ
“As always Mike went above and beyond to make this purchase happen. He is very tenacious.”

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