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About: I have been in the mortgage industry about 15 years now. I am married with two daughters and my wife is a second grade teacher. After 15 years, there isn't much that i haven't seen when it comes to mortgage. My mortgage career has taken me from Victoria, to Austin, to San Antonio and I now call Montgomery, Texas home. I do loans all over the great State of Texas from Brownsville to Abilene and anywhere between. Besides originating mortgages, I am also a registered financial advisor and hold my Series 7, Series 66, along with Insurance license in the fields of Life and Health and Property and Casualty. I am strong believer in personal growth and education and by having these licenses, I am able to share share this knowledge with my clients and give them the service they deserve. Just as a doctor or any other professional pursues education, I believe we as originators should also for our clients. My personal time is spent with a few different service organizations. I am a Lion and belong to Conroe Noon Lions Club there in Conroe. I also serve on our home owners association and have been the President a number of years. I am heavily involved with softball for my young girls as well as umpire in a number of the leagues in the Montgomery area. I would like to also say "Thank You" to our teachers, policemen, firemen and those that serve. We all know the pay is not great, but that isn't what it is about. To the men and women who defend our country, there is no way I can ever show enough gratitude to you. If you would like to discuss in more detail or ask any questions, you can reach me on my cell at 281-844-3690 or email me at mike.kelly@corelending.com. You can also reach me toll free at 800-680-2805. I look forward to working with you as a client and I hope blessings fall on you and your family in great abundance.
Specialities: Mortgage
Mortgage Lender In Magnolia, TX
About: I have been in the mortgage industry about 15 years now. I am married with two daughters and my wife is a second grade teacher. After 15 years, there isn't much that i haven't seen when it comes to mortgage. My mortgage career has taken me from Victoria, to Austin, to San Antonio and I now call Montgomery, Texas home. I do loans all over the great State of Texas from Brownsville to Abilene and anywhere between. Besides originating mortgages, I am also a registered financial advisor and hold my Series 7, Series 66, along with Insurance license in the fields of Life and Health and Property and Casualty. I am strong believer in personal growth and education and by having these licenses, I am able to share share this knowledge with my clients and give them the service they deserve. Just as a doctor or any other professional pursues education, I believe we as originators should also for our clients. My personal time is spent with a few different service organizations. I am a Lion and belong to Conroe Noon Lions Club there in Conroe. I also serve on our home owners association and have been the President a number of years. I am heavily involved with softball for my young girls as well as umpire in a number of the leagues in the Montgomery area. I would like to also say "Thank You" to our teachers, policemen, firemen and those that serve. We all know the pay is not great, but that isn't what it is about. To the men and women who defend our country, there is no way I can ever show enough gratitude to you. If you would like to discuss in more detail or ask any questions, you can reach me on my cell at 281-844-3690 or email me at mike.kelly@corelending.com. You can also reach me toll free at 800-680-2805. I look forward to working with you as a client and I hope blessings fall on you and your family in great abundance.
Specialities: Mortgage
Mike Kelly's Answers
Viewing Answers 1 - 9 of 60 Answered Apr 5, 2012
In answer to: I have a credit score of 695. Is the a good score for a first time home buyer? And might I qualify for a special loan or assistance? Allison, that is a great score for a first time home buyer. By clicking on my name, it will take you to my profile which has a bunch of different programs that we offer. They can be hard to comprehend because this website messes up the formatting, but you should be able to discern it. If not, just ocntact me and we can go over. Have an awesome day and God Bless.
Answered Apr 5, 2012
In answer to: Interested in home for son,moving from Oregon...mFamily of 4
prefer CY-Fair ISD Don't be afraid to have him try and get approved for a mortgage. Rates are still awesome right now and there are many different types of programs out there.
Answered Apr 2, 2012
In answer to: Can you please send me the Available lots in Mustang Creek and Mustang Pointe? Kenny, if you need any help on the financing, let me know. Good luck and have an awesome day.
Answered Mar 28, 2012
In answer to: I would like to sell my current home and buy another one more spacious.what do i need to do? Esther, one of the first things you need to do is get pre-approved for the mortgage if you don't plan on paying cash. You most likely won't have an issues since you already own a home. Checking your credit up front will let you know if you have any issues that need to be addressed you may not be aware of. If you do plan on paying cash, you may want to talk to a financial advisor and come up with a plan to leverage your situation. I do both if you are looking for that kind of help. One of the next things I would do, if you haven't done so already, is put together your wish list. This will give you and the realtor a good idea of what you are looking for. No matter what you do, make sure to get a great realtor and a great mortgage specialist. Good luck on your endeavors, let me know if I can help in any way, and God Bless.
Answered Mar 27, 2012
In answer to: I would like an address for this home If you scroll to the bottom of the page, it will have the realtor's information. If I can be of any help on the financing, please don't hesitate to call or shoot an email. Good Luck.
Answered Mar 26, 2012
In answer to: How do I list a property for lease? Go to the Q&A all the way down to contact corporate directly and they should be able to help you. I would also talk to a realtor and they may list it for you which if you do that, they take care of vetting the renter and finding you someone good because they will know what to look for. I would actually utilize the second option because they are going to promote your property other places in addition to this site.
Answered Mar 22, 2012
In answer to: who do you contact if you find a house you want to rent You can also scroll to the bottom of listing and the realtor's agent info should be listed there also.
Answered Mar 22, 2012
In answer to: Hi all!
I have been reading a lot about rent to own deals. Are they legit?
Thank you! I have seen them before but as you can see from the answers of my colleagues, rent to own is not the best route to go. Most often rent to own is done to individuals with poor or no credit. You have to keep great records and sooner or later, you are going to be looking to refinance and as a mortgage lender we are going to ask fro every document avaialble to satisfy investors and the federal government that it is a legitimate transaction. I would stongly suggest looking into getting a loan and doing the work needed to qualify on your own so that house is yours, you get the tax advantages, and all the other glories that come with owning your own home. If I can be of any help, please feel free to give me a call.
Answered Mar 20, 2012
In answer to: I'm interested in this property, what steps do I need to take next? One of the first steps that needs to be done is talk to a qualified mortgage banker. That is where someone like myself comee in. We can go over all the programs available to you such as potential bond money that will help you with your down payment. FHA requires 3.5% down so that is usually going to be the most inexpensive route unless we are able to secure bond money for the down payment. There are closing costs involved but there is always a possibility that the seller will help pay for those costs also. If you don't have a realtor, I would also suggest the fine services of many of the realtors on here. Once they know you can qualify, all of them would be happy to help.
Mike Kelly's Endorsements
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Special Offers
Core Lending- Mike Kelly
32310 Tamina Rd.
Magnolia, TX 77354 281-844-3690
FHA and Government Loans
1. FHA - a) 620+ FICO 96.5% LTV with 6% Seller Concessions - b) 600 - 619 FICO 95% LTV with 3% Seller Concessions c) 580 - 599 FICO 90% LTV No Seller Concessions 6 months fund seasoning
2. USDA - 100% LTV with 620+ scores and No Monthly MI There are no set seller concessions on these loans at this time
3. VA 100% LTV with 620+ scores 4% Seller Concessions
4. FHA 203K loans
5. Home Renovation - up to 5000 on FHA held back in escrow for most any repairs needed to purchase home
6. Condo Financing - 96.5 LTV Must be HUD Approved condo project and MUST have 51% owner occupancy
exp. 02/23/2014
Core Lending- Mike Kelly
32310 Tamina Rd.
Magnolia, TX 77354 281-844-3690
Conventional Loans
1. 95% - LTV with 660 FICO - 3% Seller Concessions
2. 80% - LTV with 620
3. Flex 97% LTV - 720 + FICO needed for MI cert approval 3% Seller Concessions
4. Home Path Fannie Mae Foreclosures with No Monthly MI- a) 97% LTV primary residence - b) 90% LTV Second Home - c)85% LTV Investment Property- d) 620 thru 659 up to 80% LTV e) 660+ for LTV's above 80%
5. Construction and 1x Close
6. Jumbo up to 90% LTV with no MI as low as 650 scores or 80% with 620 to 649. VERY Competitive Jumbo Rates
7. Home Renovation In-House Programs allow up to $5000 held back in escrow for most any repairs needed to home being purchased.
8. Condo Financing - at least 70% owner occupied with 95% LTV
9. Second Lien Financing up to 80/15/5
exp. 02/23/2014
