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Mortgage Loans Illinois & Florida

Michael Rundell

Real Estate Broker in Schaumburg, IL

Michael Rundell Reverse Mortgage Sales | NMLS #1996972

Licensed In : AZ, CA, CO, FL, GA, IL, IN, MI, MS, PA, TX, WA

1750 East Golf Road, Suite 240Schaumburg, IL 60173

SuccessLending.com | Branch NMLS #2232431

As your mortgage loan officer, I am looking forward to helping you through your home loan journey. Whether you’re ready to buy, sell, refinance, or are just thinking about making a change, I’m here for you. I’ve been a mortgage professional for several years which has helped me see and understand the many facets of mortgage lending. Each home journey is unique, and I’ll help you find a great rate for your financial situation.

Trusted Mortgage Professional

Preferred Lending Partner: Mike Rundell, Success Lending

Finding the right financing is just as important as finding the right home. That's why I'm proud to partner with Mike Rundell of Success Lending, a knowledgeable and dedicated mortgage professional who is committed to helping buyers find the loan program that best fits their needs.

Whether you're a first-time homebuyer, purchasing your next home, investing in real estate, or exploring specialized financing options like DSCR loans, Down Payment Assistance, FHA, VA, USDA, or conventional financing, Mike provides personalized guidance every step of the way.

His commitment to communication, transparency, and exceptional customer service helps make the financing process as smooth and stress-free as possible. From pre-approval through closing, Mike works diligently to ensure buyers understand their options and feel confident throughout the transaction.

When you work with me, you'll have a trusted real estate professional and a trusted lending partner working together to help you achieve your homeownership and investment goals.

DSCR Loans

A Smart Way to Finance Investment Properties

Looking to purchase an investment property or Airbnb without using your personal income to qualify? A Debt Service Coverage Ratio (DSCR) loan may be the solution.

Unlike traditional mortgages, DSCR loans focus primarily on the property's ability to generate rental income rather than your personal tax returns or employment history. This makes them an excellent option for real estate investors, self-employed borrowers, and those looking to expand their investment portfolio.

DSCR loans can be used to finance:

Eligible Property Types

  • Short-term rentals (such as Airbnb or vacation rentals, where permitted)

  • Long-term rental properties

  • Single-family investment homes

  • Condominiums

  • Multi-unit properties

Benefits of a DSCR Loan

  • No personal income verification in many cases

  • Qualify based on the property's cash flow

  • Ideal for experienced and first-time investors

  • Flexible financing for growing your real estate portfolio

  • Available for purchase and refinance transactions

Whether you're buying your first rental property or your tenth Airbnb, a DSCR loan can provide a streamlined path to investment property ownership.

Homebuyer Programs

Down Payment Assistance Programs

Buying a home may be more affordable than you think. If saving for a down payment has been holding you back, you may qualify for a Down Payment Assistance (DPA) program designed to help make homeownership a reality.

Many first-time homebuyers—and even some repeat buyers—are eligible for programs that offer grants, forgivable loans, or low-interest loans to help cover down payment and closing costs. Eligibility varies based on factors such as income, location, and the loan program.

Down Payment Assistance Can Help Cover:

  • Down payment costs

  • Closing costs

  • Upfront home buying expenses

Benefits of Down Payment Assistance:

  • Reduce your out-of-pocket expenses at closing

  • Make homeownership more accessible

  • Keep more of your savings for moving, furniture, or future home improvements

  • Available through a variety of state, local, and lender-sponsored programs

Every buyer's situation is unique, and there are hundreds of assistance programs available across Illinois and Florida. As your real estate professional, I'll help connect you with trusted lenders who can determine which programs you may qualify for and guide you through the financing process.

Get Pre-Approved Today

When you work with Kimberley Saccomanto, you get a trusted real estate professional and a dedicated lending partner, aligned on helping you reach your homeownership and investment goals.

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