Alessandro Madonia
Senior Mortgage Advisor NMLS# 224210 Licensed in IL, FL, TX, TN, and WI
1801 S. Meyers Rd. Suite 500
Oakbrook Terrace, IL 60181
Branch License #1962205
About Alessandro Madonia
Your mortgage is personal, and I understand that.
Alessandro Madonia is a senior mortgage advisor with more than 17 years of experience originating mortgages ranging from Conventional, FHA, VA, and Jumbo loan products.
He has substantial experience originating both purchase and refinance transactions and has extensive knowledge in product guidelines and loan structuring.
His commitment to delivering on promises is what elevates Alessandro's service level above the rest.
Alessandro and his team are committed to providing clients with the highest quality financial services, combined with the lowest rates available.
Preferred Rate has a long history providing financing to clients all over the country. Preferred Rate are a leader in referral based and web-based loan originations while maintaining a high level of customer service throughout the process. Being a Mortgage Banking institution, Preferred Rate controls the entire loan process from start to finish in their state of the art fulfillment center in Oakbrook Terrace, IL.
Alessandro's goal is to create lasting relationships with each of his clients and referral partners so that he may continue providing excellent service for many years to come.
We keep the mortgage process easy
Buying a new home can feel like everything at once: Exciting, overwhelming, stressful, and even emotionally taxing.
Whether this is your first home, your next home, or you’re thinking about refinancing, we’re ready to walk with you every step of the way.
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Step 1 Connect with a Loan Expert
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Step 2 Get Pre-Approved
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Step 3 Make Offers
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Step 4 Lock in your Preferred Rate
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Step 5 Move in to your new home
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Step 1 Connect with a Loan Expert
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Step 2 Lock in your Preferred Rate
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Step 3 Get your new loan approved!
Buying a new home can feel like everything at once: Exciting, overwhelming, stressful, and even emotionally taxing.
Home Loans
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Fixed-rate Mortgages
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Adjustable-rate Mortgages
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Interest-only Loans
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Jumbo Loans
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FHA
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VA Loans
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USDA Loans
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Reverse Mortgages
Speciality Products
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Keys On Time Program
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Secure Lock Program
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Jumbo Investor Loan Programs
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Peak Loan Program
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High Balance Solutions
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Jumbo Solutions
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Home Ready
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Home Possible Advantage
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STaR Program for First-Responders
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Doctor Program for Medical Professionals
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Manufactured Housing Loans
See what Alessandro's clients have to say
Sarah W
Alessandro made everything so easy I high recommend buying a house through him!
Nov 08, 2025
Diana G
Alessandro made the entire loan process easy to understand and kept me updated every step of the way. I really appreciated how patient and responsive they were, whenever I had a question, I’d text him and he would always follow it up with a phone call to answer any of my concerns to eliminate any chance of a misunderstanding. Everything went smoothly from start to finish, I’d definitely recommend Alessandro to anyone looking for a lending officer who cares about their clients and goes the extra mile. ... Read More
Oct 27, 2025
Frank P
Working with Alessandro was an excellent experience. He made the financing process smooth, clear, and stress-free from start to finish. Always quick to communicate and truly went the extra mile to help me get everything done right. I’d definitely recommend Alessandro to anyone looking for a reliable and knowledgeable professional for their financing needs! ... Read More
Oct 23, 2025
Antonio R
Alessandro and his team (Jill and Karen) were great to work with. They did an awesome job of keeping me informed throughout the entire process and their communication could not have been any better. They were very prompt yet patient with any and all of my questions. ... Read More
Oct 02, 2025
Fabian R
I want to take a moment to thank and give a glowing review to Alessandro and Jill. We worked with them on a loan for our Barrington property, and they were nothing short of amazing. From paperwork to funding, they guided us through the entire process with the highest level of professionalism. They consistently advocated for us, and we couldn’t be happier with the experience. What stood out most was their willingness to communicate at any time of day. From early morning calls to late evening questions, they were always available, ensuring we reached the closing of our property without a hitch. We truly appreciate the Preferred Rate team and will gladly work with Alessandro and Jill again. ... Read More
Oct 01, 2025
Aga T
My husband and I purchased few houses in the past, so we thought we knew how the process goes, dreadful. Working with Alessandro and Jill was so opposite. First of all we closed in 3 weeks, not 4, 5 or 6. They were very professional, but friendly at the same time. It was like talking to a friend, very relaxed. We would definitely go with them again! ... Read More
Sep 29, 2025
Anthony W
Alessandro was great! He explained every step of the loan process and provided us with options to make sure my fiance and I made the best decision for us financially. Jill was extremely quick with her follow-ups and making sure we had everything we needed for the underwriting process. I would recommend Alessandro and Jill to any and everyone who is looking to buy a home. ... Read More
Sep 27, 2025
Ivan B
Forget Geico - we just saved over 15 % by switching to Alessandro and his team! Alessandro and Jill are absolute rockstars who always put their clients first. We just saved over $600 on our mortgage - that’s right over $600 saved on our refinance ! It gets better - because we made our purchase with him they waived ALL of their fees. My cost on this refinance were pretty much non existent upfront - saved over $600, received a nice refund on my original escrow , plus my new mortgage has a healthy amount in escrow as well. Alessandro, Jill & team absolutely hit it out the park. Let me not forget we also saved $700 a year on our home owners insurance policy through Alessandro’s referral network. We are beyond grateful and thrilled with the teams expertise and selflessness. Thank you !!! 100 stars ... Read More
Sep 17, 2025
Marissa B
We just worked with Alessandro for our second home purchase and I honestly can’t say enough good things about him. He makes the whole mortgage process so much easier and less stressful. He is always quick to answer questions and explains everything in a way that makes sense. I really appreciate how approachable he is and how he makes you feel like you are in good hands. If we ever buy another home, we would absolutely use him again. Thank you Alessandro!! ... Read More
Aug 27, 2025
