Sr Mortgage Advisor

Margaret Ann Dowda

Sr Mortgage Advisor NMLS# 215442 Licensed in IL

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5.0
(37 reviews)
(773) 627-8631 (630) 426-6293 margaret.dowda@preferredrate.com

1801 S. Meyers Rd. Suite 500
Oakbrook Terrace, IL 60181
Branch License Number #1962205

About Margaret Ann Dowda

Your mortgage is personal, and I understand that.

I have 20 plus years as a Loan Officer. I attribute my success to a strong work ethic ,integrity, high dedication and commitment to provide the best service to my clients. My focus is on solutions and satisfaction for each of my client's unique situation. I have 20 plus years as a Loan Officer. I attribute my success to a strong work ethic ,integrity, high dedication and commitment to provide the best service to my clients. My focus is on solutions and satisfaction for each of my client's unique situation.

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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.

  • Step 1 Connect with a Loan Expert

  • Step 2 Get Pre-Approved

  • Step 3 Make Offers

  • Step 4 Lock in your Preferred Rate

  • Step 5 Move in to your new home

  • Step 1 Connect with a Loan Expert

  • Step 2 Lock in your Preferred Rate

  • 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

  • Fixed-rate Mortgages
  • Adjustable-rate Mortgages
  • Interest-only Loans
  • Jumbo Loans
  • FHA
  • VA Loans
  • USDA Loans
  • Reverse Mortgages

Speciality Products

  • Keys On Time Program
  • Secure Lock Program
  • Jumbo Investor Loan Programs
  • Peak Loan Program
  • High Balance Solutions
  • Jumbo Solutions
  • Home Ready
  • Home Possible Advantage
  • STaR Program for First-Responders
  • Doctor Program for Medical Professionals
  • Manufactured Housing Loans
Buy a home Refinance

See what Margaret's clients have to say

Julio G

Everything was handled professionally and I felt like she was personally working just for us

Apr 13, 2022

Giovanni Y

Amazing people to work with, fast and smooth process. Anything questions or concerns we had were handled fast. Kept us in the loop with every next step and what the status or next process was.

Dec 20, 2021

Bianca R

Marge was a true miracle worker! She was very attentive and knowledgeable and was able to help me get approved for a loan to purchase my first house. She fought for me to get the best deal. I Would highly recommend her and will definitely use her again in the future. ... Read More

Sep 28, 2021

Jaron L

Marge was able to help my family get the house of our dreams and without her help and guidance, it won't have happened. She started as someone I spoke on the phone with to try and get a loan, today, it is my honor to call her a dear friend. Speaking with her, you can instantly tell she cares and will do everything she can to put you in the best scenario to succeed. Preferred Rate Mortgage has a diamond in the rough with Marge. She is absolutely the best! ... Read More

Aug 10, 2021

Stephen E

I can’t say enough positive things about Margaret. I recently contacted her with some questions I had about refinancing my house. At the time, I was going through the process using a big bank and had run into some problems. I just wanted to find out what options that I had at that point. She answered my questions and then asked me some things... She was able to secure a solid refinance with a cash out loan and get it all done in about 3 weeks. It was a very simple process. Contact her if you’re looking for a mortgage... ... Read More

May 19, 2021

Stephen E

I can’t say enough positive things about Margaret. It was the second time I’ve worked with her to refinance my house. This time I had already started working with a big bank and had run into some problems from them. I reached out to Marge to get some questions answered. She answered all my questions and wanted to know if she could run my numbers to see if she could get a comparable number... She was able to secure a solid loan with a great interest rate and help me get some cash out to do some him remodeling. She’s the best! ... Read More

May 19, 2021

Erik M

Margaret Dowda is the best!!! Great experience, knowledge and she made the whole process amazing. HIGHLY RECOMMEND!!!

May 15, 2021

Jorge L

Outstanding caring and very experience in what she does. We couldn't have done it without her. We are very grateful for her being a team player her caring and willingful to help out as much as she could to get what we needed. Were thankful for her. ... Read More

May 13, 2021

John G

Marge did a terrific job for us. She kept us informed through all stages of the loan process and completely explained everything to us and answered all questions we had. We would definately reccomend her to to any one we know who is shopping for a mortgage. ... Read More

May 12, 2021

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equal housing opportunityNMLS CONSUMER ACCESS LINK: NMLS #1850

© 2022 American Pacific Mortgage Corporation. For informational purposes only. No guarantee of accuracy is expressed or implied. Programs shown may not include all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions may apply. Equal Housing Opportunity.

Licensed by the Dept. of Business Oversight under the CRMLA.

Licensed as Preferred Rate in AL, AZ, CA, CO, FL, GA, IL, IN, KS, KY, LA, MA, MD, MI, MO, MS, NC, OR, TN, TX, VA, WA, and WI. Preferred Rate operates under American Pacific Mortgage in NV. AZ Corp BK 1014819. CA DRE #01215943. Regulated by the Colorado Division of Real Estate. Georgia Residential Mortgage Licensee. NV MB 2941/164. Licensed under the Oregon Consumer Finance Act.

Licensed by the Illinois Department of Financial & Professional Regulation, Residential Mortgage License # MB.6761304 | James R. Thompson Center | IDPR – Residential Mortgage Banking | 100 West Randolph St, 9th Floor | Chicago, Illinois 60601 | (844)768-1713

Licensed by the Department of Financial & Professional Regulation, Residential Mortgage License # MB.6761304

The Department of Financial and Professional Regulation (Department) evaluates our performance in meeting the financial services needs of this community, including the needs of low-income to moderate-income households. The Department takes this evaluation into account when deciding on certain applications submitted by us for approval by the Department. Your involvement is encouraged. You may obtain a copy of our evaluation. You may also submit signed, written comments about our performance in meeting community financial services needs to the Department." (Source: P.A. 101-657, eff. 3-23-21.)

Licensed by the Dept of Financial Protection and Innovation under the CRMLA.

CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIALMORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.”