Peter H. Schilling
Branch Manager NMLS# 220124 Licensed in IL
11S230 S Jackson St Unit 101
Burr Ridge IL 60527
Branch License Number #1962183
About Peter H. Schilling
Your mortgage is personal, and I understand that.
Whether you’re looking to buy, build, or refinance your home, our experienced mortgage professionals are here to help. Here at Preferred Rate, we offer a variety of loan options that can help you achieve homeownership with the speed and service you deserve. Plus, as a mortgage professional, I am dedicated to finding the right loan with great rates, terms and costs to meet your specific needs.
Financing a home is one of the most significant commitments you will ever make - let me guide you throughout the entire loan process from application to closing and beyond. I look forward to putting our mortgage service to work for you! Whether you’re looking to buy, build, or refinance your home, our experienced mortgage professionals are here to help. Here at Preferred Rate, we offer a variety of loan options that can help you achieve homeownership with the speed and service you deserve. Plus, as a mortgage professional, I am dedicated to finding the right loan with great rates, terms and costs to meet your specific needs.
Financing a home is one of the most significant commitments you will ever make - let me guide you throughout the entire loan process from application to closing and beyond. I look forward to putting our mortgage service to work for you!
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 Peter's clients have to say
Marcela A
It was a pleasure working with Pete, he made the process go easy
Dec 02, 2025
Lucia M
From beginning to end and even after the experience was amazing. Peter took the time to meet in person with us and explain the process as well as other details regarding refinancing for the future. We appreciated every call and text as they were always informative and plan to use his services again! ... Read More
Oct 10, 2025
Nicholas Smith (
First off, let me start with I am a veteran and currently employed for the Department of Veterans Affairs. One of my biggest pet peeves in life is a lack of communication. What a breath of fresh air it has been working with Peter and his crew. Constant communication to keep us up to date and our minds at the ease. Monitoring of interest rates to help us. Instant response when we would call, text or email. We will not work with anyone else in the future. We do not have accounting or finance backgrounds. We had tons of questions and Peter and his crew never made us feel like we were less educated. He was happy to answer everything and educated us on what we didn’t know. If you are looking to move forward with purchasing a house, I can’t recommend this team enough. ... Read More
Oct 04, 2025
Scott A
Peter and Ken were great to work with. Easy communication and no issues throughout the process.
Aug 02, 2025
Fernanda M
Great job! On the money!!☀️
Jul 16, 2025
Lisa M
As a second time homebuyer after 13 years, I still had lots of questions and anxiety about making a house purchase. Pete was very patient and was available to answer all of my questions as we worked through the process. I would highly recommend working with Pete and his team at Preferred Rate. ... Read More
Jul 16, 2025
Jason B
We have used Pete on all our purchases and refinances(8) for over 10 years.
Jul 14, 2025
Tiffany T
When it comes to honest business, Peter is the guy to work with. Oftentimes, we need someone that we can trust and who's word is GUARANTEED! I recommend anyone that need a home loan to call this guy and listen to his sound advice.
Jul 11, 2025
Jim M
Incredibly professional organization from top to bottom. They reviewed all of our options and put us into the best product for our family. I would recommend them to anyone looking to purchase or refinance a home.
Jan 10, 2025
