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
krishnakumar P
I had a smooth experience working with Pete and Ken. They were always there to answer my questions and made my loan process easier. Would absolutely recommend them.
Aug 18, 2023
Martynas J
Great People! Great team also. Helped our family with multiple questions and got deals closed!
Jul 01, 2023
Maria L
Great to work with. Patiently answered all my questions. Very pleasant and knowledgeable. Happy with my experience!
Jun 08, 2023
sandra T
Both Peter and Ken was great to work with. They made the loan process easy and less stressful, from the beginning to the end. I can’t thank them enough for all of their hard work on getting my loan approved. They are truly good at what they do! Blessings to you both! ... Read More
May 27, 2023
Tony T
Had a great experience with Peter and his team! They made everything go smoothly. I had to change to his team last minute during negotiations due to an issue with my previous lender, and they made everything work out with time to spare. Thank you to Peter, Ken, and the rest of his team. ... Read More
May 01, 2023
Laura M
Ken was amazing. He did not stop with helping me and my family- he went to the end. I jus cannot say enough about Peter and Ken. They have made the process easy to buy a house and were always able to answer my questions and figure things out. I am forever grateful for all you both have done for us. THANK YOU!!! ... Read More
Apr 07, 2023
Bryan J
Highly recommend. Home buying is so stressful, but these guys made it feel as if you were talking to one of your buddies.
Apr 01, 2023
Erica C
Peter, Nina, and Ken were amazing to work with! They made our first home purchase very smooth and easy! They explained each step of the home buying process to us. I would highly highly recommend them. Thank you so much!
Feb 18, 2023
Mo O
Peter and Team were very helpful and made the process smooth for me and family. Shout to Ken for all the supports.
Dec 29, 2022