Branch Manager

Peter H. Schilling

Branch Manager NMLS# 220124 Licensed in IL

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(630) 697-4519 (708) 914-1478 [email protected]

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!

See my reviews
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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

See what Peter's clients have to say

Sheldon T

As a first time buyer, That was some 7 stars service. Everything was absolutely amazing. From day 1 to closing the company help you with every little details required and have patience with you. Love you guys!

Mar 26, 2024

Emmanuel H

I recently had the pleasure of working with Peter and his team for my home loan, and I cannot recommend them highly enough. Despite our inexperience and lack of preparation in the home-buying process, Peter approached our situation with professionalism and a non-judgmental attitude. We faced several potential hurdles that we expected to complicate or delay our purchase, but under Peter’s guidance, these issues were resolved smoothly, allowing us to close much sooner than anticipated. If you’re looking for a knowledgeable, patient, and supportive loan officer, Peter and his team are the ones to call. ... Read More

Feb 28, 2024

Alexandra S

Wonderful experience!

Dec 19, 2023

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