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
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
minds_ m
Both Peter and Ken were so easy to work with and they found the best options for me. I'm truly grateful for their knowledge and patience through this process. I have already recommended them to everyone I know!
Dec 20, 2022
J Kevin D
Working with Peter and his team was a breeze. They explained steps very clearly and always responded to questions promptly. Also, they did a great job finding a decent rate in these difficult times.
Dec 13, 2022
Nuria G
The loan process was easy, thorough and fast. The staff were amazing. They helped me with all the questions I had for them. Great service. I would use again.
Sep 14, 2022
Mr. E
Got a great mortgage loan. Better than expected.
Aug 27, 2022
Jose G
From the loan documents to the viewing of the residence and the closing details were exceptional and truly professional. An A+ team
Jul 16, 2022
Karen J
Very helpful. Always available with new information and easy to contact for help or information
May 24, 2022
Anthony W
Peter was very pleasant to work with. I would definitely recommend him to family and friends.
Apr 20, 2022