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!
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.
Nicholas Smith (
Peter and Ken were great to work with. Easy communication and no issues throughout the process.
Scott A
Great job! On the money!!☀️
Fernanda 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.
Lisa M
We have used Pete on all our purchases and refinances(8) for over 10 years.
Jason B
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.
Tiffany T
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.
Jim M
Peter and Ken were excellent! They answered all of our questions about our mortgage and were always available to talk us through our options. Would highly recommend them!!!
Lauren S
Peter is professional, informative & efficient, I highly recommend Peter & his team for any & all loan modification or refinancing!
Raul G
I’ve worked with a lot of lenders as both a real estate investor and agent, but Peter Schilling is hands down the best. I’ve been through multiple real estate deals, and Peter has always made the process smooth and stress-free. He really knows his stuff, is super responsive, and understands the ins and outs of working with home buyers and investors. What I appreciate most is that he stays on top of everything and handles the details, so nothing slips through the cracks. I highly recommend him if you’re looking for a lender who’s not just good, but great.”
Kate R
Can’t say enough about the service that we received during the loan process. Thank You Karen and Peter for keeping us informed every step of the way. Closing was a breeze. I will recommend you to everyone.
Rick K
Helped us out very nicely and got us set up for success
Austin G
Great people to work with
Mario B
Peter and his team came highly recommended by my realtor. I now know why. Everyone whom I have spoken with there has been extremely knowledgeable, friendly, compassionate, available and just offered top notch customer service. This was my first house so I knew nothing about the buying process. Peter and his team made sure I felt comfortable and answered any questions I had no matter the time or day. They even did 3 way calls with my mom! Time was of the essence on closing due to having no plumbing in my old place so Peter and his team got me closed in 3 weeks, they would’ve tried for sooner but the seller needed 3 weeks to move out. From the instant I first spoke with Peter on the phone I knew he was different than other lenders I had spoken with. He genuinely cared about making sure I was comfortable with every step of the process and wanted to get the best rates and deals for me. I will never use another lender and don’t think you should either! A special shoutout to Ken as well, he was super amazing to work with. I’m actually going to miss being in constant contact with these guy lol
Jenna M
Thank you so much Peter and Ken! I learned so much from them; they slow walked me through the process which was truly needed. Explained everything step by step. I would reccommend you give them a call!
Renaldo B
Peter walked me through the process step by step. I had a really good Team behind me; they will be there for you too. Peter is down to Earth, very knowledgeable and proactive. Give them call, you won't regreat it.
Renaldomojo B
Thank you Peter for the wonderful experience I received. The professionalism, kindness, patience and help explaining the entire process with me that I received from you and your team was very much appreciated. I am so happy with the service I received from you all, truly thanks for everything.
Tamara K
I will continue to write good reviews about Peter and his team. They made my journey of home buying amazing. I enjoyed every moment of doing business with them. They are wonderful people to work with.
Ronke A
It was a great pleasure to meet Mr Peter Schilling in my quest to obtain my first home words cannot express the gratitude that I have for Mr Peter schilling The professionalism that he bought to the table was outstanding now I'm a proud new home owner it took me a while but I made it
Emmett H
I had an amazing experience with Peter and his team! Great communication and everything was smooth till closing.
Ronke A
Preferred rate has nice people to do business with words cannot express the gratitude that I have for preferred rate helping me obtain my first home
Emmett H
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!
Sheldon T
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.
Emmanuel H
Wonderful experience!
Alexandra S
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.
krishnakumar P
Great People! Great team also. Helped our family with multiple questions and got deals closed!
Martynas J
Great to work with. Patiently answered all my questions. Very pleasant and knowledgeable. Happy with my experience!
Maria L
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!
sandra 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.
Tony T
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!!!
Laura M
Highly recommend. Home buying is so stressful, but these guys made it feel as if you were talking to one of your buddies.
Bryan J
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!
Erica C
Peter and Team were very helpful and made the process smooth for me and family.Shout to Ken for all the supports.
Mo O
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!
minds_ m
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.
J Kevin D
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.
Nuria G
Got a great mortgage loan. Better than expected.
Mr. E
From the loan documents to the viewing of the residence and the closing details were exceptional and truly professional. An A+ team
Jose G
Very helpful. Always available with new information and easy to contact for help or information
Karen J
Peter was very pleasant to work with. I would definitely recommend him to family and friends.
Anthony W
Great to work with. Helped through the whole process. I would use him again on my next house.
Greg D
Peter and Ken were excellent to work with when considering purchasing the property. Peter and Ken were available throughout the process whenever needed for assistance. They provided information and responded to messages very quickly in a timely manner. Peter and Ken were professional and handled the loan the same way as well.
Dowanna S
Everyhing was done in record time, and very tranparently..After my experience wtih Freedom Mrotgage botching it, not once, but twice, this was rerfreshing to say the least!
Marilynn M
Did an Awesome job each step of process!!Truly Professional
Jene C
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!
Lucia M
It was a pleasure working with Pete, he made the process go easy
Marcela A
I recently completed a mortgage refinance and had a great experience.He did an excellent job.Everything was handled professionally, and the entire process was quick and easy.I'm very happy with how smooth it all went and I would definitely recommend his service.
Ela G
Used Peter for original purchase 2 years ago and recently for a refi at a lower rate. Both times were quick to close and extremely easy thanks to his help.
Joe S
I cannot reccomend Peter and Ken enough! They worked everyday and got me credits I was unaware of, covering almost my entire down-payment! With their help, they wrote ME a check at closing! I will absolutely be working with them in the future.
Carter B
Pete is excellent—knowledgeable, patient, and incredibly helpful throughout the entire loan process. He made sure we understood everything every step of the way. You won’t find better.
Justin J
Peter was very helpful!! We appreciate everything he did for us !
Jackie R
Peter was amazing! He helped us out getting a loan for our first house and explained everything very nicely!!
Jackie R
Working with Pete was such a great experience as we bought our first house! He took the time to make sure we understood everything and that we were comfortable every step of the way.
Helena Z W
Peter was top tier. I know I was working his nerves as a veteran that I am, however he never showed me anything of that nature. My next home purchase I would definitely choose him again. Great guy
Rico K
Peter just recently handle my mortgage and he was great. He made me feel at ease throughout the whole process. I would highly recommend him and I’m trying to refer him to a couple of people at work.
Steven
Peter is excellent to work with! Very patient explaining things to us and went above and beyond helping us with our loan and even made a call to the listing agent about our pre approval to help get our home. We appreciate everything, thank you Peter!!
Alexandra M
Peter and his associates did an exceptional job in handling our loan with in a smooth and efficient manner. Everything was done in a professional and timely manner. Thank you Peter. Bob Pype
Robert P
The best team to get the job done. Professional. Detailed. Guide you through the full process.
Highly recommend.
Lisa M
I can not express how greatfull I and my family are to Peter and his team.... when you hear "above and beyond"as a statement please know that statement fully describes how Peter and his team work for you.... From ranting phone calls (from myself)!to early morning calls (from myself) to I don't understand calls.. Peter and his team where there 100% and took the time to explain and make sure we understood every step along the way.... HIGHLY RECOMMENDED...
Edwin M
Loan Programs
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DSCR Loans (Investment Loans)
Featured
A stunning craftsman-style home featuring a welcoming porch, modern design, and the 1% Home Loan Program.
1% Home Loan Program
Featured
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Conventional Loans
Featured
A welcoming living room with a fireplace, wall-mounted TV, and elegant decor, ideal for relaxing and entertaining in a cozy home setting.
Down Payment Assistance (DPA)
Featured
Refinance Loan
Supporting veterans and families with VA home loan options and resources.
VA Loans
A couple stands outside a new house, symbolizing rural homeownership with USDA loans.
USDA Loans
Happy couple discussing FHA loan options at home.
FHA Loans
Charming blue home surrounded by lush greenery, perfect for those seeking low down payment loan solutions.
Low Down Payment Loans
A charming two-story house featuring a spacious front porch, large windows, and a well-maintained lawn, ideal for HELOC loan considerations.
HELOC Loans
A smiling couple during a home renovation project, standing on stairs with construction supplies around them.
Home Renovation
Explore jumbo loan options for financing high-value homes like this beautiful property.
Jumbo Loans
Comfortable man working on a laptop at home, highlighting flexible bank statement loan options for homebuyers.
Bank Statement Loans
Two workers in safety helmets working on a construction site, focusing on woodwork and project progress.
Construction Financing
A charming manufactured home featuring a spacious porch and lush landscaping, ideal for comfortable living.
Manufactured Home Loans
Beautiful Victorian-style condominiums with intricate details and vibrant colors, perfect for condominium loan options.
Condominium Loans
Image of a smiling doctor holding a clipboard in a medical office setting. Perfect for promoting medical professional loan services.
Medical Professional Loans
A nurse smiling while holding a tablet, highlighting loan options for first responders, teachers, and nurses.
First Responders | Nurses | Teacher Loans
Aerial view of a new residential property in a friendly neighborhood.
Community Lending
Learn how temporary buydowns can lower your mortgage payments during the initial years of homeownership.
Temporary Buydowns
A contemporary two-story home with a spacious garage, perfect for real estate bridge loans and investment opportunities.
Bridge Loans
Modern house with landscaped yard and garden.
Expanded Income Loans
A smiling woman using a tablet near a window, representing accessible loan services for foreign nationals.
Loans for Foreign Nationals
Simplify your home buying process with Preferred Rate's SmartBuy program.
Click n’ Close SmartBuy National DPA
Comfortable living room featuring yellow armchairs, a fireplace, and a flat-screen TV, ideal for home improvement financing options.
Expanded Credit Loans
Elderly couple discussing reverse mortgage benefits using a laptop at home.
Reverse Mortgages
A woman reviews her home sale options on a tablet in a bright, modern kitchen, highlighting the Seller PreLock Program benefits.
Seller PreLock Program
Spacious living room with contemporary furniture and a sleek kitchen setup.
Pathway DPA Program
Rhyze HELOC
Beautiful blue house featuring a secure lock program for enhanced home safety.
Secure Lock Program
Refinance With Purpose
Every refinance starts with a goal. Whether you want to lower your payment, shorten your term, or access equity, we’ll build a strategy around what matters most to you.
Consolidate Debt
Simplify what you owe. Use your home’s equity to combine high-interest debt into one payment.
Lower Payments
Improve monthly cash flow. Even a small rate adjustment can create savings over time.
Get Cash Out
Access equity with intention. Turn your home’s value into funds for renovations, education, retirement, or financial goals.
Change to Fixed Rate
Stabilize your payment. Move from a variable rate to predictable payments built for long-term planning.
Refinance VA Loan
Use a VA refinance program to improve your terms, access cash, or reduce your monthly payment.
Discover your home’s value instantly.
Get a personalized home value report powered by real market data. Track equity, explore trends, and stay informed about your property and mortgage loan.
Beautiful suburban house at sunset, showcasing a cozy home with a well-maintained lawn and welcoming entrance.
A logo for Preferred Rate featuring a financial graph and a notification about interest rate drops.
We'll watch the market for you
Set your target interest rate and we’ll notify you when it hits. No spam, just smart alerts.
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regard to your individual circumstances. All examples are hypothetical and are for illustrative purposes.
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How fast can I get pre-approved?
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How fast can I get pre-approved?
Nulla ac nunc in ligula pharetra posuere. Vestibulum aliquam auctor nibh, non facilisis risus dictum at. Vivamus justo lacus, commodo vel congue suscipit, dignissim sit amet eros.
How fast can I get pre-approved?
Nulla ac nunc in ligula pharetra posuere. Vestibulum aliquam auctor nibh, non facilisis risus dictum at. Vivamus justo lacus, commodo vel congue suscipit, dignissim sit amet eros.
How fast can I get pre-approved?
Nulla ac nunc in ligula pharetra posuere. Vestibulum aliquam auctor nibh, non facilisis risus dictum at. Vivamus justo lacus, commodo vel congue suscipit, dignissim sit amet eros.
A contemporary living space with a gray sofa, decorative pillows, hanging pendant lights, and lush green plants, creating a comfortable and stylish en.