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Richard Honquest smiling in professional setting for Preferred Rate.
Portrait of Richard Honquest, a business professional at Preferred Rate, showcasing confidence and expertise.
Beautiful modern craftsman house with landscaped front yard and double garage.
A stunning modern craftsman-style house featuring a landscaped front yard, large windows, and a spacious double garage.

NMLS: #1845277

Richard Honquest

Mortgage Advisor

Rich Honquest, after a decade as a successful Real Estate Broker, made the decision to transition into the lending side of the industry. His extensive experience in buying and selling residential properties has equipped him with a deep understanding of the market, enabling him to offer a well-rounded, holistic approach to lending.

Rich takes a consultative approach with every client, ensuring he fully understands their goals and motivations. His focus is on delivering exceptional value through homeownership while providing top-tier client service. He also prioritizes positioning his business partners for success and maximizing their potential.

Licensed in:

FL, IL, IN, MI, TN and WI

Why work with me?

5.0/5 Rating

233 reviews

20+ years

Of experience

Real clients. Real results.

Cannot say enough good things about my experience with Rich. Incredibly responsive, informative, and creative. Rich presented solutions I hadn't considered in the past and was able to reposition our mortgage in a way that will benefit me and my family for years to come. A true professional.

Robert K

Rich was fantastic to work with! He was extremely responsive and helpful throughout the entire process, always available to answer questions and provide guidance. He and his team made everything smooth and stress-free. I would highly recommend working with them.

Billy T

We worked with Richard Honquest and we could not be happier with the experience.From start to finish, he went above and beyond to make sure everything was handled smoothly. He truly hustled for us- communicating clearly, responding quickly, and making the process as stress-free as possible.We are so grateful for his professionalism, dedication, and genuine care.If you’re looking for a lender who will work hard for you and truly has your best interests at heart, I highly recommend Richard. He did a fantastic job for us and we can’t thank him enough!

Imaad R

Rich and his team were great to work with. Super knowledgeable and very communicative. 

Conor P

Richard and his team are the greatest! Every step of the process was professionally completed without a hitch. He made sure my title was corrected, and gave me a lower rate when they dropped just days before closing. Thank you

Jeff B

Rich and his team are super. Made buying our home very easy, no matter what time, or over weekends - always very responsive. Felt always had my best interest at heart . Was a great experience.

vinny m

From the very first call to the final closing day, Richard Honquest and his team at Preferred Rate made me feel completely supported. They answered every question with patience, explained everything in a way I could understand, and kept me updated at every step. What could have been stressful turned into an exciting and smooth process.Now I’m officially in my new condo, and I couldn’t be happier! I’m so grateful for their hard work and personal touch. I would recommend Richard and his team to anyone looking for a lender who truly cares about their clients.

Amber I

Rich is excellent. Extremely knowledgeable and responsive. We would recommend him to anyone.

Morgan D

Richard Honquest and his team at Preferred Rate provided excellent service throughout my mortgage process. Their knowledge, responsiveness, and attention to detail made the experience efficient and stress-free. Every step was handled with professionalism, and I always felt informed and confident in the decisions being made.Thanks to their dedication, I am now settled in my new condo. I would highly recommend Richard Honquest and his team at Preferred Rate to anyone seeking a trustworthy and dependable mortgage lender.

Amber I

Great experience top to bottom, front to back. Rich was always attentive and clear with his information. He helped explain everything clearly and concisely and made sure we took advantage of any savings available to us based on our current situation instead of just blanket suggestions. I will never use anybody else for future mortgage needs. Keep doing what you’re doing, Rich.

Chris O

Seamless closing and processing. We were kept informed during the entire process. Highly recommend

Robyn H

Excellent communication and reliable. Thanks Rich!

Jennifer L

Worked with Rich to close on a property in another state—he kept eyes on everything from start to finish to make sure nothing fell through the cracks. Easy. Thanks Rich!!

Jason S

Rich and his team are some of the most amazing people ever! They made getting a home loan the most seamless process! Next time we move, we will for sure be going with preferred rate!!! Thank you Rich and Team

Tyler S

Rich was fantastic throughout the whole process. He was able to get our unique closing to the finish love with no problems. 100% will recommend.

Adam W

Excellent and won’t let you down

Sean h

Rich and his team were very helpful and communicative throughout the process. Would definitely recommend working with them!

Matt G

Rich and his team were absolutely instrumental in helping us secure not only the loan for our property, but the property itself. Our deal would have literally fallen through, were it not for Rich and his diligence on our behalf. Easiest 5 star review I'll probably ever give.

Alex F

Rich was great and easy to work with. Got us a great rate in current times. Will totally use again. Thanks Rich and Team!

Jen O

My Wife and I could not recommend Rich and his team more highly! As first time home-buyers, there was a lot about the home buying process that we didn't know. Rich and his team went above and beyond to educate us on how the process works, every step of the way. Rich and his team are professional, courteous and responsive and they make themselves available 24/7, 7 days a week for their clients. Rich is clearly very well-respected within the Realtor community in the Chicagoland area, and during the home buying process Rich is able to leverage these relationships to distinguish his clients from their competitors and put his clients in the best position to win in competitive markets.If you are looking to buy in the Chicagoland area I would highly recommend working with Rich and his team!

Ryan W

After choosing our dream home, working with Rich was the next best decision we made in the home buying process. As first time buyers, we were overwhelmed, but Rich guided us through every step with patience and clarity. He took the time to make sure we felt confident. Beyond his expertise, Rich is simply a great person who truly cares and wants the best for his clients. We couldn’t have asked for a better partner and now friend!

Lindsey F

Rich is such a knowledgeable lender and made us feel like we were his most important clients. In addition, he is very personable and always had us laughing during a time that can be very stressful. He always made sure that we understood everything we were signing, as well. We highly recommend Rich as a lender!

Erica Sladky (

Rich provides incredible support and guidance throughout the process. Very proactive in communication and went above and beyond to ensure I was always informed every step of the way. Highly recommend!

Amy H

Rich was a FANTASTIC person to walk me through the mortgage process as a first-time homebuyer. He was patient, answering all my questions, and made sure I was staying on task with a quick closing. Couldn’t recommend him enough!

Camille N

Richard was amazing,awesome communication

Jeanette P

Rich was helpful in every aspect.  He got the job done efficiently and made it a point to keep me up to date!  I would definitely recommend Rich and his group

Mary H

Rich and his team are amazing and made my first property buying experience fun! He has great attention to detail, personal attention and made the entire closing process enjoyable! I highly recommend Rich!

Mike Z

Working with Rich was a great experience. He was knowledgeable and dedicated—always willing to jump on a call, answer questions, or move things along, no matter the time of day.I never had to worry about anything slipping through the cracks. His responsiveness and commitment really stood out and made the whole process so much smoother.Highly recommend!

Sydne P

Best of the best. Extremely responsive, transparent, and easy to work with. When buying a house there are a lot of moving parts and Rich takes one off your plate.

Kyle G

Rich was wonderful to work with, his advise helped us get a great rate in this economy. He kept us informed all through the process and was available for questions whenever we had them. I would highly recommend him, especially if you are a new home buyer trying to get financing.

Varun D

Richard and his team took care of us from start to finish. At every point in our journey they handled their business and got things done. They’re currently helping my in laws and I know my family is in good hands.

Kyle

Rich made the whole buying process so smooth and gave great advice in regards to the whole process. We have our dream home because of him. Very good at communicating and responds very fast. Rich and his team are amazing and would definitely recommend there services. It is very nice to have a team that treats you as family instead of an account number. 

dejan v

Rich and his team were great to deal with. If you’re looking for a great experience buying a house, this is the way to go.

Jake B

Rich and his team were incredible and helped us every step of the way when purchasing our home. 100% recommended and will be working with Rich for all future deals!

Brandon D

Rich went above and beyond during our home buying process. When we had any bumps in the road, he was the first to call and assure us. He was very prompt with every ask and helped us feel comfortable and at ease with the entire process. Thank you Rich and team!

Carly Z

Richard is a true professional. Very competitive rates & products. Consultative approach. True professional. Five Star Service!

Bill W

Rich was FANTASTIC to work with as a first time home buyer! I can't recommend him enough to anyone who is going through the process for the first time. He was honest and clear with all his communication to my wife and I. We can't thank him enough for his help and look forward to working with him again on our next home financing experience!

Kyler J

First time home buyer, and Rich had a level of expertise and a drive to help me through the entire process that was unmatched. From his monitoring and securing the best interest rate, to outlining the steps throughout the home buying process, to education, I would recommend Rich and his team to anyone anytime.

Adam T

Rich was amazing to work with, especially being first time home buyers. He took the time to explain everything step by step to us at every step of the process. He sent us monthly payment scenarios on all the houses we toured so we could get an understanding of what our payments would look like. He also answered all of our questions in such a timely matter! Would highly recommend Rich to anyone who’s looking.

Maegan R

If you're looking for the not only the best lender out there but more so someone who will advise / consult you through the entire process, stop your search and go with Rich and his team. Simply put: they are the A-Team when it comes to mortgage lending. You'll thank yourself later that you chose to go with this team.

Jono K

If you're looking for the not only the best lender out there but more so someone who will advise / consult you through the entire process, stop your search and go with Rich and his team. Simply put: they are the A-Team when it comes to mortgage lending. You'll thank yourself later that you chose to go with this team.

Jono K

I would give more than 5 stars if I could. Rich went the extra mile for us, and I can't recommend him enough. He was a total professional and a pleasant, friendly person to work with from start to finish.

Christopher M

Rich was incredibly helpful and always great with following up, it was great working with him on the home buying process.

Jason B

Very quick to reply with updates and all the document status as the process went on .From start to finish Richard was there to answer questions or concerns. Highly recommend Preferred Rate.

Paul F

Richard and his team were great! We were able to get the mortgage approved and funds in 3-4 weeks. Definitely would work with them again.

Nick L

Rich and his team were great to work with while we quickly moved on a second home.He helped navigate us through the process with no surprises and great correspondence throughout.His background in real estate, familiarity with the area, IL vs WI legal nuances, experience with secondary home buyers made him a great match for us.Would highly recommend him and hope to work with Rich/Team again!

Jeff/Amanda

Rich and his team are second to none. We had a tight window to close on a housing opportunity and they turned it around with no concerns. He was highly communicative and even offered consultative services to get the best rate possible! I would highly recommend him and his team for your lending needs.

Chase C

Rich and his team were wonderful to work with. He was extremely knowledgeable about the second home process. He was always available and kept us informed and on track through the entire process. He even went above and beyond with coordination of the other parties involved. We would highly recommend Rich and his team!!

Amanda V

Here's what you need to know about Rich: when my wife and I (first-time homebuyers) were reviewing numbers late at night and thought we would be paying much more in closing costs than we initially thought, Rich responded to our email within minutes to explain and clarify what we would actually be paying, saying, "I didn't want you to go to bed thinking you were paying that much in closing costs." It was exactly what we needed to hear in that moment and perfectly exemplifies Rich's very human approach to this process. He was always willing to hop on the phone, answer questions and explain, all of which was crucial for our first homebuying experience.

Robert K

Here's what you need to know about Rich: when my wife and I (first-time homebuyers) were reviewing numbers late at night and thought we would be paying much more in closing costs than we initially thought, Rich responded to our email within minutes to explain and clarify what we would actually be paying, saying, "I didn't want you to go to bed thinking you were paying that much in closing costs." It was exactly what we needed to hear in that moment and perfectly exemplifies Rich's very human approach to this process. He was always willing to hop on the phone, answer questions and explain, all of which was crucial for our first homebuying experience.

rklaus1992

I have worked with Rich on two deals now and he is great to work with. Would highly recommend to anyone looking to buy a home or refinance.

Rob S

We were extremely pleased with Richard (Honquest) and his team at Preferred Rate in both Oak Brook Terrace. IL (and Lake Geneva). He was extremely knowledgeable about home mortgages and the market in the Lake Geneva and helped us avoid some pitfalls that other agents would not have been aware of. He kept us continuously up to date on and walked us carefully (handholding) though a relatively difficult and hurried purchase that turned out great due to Rich's diligence and hard work (also by his team who seemed to be working around the clock for us). At the end the mortgage and purchase came off without a glitch. We are very appreciative and indebted to Rich and his team. Cannot recommend them any more highly.

Michael B

I had a fantastic experience working with Rich and his team. The entire process was smooth, transparent, and efficient. They were incredibly responsive, answered all my questions, and truly made me feel confident every step of the way. I couldn't have asked for a better partner in this journey. Highly recommend their services!

Eric E

Rich and his team were beyond amazing. They were always willing to answer all of our questions as new homebuyers and were extremely knowledgeable about all aspects of the home buying process. They are a very responsive, communicative, patient, and understanding team. Even after the purchase of our home, Rich continues to make himself available for us to reach out with questions. He always helped us feel reassured in a challenging housing market. We are so appreciative of Rich and his team and cannot recommend them highly enough!

Anneliese K

Rich was so helpful with our first time home buying process. He walked us through everything, checked in with us regularly and never made you feel like any question was a stupid one. Would highly recommend to anyone.

Danielle H

Rich and his team were a breeze to work with! Communication was consistent and clear, we felt supported every step of the way. They made the mortgage process easy to understand and closing was seamless.

Audrey H

Rich was an invaluable resource from very early on. He went out of his way to make our home purchase as easy and painless as possible, while also making sure we understood and were comfortable with the entire process. I highly recommend Rich to anyone purchasing a home.

Ryan M

Rich and his entire team were excellent throughout the entire process. Incredibly hard working and we essentially had access to them 24/7 if we needed anything. Highly recommend!

Jordan W

Rich and his team worked very hard to make sure that everything went smoothly. They were very good at letting me know what was complete, in process, and what to expect next. Rich was always willing to follow up with a phone call if I had questions. Our closing was on time and problem free.

Luke S

First time homebuyer - Rich met me where I was in terms of my understanding of mortgages and strategies for getting me the best loan at the best price and the nuances associated with each. He was incredibly diligent in follow up in where we were in the lending process and more responsive to my texts/emails than anyone I know. I know that I will be going to Rich for future home loans, refinancing or otherwise.

Michael K

I couldn't have asked for a better partner in completing my first time home purchase. Rich was excellent in explaining everything in our initial calls, getting numbers requests for properties we liked, and answering questions we had along the way. Once we went under contract, he was all over the process and kept us in informed about where we stood. He was creative in "chasing down" our loan rate before close as rates dipped after we locked - something that I know is difficult for him but ultimately better for us.Rich is the kind of person to answer the phone on the first ring at 5:00am or 11:00pm and get an answer in our inbox in minutes. In a world full of people who claim to be experts in their fields, it is refreshing to see and work with one like him. I would recommend Rich to anyone.

Michael K

We’ve worked with Rich on both of our home purchases. The first time was 4 years ago when we purchased our first condo and again this spring when we moved. Rich went above and beyond to make sure that a very complex transaction went smoothly. We cannot recommend working with him enough—he always goes the extra mile for his clients!

Danielle C

Rich and team are the best and make the process easy as can be, highly recommend. Thank you

Kevin P

Rich and his team were thorough and helpful. I'm so grateful.

Jen W

My real estate broker recommended Rich as I was searching for a new condo after a divorce. At a tough time of my life, Rich was so supportive. He spent a lot of individual time on the phone with me and my parents, walking us through the process, alleviating my fears, and making recommendations. No question was too silly or small for him, and where other, bigger lenders wouldn't pick up the phone until I filled out an application, Rich really dedicated his time to building a relationship.Rich is really a hands on kind of person, and I can't recommend him enough.

Kaitlyn H

Rich and team were amazing to work with! He was always readily available for us and so helpful. Rich made the process as stress free as possible. We felt totally confident he could get the job done.

lainy s

Rich and the team were wonderful to work with. We were under a quick turnaround time and they made it a really smooth process. I would highly recommend working with them and would look forward to getting the opportunity to work with them again!

Alli S

Working with Rich was fantastic. He was on top of everything and kept the loan application, approval, and funding process moving. Rich provides valuable insight so you can make the right choices when applying for your mortgage. I will definitely work with Rich on my next real estate purchase.

SeaWags

Rich was so informative and caring throughout the entire home buying process. He makes you a priority and helps to quickly answer questions in a thoughtful way. Would highly recommend to anyone.

Ryan V

Very smooth underwriting and closing-communication was great

Becky J

Rich was an essential part of my first-time homeowner buying experience. From start to finish, he ensured that I was informed about every detail of the process through clear communication and consistent updates which I greatly appreciated. We were under a tight timeline of closing within a one month span, and it wouldn't have been possible without the Rich's expertise. Thank you to Rich and team for making my first buyer experience a great one!

Kate B

Rich was great to work with. He was very knowledgeable and made the buying process easy!

George J

Rich was great to work with. Upbeat and positive through the entire process. Definitely would recommend!

Spencer G

Rich Honquest and his team at Preferred Rate were absolutely wonderful to work with. We reached out several months before we started looking at homes to get pre-approved. Rich walked us through the process and was available for questions but did not hound us or harass us at all. Rich and his were quick to respond, transparent, friendly and professional. My husband and I are first time home buyers and knew very little about the process going in. Rich was patient and knowledgeable in explaining the process and answering all of our questions clearly and concisely. He went above and beyond exploring different loan options with us to get the best rate and even called the sellar's realtor to help us secure our home. His guidance helped us feel secure and confident. He also worked well with our realtor, insurance agent and lawyer. Rich and team made this process as painless as possible and I would recommend him to any homebuyer in the Chicago area.

Rachael P

Rich and his team have been absolutely wonderful through all stages of the home buying process. My husband and I are first-time homebuyers who knew very little about the process. Rich provided clear and concise explanations and answered all our questions. We applied for pre-approval months before we started looking and Rich was always available but did not hound us. Rich went above and beyond exploring different loan options to get us the best rate and even called the seller's realtor to help us secure the contract. Rich and his team were very quick, professional and communicative throughout the process and made it as seamless as possible. I would recommend Rich to anyone in the Chicago area. He's the BEST.

rachaelpersin

Rich was so very helpful throughout our entire loan process. We had to pull out of our first house and start a second loan process. He was with us every step of the way explaining everything in full detail. We put out trust in Rich and he delivered! I would got to him 10/10 times.

Vincent F

Rich and his team exceeded my expectations in every manner possible. Their expertise, customer service, and problem solving ability made my home buying experience a breeze during a period of rate instability.Bottom line, if you work with Rich, you work with the best!

Maxwell S

Phenomenal! I couldn't have asked for a better team to help me with my first home purchase. Rich was so kind and helpful. He went above and beyond to make sure I was always taken care of. 100 star review!

Brooke P

It has been Fantastic working with Rich as a first time homebuyer, he did everything to guide me thru the process and make it clear and easy to understand. He also got me the best possible rates and programs I could qualify for!

Ryan A

Rich and his team are a pleasure to work with. I have completed multiple deals with Rich and preferred rate and would highly recommend! They are very informative and communicative every step of the way which is so important during the homebuying process.

Marcus W

Rich was great from start to finish. He was extremely helpful and knowledgeable about the process and what was needed to complete in a timely matter. His communication and responsiveness was excellent and he has a great team that all made it such a wonderful experience. We would highly recommend working with Rich and his team.

Dave

Rich was absolutely awesome to work with! He was on top of our loan from our first conversation to our closing. He really worked all angles to make sure that we got the best rate possible in this difficult market.

Audrey K

Rich Honquest is an incredible lender!! Every question I had was answered, and he is so incredibly knowledgeable about the industry. I felt supported every step of the process. Rich and his team are just the best! I will never go to anyone else for a loan again :)

Brit B

Rich Honquest is an incredible lender!! Every question I had was answered, and he is so incredibly knowledgeable about the industry. I felt supported every step of the process. Rich and his team are just the best! I will never go to anyone else for a loan again :)

Brittany

Rich and his team could not have been more helpful and knowledgeable throughout the home buying process. He made himself available 24/7 and could always provide us with the answers we needed. Would recommend using Rich and his team every single time you can.

Adam W

I can't even begin to express the amazing experience I had with Richard! I switched finance companies 3 months into trying to find a home after switching realtors. I dreaded it because of the awful stressful experience with the first company. Rich made it so simple! He was so friendly and nice! He never hesitated to answer any questions I had. He soothed any of the anxiety I had with buying a home and all the stressful stuff that went with it! Trust me I was stressed! His team worked so well together and never acted bothered by me. When it came time to bid on a house I truly believe he was the reason I am living in my first home! His experience as a realtor definitely benefited me! He even gave me a connection to a great insurance agent!I truly can't express my gratitude for having the luck to work with Rich! I definitely would recommend him and his company!

H P

Rich was very attentive to our needs and helpful throughout the process, even with the crazy market. He was readily available 24/7 to answer all our questions and expertise in an ever changing marketplace!

Terra H

The best! As a first time home buyer, Richard walked me through everything. He and his team were top notch. I highly recommend Richard.

John G

I've used Rich for three separate mortgage needs, and each time he's made the process incredibly easy. So much goes into the mortgage process, but Rich explains everything clearly and works extremely hard to make sure he's taking as much off my plate and getting us the best deal. I've referred him to everyone I know going through the process of purchasing a home, and I can't recommend him and his team enough!

John K

Recently sold home after 20 years--forgot how stressful purchasing a home can be, not to mention obtaining a mortgage again. Rich was extremely patient with me, provided many different scenarios on multiple home options & most importantly, really wanted me to get the right home! Can't thank Rich enough for all his assistance--felt like we became friends through the process.

Karen D

Unbelievable service and responsiveness!

Bob C

Rich is very knowledgeable in the real-estate field, his prior experiences as a realtor makes him as credible as they come. He is very approachable at any point, weather its in the morning or at night when you are off the clock. Rich is not only a great rep, but is willing to shop around for the best interest rates and will provide break downs of all types of mortgages that are offered on any property that you visit. His knowledge of the market was a crucial part of my experience. If you are looking for someone who is on top of things with great experience and is enjoyable to talk to Rich is your guy! Would highly recommend his services weather your a first time home buyer or person that has a portfolio of properties! Very smooth to work with!

Jeremy G

Rich and his team was great. Very professional, thorough, helpful.and knowledgeable! Would highly recommend him.

Josh T

Rich was an absolute pleasure to work with regarding my re-finance! It was a tricky situation due to a divorce & corresponding requirements, but Rich was able to navigate easily and provided guidance throughout the process. Excellent communication and I felt as if I was Rich's only client. I will continue to work with Rich on all future loans without hesitation.

Karen D

Rich Honquest was great throughout our entire mortgage journey. He was quick to respond to any questions that we had along the way. Highly recommend!

jamie l

Rich was extremely helpful through the whole process. He kept a close eye on the mortgage rates after having the 40 day (?) locked in rate. Five days before closing, he went through the extra effort of rerunning all the numbers and submitting it just to save me an extra $20/mo because the rates dropped. Most people would say it’s not worth the time but when buying a house, every dollar counts. He even saved my butt after I opened a new credit card after my offer was accepted. While I was thinking I was gonna lose the house, Rich kept a level head, assured me he would take care of it, and DID. Rich deserves all five stars, no doubt.

Charles B

Rich was great! As first time home buyers, he was extremely knowledgeable, supportive, and responsive throughout the whole process. He gave us a lot of confidence going into the home buying process.

Cole H

Rich and team were exceptional partners from the start. They were quick to respond, educated us every step of the way, knew the Chicago market and were experts in the home buying process. Thank you Rich and Preferred Rate!

Nicholas C

Rich is amazing, worked very hard for us. It was quite the journey and he and his company worked overtime on us to save money, time, and gave us a great experience with the best rate possible in this crazy market we are in currently.Thank you rich and a thank you to your team for all your hard work, we really appreciate you!Thank you!

Sam G

Very attentive & personalized approach. Great service & experience. Highly recommend.

Bill W

We feel very fortunate that Richard was part of our home-buying team! He did a great job explaining complex financial concepts in layman’s terms and made the home buying process much easier to understand. Richard never hesitated to pick up the phone and reach out offering guidance and valuable advice anytime my husband or I had a question about mortgage rates, how to increase our credit scores, etc. If you’re looking for someone who is knowledgeable and personable to handle all of your mortgage needs, we highly recommend contacting Rich!

Katie S

Rich was super helpful from start to finish - and was a dream to work with in general. He was quick to respond and very patient in explaining everything which made the homebuying process easier overall coming from out of state. We feel very lucky to have found someone so spectacular to work with!

Sara M

Rich was a referral from an awesome real estate agent (Shanley Henry). As we purchased from out of state, he walked us through the entire process very thoroughly and helped me understand all of the nuances of borrowing in Illinois. He was really fast, truthful, gave great advise and is an all around pleasant person to work with. Thank you Rich!

Tina Mai B

Working with Rich exceeded my expectations. He is extremely responsive, timely and an expert in his field. Highly recommend!

Kristen N

Rich and his team made being a first time homebuyer a breeze. I would highly recommend to anyone.

Chris R

Rich is an absolute rockstar. He made it extremely easy to get through the process and as first time homebuyers we very much appreciated all the support and guidance.

Brandon P

Amazing work by Rich!

Edward V

It was great working with Rich! He provided all the information we needed to be aware of our progress of getting our loan.

Cesar T

Rich helped us secure a mortgage for our first home and was extremely good with communication, advice, and workarounds for any complications that came up. He made it so easy for us, which was extremely appreciated during the ups and downs of home searching. We would highly recommend using Rich, as he will be the first person we would think of when friends and family need a referral. We will absolutely be reaching out again when the need arises in the future. Thank you, Rich!

Sauming S

Rich helped us secure a mortgage for our first home and was extremely good with communication, advice, and workarounds for any complications that came up. He made it so easy for us, which was extremely appreciated during the ups and downs of home searching. We would highly recommend using Rich, as he will be the first person we would think of when friends and family need a referral. We will absolutely be reaching out again when the need arises in the future. Thank you, Rich!

Sauming S

It had been 15 years since we first purchased a home. Rich did a great job of giving us a refresher on the process and guiding us all the way through. Rich and his team were all personable and were easy to work with... which comes as a relief as purchasing of new construction was stressful. I would recommend him to anyone looking for a lender.

Mhirra Y

Rich was super knowledgeable about the whole mortgage process and presented information to us in a way that we could easily understand. He made the whole process effortless and did whatever he needed to do to get us to the finish line!

Tony S

Rich and his team were always available and explained everything very clearly start to finish! They were on top of it and made the experience enjoyable I highly recommending this company and team!

crwoodward23

Rich was a fantastic resource us as we were buying our first home. He was knowledgeable, a straight shooter, and communicated with us each step of the way. I can’t recommend using his expertise enough!

Maura M

Rich and his team are an amazing choice for Mortgage Lending.I am a first time home-buyer, and this team made me feel so taken care of. This team was incredibly attentive, and made the process feel much more digestible. I found this team to be prompt in responding, detailed, and easy to ask questions to.I highly recommend using Rich Honquest!

Janey D

Highly recommend! We had an outstanding experience with Rich and his team. They're fast, responsive, and knowledgable.

Laura B

Rich was fantastic! Helped answer all of my questions and was great with constant communication and checking in throughout the process. 

Jacob L

Rich was transparent and supporting through the entire process. 10/10 would recommend. Made securing a mortgage as easy as possible.

Alex R

I highly recommend Richard and his team for any of your mortgage needs. I recently refinanced through Preferred Rate (Richard and his team) as a result of a very stressful personal life change (was referred to by a friend). The professionalism from Richard and his team was second to none, and made a very difficult time for myself, far less stressful.I am very pleased with the end result.....and will be reaching out to Richard and his team for any future mortgage needs!

Zac K

This is our second time using Rich and his team in our home search, and by this time, I have come to view him as trusted advisor for our family. He is an absolute pleasure to work with, and he and his team kept things moving quickly and seamlessly at all times. I'm so grateful to have him in our corner while navigating big and difficult decisions, and I would recommend him to anyone else in a heartbeat. A big thank you to Rich and his team!

Sauming S

Rich and his team helped me with my mortgage back in 2024 and made my refinancing experience this past month equally seamless. Rich and his team were extremely knowledgeable and professional, had prompt communication, and were always willing to walkthrough step-by-step when I had questions. If you are looking for a mortgage team that will make your process easy and catered to you, you are in the right hands with Rich and his team.

Kate B

Richard does a great job. He's always there for us, responded promptly when we tried to contact him. He is very knowledgeable about the mortgage industry, helped us make our original mortgage happen and now guided us through a re-fi. Little tricks like taking control of our insurance/tax escrow so we could earn interest for ourselves rather than the mortgage company. Very knowledgeable, clever and attentive.

Rich S

Rich and team are incredible. As a first time home buyer I can’t recommend them enough. They took the time to walk us through everything we’d need to do and were very responsive and helpful every time we had questions. Go with Rich. You won’t regret it!

Vince W

Richard was absolutely wonderful to work with. He guided us every step of the way and explained everything clearly without ever being condescending. He made the entire process feel approachable and stress-free, and we always felt comfortable asking questions — no matter how small. He was incredibly responsive and got back to us quickly every time. On top of that, he offered great rates and truly outstanding customer service. We’re so grateful to have worked with him and would highly recommend him and his team to anyone!

Haley D

Rich and team were great to work with. Would highly recommend for any mortgage needs.

Wes K

Rich and team were great to work with. Would highly recommend for any mortgage needs.

Wes K

Rich and team are incredible. As a first time home buyer I can’t recommend them enough. They took the time to walk us through everything we’d need to do and were very responsive and helpful every time we had questions. Go with Rich. You won’t regret it!

Vince W

This is my second time working with Rich and he has made sure I will be doing all my closings with him in the future. He is available, attentive, and able to handle any questions you may have. I have recommended him to others in the past and will continue to do so.

Chris R

Rich is hands down the BEST person you can go to for not only your loan needs but literally anything and everything you need throughout the whole home buying process. We have now bought 2 homes with Rich and each time there has been some problem in the buying process and that’s when Rich would go above and beyond contacting whoever he needs to, to solve the problem and ensure the house buying process moves forward. Again Rich is #1

Maxwell E

Service was excellent and fast!

Martha W

Me and my husband used Rich to buy our first home and he was SO incredibly helpful. He walked us through the home buying process step by step and was always willing to go above and beyond. Will be using him for any future home needs, thank you Rich and team!

Katie P

This was our third home we purchased with Rich and we will never use anyone else. Rich and his team walk us thoroughly through every step of the home buying process to ensure it goes smoothly and we have no questions that go unanswered. Rich treats us like family and we’re so grateful he makes this process so easy for us time and time again.

Kaylie W

Rich provided amazing advice and service as I navigated a stressful loan process. He jumped in at the last minute and got it done. Above that I felt he cared for me as a person. He cared about my financial well-being. Highly recommend working with him. On point the whole time.

Elizabeth S

Rich and his team were beyond amazing. We used them to purchase our home in 2024 and then to refinance more recently. I couldn't be more appreciative (and impressed) by Rich and his team. They are so communicative, efficient, responsive, and knowledgeable--they make the process so easy for their clients! Rich would I cannot recommend them highly enough.

Anneliese K

I had a great experience with Richard. He was on top of everything during my purchasing process. He took the time to make sure I understood each milestone step, explained each step throughly. His team was also helpful.

Danielle S

Rich and his team are incredible. He made a very complicated, stressful process feel like a walk in the park. Always available to answer any of our 3000 questions in a detailed and digestible fashion. 10/10

Brian F

Rich and his team were amazing!! So knowledgeable, helpful, and supportive, offering incredible guidance through a very stressful home-buying process!

Jena G

Richard did a great job with our loan. I am retired and Richard was very creative to generate income for my loan approval. I would strongly recommend Richard's team.

Walter P

Rich H and Team were amazing! Their experience was pronounced and their communication was crystal clear! Perfect execution throughout the whole process.

David S

Rich is very knowledgeable and walked me and my husband through the whole loan process with care and patience. He made himself available to answer all of our questions promptly and made sure we we received updates throughout the whole process.

Andrea Herrera G

Rich and team are top notch! Incredibly experienced, super responsive, and a pleasure to work with!

David S

I can’t recommend Rich and his team enough! I’ve worked with Rich for both my mortgage and my refinance, and he has been outstanding every step of the way. Rich and his team are incredibly knowledgeable, responsive, and always available to answer questions. He takes the time to explain everything clearly, making even the most complicated parts of the mortgage process easy to understand. More importantly, he genuinely cares about his clients and makes sure you feel comfortable and confident throughout the entire process. If you’re looking for someone who provides expert guidance, honest advice, and exceptional service, Rich is the best. I wouldn’t hesitate to work with him again and highly recommend him to anyone looking for a lender!

Mary

Rich & his team are the best. Their communication, responsiveness, & willingness to meet your needs are second to none. Highly recommended. -2x customer (lifetime)

Mike M

I really enjoyed working with Rich. He was professional, responsive, and guided us through every step of the process. He took the time to answer our questions, kept everything moving smoothly, and made what can be a stressful experience feel much easier. We appreciated his expertise and communication throughout the transaction and would be happy to work with him again.

Ashley A

Richard and his team did a great job getting us to the finish line with our mortgage!

Laura B

Working with Richard and his team was such a positive experience. He presented different options, was patient with my questions. Very organized and professional office! Highly recommend!

Dorie O

Rich was great to work with. The seller requested a super tight closing date; and against all odds, Rich was able to get it done. He was super helpful and he kept me updated every step of the way.

Salvatore d

painless! worked with us quickly. highly recommend. Thank you

Jessica K

⭐⭐⭐⭐⭐ Exceptional Experience for First-Time Homebuyers! As first-time homebuyers, my wife and I were incredibly anxious about navigating the market, but Rich Honquest and the team at Honquest Mortgage made the entire process seamless. There are three major reasons why I highly recommend them: Outstanding Realtor Collaboration: In an incredibly competitive market, Rich worked hand-in-hand with our realtor to ensure we had a highly competitive, rock-solid offer on paper. This seamless integration was the exact edge we needed to win the home we desired. Empathetic Education: He took the time to break down complex financial terms and walked us step-by-step through the process, making us feel confident and educated rather than overwhelmed. Agile Rate Management: In a highly volatile macro environment where interest rates were changing rapidly by the hour, Rich watched the market like a hawk to secure the absolute best possible rates for us. If you want a lender who is proactive, highly communicative, and truly has your back, look no further than Rich Honquest!

Mitch C

I can’t recommend Rich and his team enough! I’ve worked with Rich for both my mortgage and my refinance, and he has been outstanding every step of the way. Rich and his team are incredibly knowledgeable, responsive, and always available to answer questions. He takes the time to explain everything clearly, making even the most complicated parts of the mortgage process easy to understand. More importantly, he genuinely cares about his clients and makes sure you feel comfortable and confident throughout the entire process. If you’re looking for someone who provides expert guidance, honest advice, and exceptional service, Rich is the best. I wouldn’t hesitate to work with him again and highly recommend him to anyone looking for a lender!

Mary M

Loan Programs

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A bright, inviting living room featuring a blue sofa, wooden chairs, and a fireplace with logs, perfect for relaxing or entertaining.
DSCR Loans (Investment Loans)

Featured

Beautiful modern craftsman-style house with a landscaped front yard and garage.
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

Comfortable living room featuring a fireplace, wall-mounted TV, and stylish decor for a welcoming ho.
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
Child on Veteran's shoulders with American flag, symbolizing VA loan benefits.
Supporting veterans and families with VA home loan options and resources.
VA Loans
USDA loan approval process for rural home financing.
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USDA Loans
FHA loan approval process with Preferred Rate for homebuyers.
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FHA Loans
Beautiful blue house with landscaped yard, ideal for low down payment mortgage options.
Charming blue home surrounded by lush greenery, perfect for those seeking low down payment loan solutions.
Low Down Payment Loans
Beautiful house exterior with porch, windows, and landscaped yard.
A charming two-story house featuring a spacious front porch, large windows, and a well-maintained lawn, ideal for HELOC loan considerations.
HELOC Loans
Happy couple working on home renovation inside a room with construction tools.
A smiling couple during a home renovation project, standing on stairs with construction supplies around them.
Home Renovation
Luxury home with a spacious driveway and well-maintained landscaping for jumbo loan financing.
Explore jumbo loan options for financing high-value homes like this beautiful property.
Jumbo Loans
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Comfortable man working on a laptop at home, highlighting flexible bank statement loan options for homebuyers.
Bank Statement Loans
Construction financing solutions for building your dream home or project. Expert guidance for seamle.
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Construction Financing
Beautiful manufactured home with a welcoming porch and landscaped yard.
A charming manufactured home featuring a spacious porch and lush landscaping, ideal for comfortable living.
Manufactured Home Loans
Colorful Victorian-style condominiums with detailed architecture and lush greenery.
Beautiful Victorian-style condominiums with intricate details and vibrant colors, perfect for condominium loan options.
Condominium Loans
Healthcare professional loan options for doctors and medical staff. Secure funding to grow your medi.
Image of a smiling doctor holding a clipboard in a medical office setting. Perfect for promoting medical professional loan services.
Medical Professional Loans
Nurse smiling with tablet, promoting first responder loan programs.
A nurse smiling while holding a tablet, highlighting loan options for first responders, teachers, and nurses.
First Responders | Nurses | Teacher Loans
Affordable community lending options for homebuyers.
Aerial view of a new residential property in a friendly neighborhood.
Community Lending
Buydown mortgage rates with temporary payment reductions.
Learn how temporary buydowns can lower your mortgage payments during the initial years of homeownership.
Temporary Buydowns
Modern two-story house with garage, ideal for bridge loan financing.
A contemporary two-story home with a spacious garage, perfect for real estate bridge loans and investment opportunities.
Bridge Loans
Expanded Income Loans for Home Improvements.
Modern house with landscaped yard and garden.
Expanded Income Loans
Loan options for international clients seeking financial solutions.
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Loans for Foreign Nationals
Home loan options for quick approval and competitive rates.
Simplify your home buying process with Preferred Rate's SmartBuy program.
Click n’ Close SmartBuy National DPA
Expanded Credit Loans living room with modern furniture and cozy decor.
Comfortable living room featuring yellow armchairs, a fireplace, and a flat-screen TV, ideal for home improvement financing options.
Expanded Credit Loans
Senior couple exploring reverse mortgage options on laptop.
Elderly couple discussing reverse mortgage benefits using a laptop at home.
Reverse Mortgages
Seller PreLock Program for homeowners to secure home sale options.
A woman reviews her home sale options on a tablet in a bright, modern kitchen, highlighting the Seller PreLock Program benefits.
Seller PreLock Program
Preferred Rate Pathway DPA Program interior design.
Spacious living room with contemporary furniture and a sleek kitchen setup.
Pathway DPA Program
Rhyze HELOC
Secure lock program for home safety and security.
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.

Home loan approval process with competitive rates at Preferred Rate. Secure your mortgage today with.
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Preferred Rate logo with financial graph and rate drop notification.
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.

Mortgage Loan Calculator

Estimate your monthly payment in seconds.

$400,000

$50k $2M+

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Principal & Interest Mortgge Loan
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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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questions

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Couldn’t find your answer?

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next step?

Set your target interest rate and we’ll notify you when it hits. No spam, just smart alerts.

  • Competitive rates
  • Expert support
  • Easy process