Richard Peter Hanover
Sr. Mortgage Advisor NMLS# 204514 Licensed in CA, IL, IN, NJ, PA, and TX
1801 S. Meyers Rd Ste 500
Oakbrook Terrace, Illinois 60181
Branch License Number #1962205
About Richard Peter Hanover
Your mortgage is personal, and I understand that.
Richard Hanover is a Senior Mortgage Advisor at Preferred Rate in Oakbrook Terrace, Illinois. He brings 15 years of mortgage experience, along with 5 years of financial services experience. He has worked in the mortgage industry both as a Mortgage Advisor and a Sales Manager. He is also well versed in every aspect of his clients’ financial needs; as he spent several years at an investment bank on Wall Street in New York City.
Richard was born and raised in Brooklyn, New York, and has lived in Chicago for seven years. He works on a team along-side 5 Loan Officers, 2 Loan Officer Assistants, and a Loan Processor. His target markets are the Chicagoland area the New York Metropolitan are. As a licensed Mortgage Loan Originator, he has always strived to deliver fair, competitive closings, in an efficient and timely fashion. His specialties are First-Time Home Buyer Purchases, FHA, VA, Conventional and Jumbo Loans.

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 Richard's clients have to say
Hayder A
Richard was the best loan officer I could have asked for!! Everything went smooth from applying for the loan to closing on the house. Thank you Richard and Preferred Rate!!!
Sep 15, 2023
demond stokes s
Great Job!!!!
Sep 08, 2023
Keianna B
Rich was awesome and extremely thorough!! He made the process go smoothly for me and was there to answer my thousands of questions. I would highly recommend him if you’re in the market for a home! Rich will get it done
Jul 13, 2023
Syed Raza A
Excellent loan officer and very knowledgeable. He assisted us with the purchase of our new home and the entire process went very smoothly. Highly recommend him and his team! A++++++
Jun 21, 2023
Kiarra P
I WENT THROUGH TO OTHER PPL ONS LAST U AND WAS GOING THROUGH SOME ONE NEW THE BEGINNING OF THIS YEAR AND I WASNR ACCOMPLISHING ANYTHING AND THEY WAS REALLY HELPING ME TRY TO REACH MY GOAL UNTIL NOW WHEN I DECIDED TO GO THROUGH RICH AND THEM AND LOOK IT TOOK ME NO MORE THEN 4 months AND NOW IM A HOME OWNER THANK YOU JAMES RICH BRAIN ALL OF ALL 🥰🥰 ... Read More
May 26, 2023
Yolanda H
Rich and his team Definitely jumped through hoops to get me and my family in our dream the entire team special mention to Rich,Allen, & Morgan these guys are my heroes they walked with me hand in hand throughout the entire process and even after each one checked up on me and my family thanks to them and dedication to show & prove we are now very blessed and extremely grateful home owners 5star isn’t close but it’s all I’m allowed to rate ... Read More
Mar 25, 2023
P M
Rich is absolutely amazing. Great for first time home buyers. He was very straightforward and informative. I just don’t know how we could have done this without him. Highly recommended!!!
Jan 19, 2023
Bridget
I have only been working with Rich for a few couple of days and I am already on track to my first home. I am so happy with the help so far and I know that I will be getting my first home soon.
Jan 16, 2023
Annie S
He was very pleasant and patient with me for my first time! He took the time to make sure everything was correct and to our liking. I would highly this company!
Dec 15, 2022