Richard Peter Hanover
Sr. Mortgage Advisor NMLS# 204514 Licensed in IL, NJ
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
Sara M
He is knowledgeable.Rich helped us through the entire process.
May 06, 2022
Carmalita T
First of all, let me start by saying that I was referred to Rich Hanover from a friend whom he assisted with financing. I really wasn't ready to purchase a home because I did not know if my credit was ready. So, I took a chance and I texted Rich to see where I was and from beginning to the end, he held my hand and walked my closing through with NOT ONE ISSUE. Exactly what he told me would happen from beginning is EXACTLY what happened. When I got weary and nervous, he calmed my nerves and reassured me through. Purchasing a home is a huge deal and there are many people that will scam and beat you out of your money...but Rich is hones and he cares about people not just making a buck. I have saved his contact information and have passed it around to all of my family and friends. He is honest and straight forward. He will not waste your time or his. THANKS RICH! ... Read More
May 03, 2022
Vern T
Rich and his team of all-stars made buying and closing on my first home as easy as checking my emails. Thank you guys for the great work, attention to detail, and friendly advice along the way. Great working with you, and I hope you can handle all the referrals I'm sending your way! :-) ... Read More
May 03, 2022
anthony o
Rich and his team were extremely helpful throughout our home-buying experience. They were patient, professional and efficient! I would highly recommend them. They get the job done!
Apr 20, 2022
Chanel P
Rich is simply AMAZING! He helped my mom get a home, she had been previously denied for mortgage somewhere else and had been living in an apartment paying rent for 20years. We closed in approximately 30 days. I am so grateful to have met him and his team, now I’m on the road to become a home owner this year. ... Read More
Mar 01, 2022
Jacqueline W
Rich is excellent in every way! He knows all the ins and outs of the mortgage process, and if he doesn't have an immediate answer, he researches questions and responds. He truly cares about his clients. I am fortunate that I was referred to Rich Hanover! ... Read More
Feb 15, 2022
Hermanise L
Mr.Hanover was nothing short of amazing. Highly recommended and very invested in making sure your loan process is successful.
Nov 04, 2021
Jasmine S
Rich was the best! He was very patient and made sure I understood the process every step of the way
Nov 03, 2021
Rob S
Richard was great to work with and would definitely recommend to all my friends. Looking forward to doing business again.
Oct 19, 2021