Sr. Mortgage Advisor

Richard Peter Hanover

Sr. Mortgage Advisor NMLS# 204514 Licensed in IL, NJ

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(312) 468-2522 (630) 657-0650 rich@ratesbyrich.com

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.

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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.

  • Step 1 Connect with a Loan Expert

  • Step 2 Get Pre-Approved

  • Step 3 Make Offers

  • Step 4 Lock in your Preferred Rate

  • Step 5 Move in to your new home

  • Step 1 Connect with a Loan Expert

  • Step 2 Lock in your Preferred Rate

  • 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

  • Fixed-rate Mortgages
  • Adjustable-rate Mortgages
  • Interest-only Loans
  • Jumbo Loans
  • FHA
  • VA Loans
  • USDA Loans
  • Reverse Mortgages

Speciality Products

  • Keys On Time Program
  • Secure Lock Program
  • Jumbo Investor Loan Programs
  • Peak Loan Program
  • High Balance Solutions
  • Jumbo Solutions
  • Home Ready
  • Home Possible Advantage
  • STaR Program for First-Responders
  • Doctor Program for Medical Professionals
  • 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

equal housing opportunityNMLS CONSUMER ACCESS LINK: NMLS #1850

© 2022 American Pacific Mortgage Corporation. For informational purposes only. No guarantee of accuracy is expressed or implied. Programs shown may not include all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions may apply. Equal Housing Opportunity.

Licensed by the Dept. of Business Oversight under the CRMLA.

Licensed as Preferred Rate in AL, AZ, CA, CO, FL, GA, IL, IN, KS, KY, LA, MA, MD, MI, MO, MS, NC, OR, TN, TX, VA, WA, and WI. Preferred Rate operates under American Pacific Mortgage in NV. AZ Corp BK 1014819. CA DRE #01215943. Regulated by the Colorado Division of Real Estate. Georgia Residential Mortgage Licensee. NV MB 2941/164. Licensed under the Oregon Consumer Finance Act.

Licensed by the Illinois Department of Financial & Professional Regulation, Residential Mortgage License # MB.6761304 | James R. Thompson Center | IDPR – Residential Mortgage Banking | 100 West Randolph St, 9th Floor | Chicago, Illinois 60601 | (844)768-1713

Licensed by the Department of Financial & Professional Regulation, Residential Mortgage License # MB.6761304

The Department of Financial and Professional Regulation (Department) evaluates our performance in meeting the financial services needs of this community, including the needs of low-income to moderate-income households. The Department takes this evaluation into account when deciding on certain applications submitted by us for approval by the Department. Your involvement is encouraged. You may obtain a copy of our evaluation. You may also submit signed, written comments about our performance in meeting community financial services needs to the Department." (Source: P.A. 101-657, eff. 3-23-21.)

Licensed by the Dept of Financial Protection and Innovation under the CRMLA.

CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIALMORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.”