Sr. Mortgage Advisor

Richard Peter Hanover

Sr. Mortgage Advisor NMLS# 204514 Licensed in CA, IL, IN, NJ, PA, and TX

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(312) 468-2522 (630) 657-0650 [email protected]

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


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


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

Lawanda W

Richard was AWESOME!!!! He got everything approved with no problems it was a walk in the park no issues.

Dec 02, 2022


OMG!!!! When I tell you that Rich was very amazing from the initial application all he way down to close. He was very knowledgeable, efficient and timely. I was very impressed with his product knowledge as I am a small business owner, and he knew exactly what I needed. I was pre-approved immediately, approved within 30 days and clear to close with 45. I will use him in the future as well as recommend! ... Read More

Nov 30, 2022

Ana I

Rich and his team are GREAT and we’re very helpful. They made our first home buying experience very easy and will definitely be using them in the future.

Oct 12, 2022

Barbara B

Mr Rich was extremely knowledgeable. Always available when I had random questions. His work was effective and I am happy with the outcome of his service

Oct 07, 2022

Christy D

Outstanding job! The entire team was very helpful, professional and knowledgeable. Richard Hanover went over and above to make sure all my questions were answered, very thorough with the process and took me to the finish line. GREAT job! ... Read More

Sep 23, 2022

Yolanda W

Rich and his team is awesome !!!

Sep 22, 2022