Senior Mortgage Advisor

Richard Peter Hanover

Senior 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

Joseph C

Very satisfied with the service and the prompt ability to closing my loan

Mar 22, 2021

natalia t

I had a great experience working with Richard! Very professional, prompt, compassionate and helpful!!! I would recommend to all my friends who are interested in taking a mortgage loan! Thank you! Amazing job!

Feb 24, 2021

Kathryn D

Working with Richard was a pleasure. I can tell he is very experienced and made the refi process so quick and easy for me. I would for sure recommend him to anyone looking to buy or refi their home.

Feb 09, 2021

Saghar B

Excellent service. It was a pleasure working with Rich. Rich is a professional with a lot of knowledge in this field. He is helpful, a good listener and pays attention to every detail. I highly recommend him.

Dec 31, 2020

Randy J

It was a great pleasure working with Richard Hanover. Great guy, very professional.

Nov 24, 2020

Syed R

Excellent service!

Nov 13, 2020

Eddy M

Rich is absolutely amazing. Hard working guy who will always have your best intention in mind. Not only will I refer him to others but I will continue to use him in any future home purchases or refinances.

Nov 07, 2020

Farah N

Rich was awesome throughout the loan process! I had shopped around with multiple loan companies, and his level of service and communication was a notch above the rest. Not just that, but he was able to secure the best rate and terms for my mortgage loan compared to other lenders. He was such a pleasure to work with and I will be recommending him to everyone I come across! ... Read More

Nov 05, 2020

Ardian B

Rich was very professional and was always very prompt with his response time. He was also very detailed which helped me understand every step of the refinance process.

Nov 02, 2020