Mortgage Advisor

Shaughnessy Rice

Mortgage Advisor NMLS# 763729 Licensed in IL and IN

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4.9
(44 reviews)
(217) 721-0197 (217) 953-4354 (Fax) [email protected]

1801 S. Meyers Rd. Suite 500
Oakbrook Terrace, IL 60181
Branch License #1962205

About Shaughnessy Rice

Your mortgage is personal, and I understand that.

I have been in mortgage lending for over 25 years and I love what I do. I offer speed and service at a great rate. I specialize in all aspects of residential mortgage lending, from custom building projects to loans that may have extra hurdles to jump, I'm happy to help you secure the home you're looking for. I have an excellent team to work with you through the process, including my wife and sales partner, Michelle. Call or text me at 217-721-0197 and my email address is [email protected]. Thank you!

I have been in mortgage lending for over 25 years and I love what I do. I offer speed and service at a great rate. I specialize in all aspects of residential mortgage lending, from custom building projects to loans that may have extra hurdles to jump, I'm happy to help you secure the home you're looking for. I have an excellent team to work with you through the process, including my wife and sales partner, Michelle. Call or text me at 217-721-0197 and my email address is [email protected]. Thank you!

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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
Buy a home Refinance

See what Shaughnessy's clients have to say

Shawn Love M

We almost lost the house. When the original financing fell apart, I thought my daughter’s first home was gone for good. Then our mortgage broker stepped in and completely turned the situation around. They moved with lightning speed, problem-solved at every turn, and guided us through so I could co-sign without a shred of doubt. Their expertise, determination, and steady communication saved the deal—and my daughter’s dream. I’ll never forget what they did for us. ... Read More

Aug 13, 2025

Martice H

The best decision ever!!! Self-Employed and an Independent Contractor is nearly impossible to get a loan/funded or taken serious sometimes. Though Shaughnessy and Michelle welcomed the challenge and not only got me funded and now living in my first house… but at a rate that my friends are surprised about!!! They are Stellar!!! A Power Duo!!! Hands Down!!! I’d recommend anyone to work with them. They’re One In A Million… Preferred Rate!!! ... Read More

Jul 16, 2025

Martice H

The best decision ever!!! Self-Employed and an Independent Contractor is nearly impossible to get a loan/funded or taken serious sometimes. Though Shaughnessy and Michelle welcomed the challenge and not only got me funded and now living in my first house… but at a rate that my friends are surprised about!!! They are Stellar!!! A Power Duo!!! Hands Down!!! I’d recommend anyone to work with them. They’re One In A Million… Preferred Rate!!! ... Read More

Jul 16, 2025

Riyash P

Super easy to work with, and Shaunessy and Michelle helped me with the entire process

Jul 07, 2025

raissa l

Excellent work, kind people, very professional 

Mar 27, 2025

Octavio M

Shaughnessy and his team were AWESOME! They worked very hard to ensure my family and I were able to get our home. They made us feel like we were a priority at all times. The home buying process is overwhelming and they were very patient with us and they were outstanding in walking us through the process. Their continued support and optimism helped my wife and I feel at ease. Shaughnessy is extremely knowledgeable and I would absolutely recommend him and his team to my family and friends.  Thanks again for all of your help!  ... Read More

Dec 27, 2024

RUDICK B

Cool officer, help and support clients 24/24.

Nov 03, 2024

Anthony N

Shaughnessy met with us and helped us make a financial plan a year prior to us finding our new home as being self-employed it can be a tricky process. And then with the support of Michelle getting in all of our paperwork to underwriting they helped us execute the loan and purchase. There was bumps at the end due to the title of the seller but Shaughnessy updated us effectively through the process. We appreciated their patience with everything. Thank you! ... Read More

Aug 24, 2024

Anthony N

Shaughnessy met with us and helped us make a financial plan a year prior to us finding our new home as being self-employed it can be a tricky process. And then with the support of Michelle getting in all of our paperwork to underwriting they helped us execute the loan and purchase. There was bumps at the end due to the title of the seller but Shaughnessy updated us effectively through the process. We appreciated their patience with everything. Thank you! ... Read More

Aug 24, 2024

See all reviews

equal housing opportunityNMLS CONSUMER ACCESS LINK: NMLS #1850

© 2025 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. www.apmortgage.com

Refinancing may result in finance charges that may be higher over the life of the loan. Consult with your loan advisor for details.

This site is not authorized by the New York State Department of Financial Services.  No mortgage solicitation activity or loan applications for properties located in the State of New York can be facilitated through this site.

Licensed as Preferred Rate in AL, AZ, CA, CO, FL, GA, IL, IN, KS, KY, LA, MA, MD, MI, MO, MS, NC, OK, OR, TN, TX, VA, WA, and WI. Preferred Rate operates under American Pacific Mortgage in NV. AZ BK 0906702. CA #01215943. Regulated by the Colorado Division of Real Estate. Georgia Residential Mortgage Licensee. NV MB 164. Licensed under the Oregon Consumer Finance Act. OK MLO13426.

Licensed by the Illinois Department of Financial & Professional Regulation, Residential Mortgage License # MB.6761304 | James R. Thompson Center | IDPR – 555 West Monroe Street, 5th Floor Chicago, IL 60661 | (888) 473-4858

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

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.)

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.”

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