Billy Rapka

VP of Mortgage Lending
20646 Abbey Woods Ct N, Ste 203 & 204, Frankfort, IL 60423
Contact Billy
NMLS: 1324696
Ready to start your Digital Mortgage?
Apply now

TestimonialsCustomer testimonials Read more

It was wonderful to work with Billy and Colleen with our refinance. They made the process easy and Billy was always there to answer any questions we had. We will definitely use Guaranteed Rate again in the future. Thank you so much for all of your help!

John K. | April 2018

My contact with the loan officer, Billy Rapka, was excellent!

James F. | February 2018

Billy Rapka and his team were amazing! From the very first step to the closing table they made it stress free! I am 100% satisfied.

Kristen D. | November 2017

This process was by no means easy and I hope to never go through this again. With that said, Billy and Colleen did there best to keep the ball rolling and today I can say that my family is living in our dream home in part because of your team. Billy and Colleen both demonstrated immense persistence and resolve to help reduce the stress of this difficult task. Thank You!!!

Francesco D. | October 2017

Excellent service all around. Thank you for a smooth journey on the purchase of my new home.

Brian K. | September 2017

Billy Rapka was our mortgage lender and was outstanding. He went out of his way to make sure things went smoothly and was very patient with us. We appreciate his hard work and hope to continue to send him referrals in the future.

Justin L. | August 2017

We closed in record time and very satisfied with the overall experience with guaranteed rates.

Christopher F. | August 2017

It was a pleasure working with Billy Rapka and his Team at Guaranteed Rate. Billy was very helpful from the start and helped me with my credit and getting pre-approved. Being a first time home owner I didn't know what to expect. Billy made sure all my questions were answered from the beginning to the end. I wouldn't be in my new house if it wasn't for him. Thank you Billy for everything you did for me!

Lisa S. | August 2017

Billy Rapka was our loan officer. He is one of the most professional people I've ever worked with. I cannot explain how grateful we are for everything he did. From beginning to end he kept us informed and we never felt like we were left out of anything.

Craig S. | August 2017

Billy and his Team made the process very smooth. He was always available and answered every question we had. Glad to have worked with him.

Sean H. | August 2017

Billy Rapka and his team did a great job of making my home buying experience a pleasure. They worked quickly and professionally throughout the whole process. They kept me up to speed with things that were going on and made sure all the paperwork was right before we proceeded to the next steps. I felt very confident and comfortable in the team's ability to get me the best loan while looking out for my best interests. I have and will continue to recommend Billy and his team to anyone I know...

Ryan D. - June | 2017

Billy Rapka went above & beyond to help me through this home buying process, he made sure I understood everything along the way which was a huge help since this was my first home buying experience. I would highly recommend him & Guaranteed Rate to anyone! I am so happy to finally be home!

Briana D. - May | 2017

Billy Rapka and Guaranteed Rate made our home buying purchase easy! Thanks for everything!

Adam K. - April | 2017

Billy Rapka, was outstanding! I suspect he will be running the company someday!! Billy was empathetic, responsive, and proactive!

Greg S. - April | 2017

Billy, I want to thank you for all your help and especially your patience with me. I never thought I would ever get a loan after all we’ve been through, but your persistence and your no-quit attitude got everything done for me. I have never experienced what you did for us because with the other places I dealt with throughout the years were all just business as usual. I appreciate your efforts and I will tell anyone else looking for a loan to contact you! Thank you so much.

Lupe P.

Billy, thank you so much for the great service. I just rated all to ratings for you. Thanks so much for getting us that awesome rate. You are the man!!!

Chris B. – 11/17/2016

We had such a pleasant experience with Guaranteed Rate. Billy Rapka was our loan officer and he was amazing every step of the way. He was always keeping us informed and notified as to what was going on with our loan. He worked tirelessly day and night to ensure our family was able to purchase the home of our dreams. He always did it with a smile on his face and made this so seamless and easy for us. Thank you!

Henry E. – 7/19/2016

Billy Rapka made the whole process quick and easy. This is my second refinance through Guaranteed Rate, and I would not hesitate to use Billy again if needed! Billy and his team are GREAT!

Brian L. – 5/9/2016

The entire loan processing team was stellar, painless. They were extremely timely in responding to all of my questions and concerns. I found them to be professional and as concerned for me as I was for myself. Billy Rapka went above and beyond to accommodate any issues, addressing any anxieties that I had during this process. He was available at every turn. Billy is a true asset to Guaranteed Rate, promote this person, reward him for his integrity. I would also like to comment on the...

Kristine B. – 6/21/2016

Billy answered all of our questions all along the way and was available to address any concerns that arose, even though there weren't very many. From start to finish this has been by far the most pleasant experience with a lending institution that we have ever had and that is saying a lot. I have a background in new construction sales and had to pre-qualify homeowners before sending them to our mortgage company, so I knew what I was in for with the paperwork. I had no idea that a refinance...

Joshua J. - 04/21/2016

About Billy

A little about me. I was born in Chicago and raised by two working parents that taught me the value of hard work. I attended Oak Forest H.S. and was a member of the Football team and DECA business program. I continued my college career playing football at MVCC and Grand Valley State University. My junior year I transferred to Northern Illinois University and Majored in Business Management. When I graduated I started my career as a supervisor at the Empress Casino where I met my wife, together we have two beautiful girls. I left the gaming industry to pursue my dreams and passion for finance. What I enjoy most about being a VP at Guaranteed Rate is the gratification that comes from helping people, whether it is getting them into a new home or just being available to answer their mortgage question. At the end of the day knowing I helped a family with their mortgage needs is what I find most rewarding here at Guaranteed Rate.

Billy interview Q&A

Who is your typical customer and what questions do they typically have?
Many customers ask what is the difference between a Bank and Guaranteed Rate. Which is a good question... Here at Guaranteed Rate we simplified the mortgage process, we've been able to find ways to keep the mortgage rates we offer lower than our competitors. Ranked as the 8th largest retail mortgage lender in the U.S. With a bank they are only available for you during banking hours. Integrity is the cornerstone of my business. I believe a mortgage should be about building relationships, and helping my customers achieve their home financing goals, not just a transaction.
What advice would you give new or first time home buyers?
The best advice I can give any home buyer is to get pre-approved first, before you go out looking for that dream home. Take the time to understand the process, make sure to ask questions and communicate with your VP. Communicating is imperative in building a trusting relationship with your VP during this exciting time in your life. I want my clients to enjoy the home owning process and have fun with it.
What can borrowers do to insure a smooth mortgage underwriting process?
As a borrower it is important that you know at Guaranteed Rate we have one of the best underwriting teams that is working to get your loan processed in a timely manner. I always take the time to introduce my clients to my team and explain how critical it is to communicate with my team, so that the process runs smooth. At Guaranteed Rate, I dedicated my career to helping families realize their dreams and overcome adversity that might have prevented them from owning their dream home. I am always available to my customers, whenever they need me! Communicating plays a key role in making this process an enjoyable one.
Summary of where you grew up: family, affiliations, college, high school, etc.
I was born and raised in the South Suburbs of Chicago. I attended Northern Illinois University and was a member of the Delta Upsilon Chapter. I have been married for over 13 years to one of the most generous, kind and supportive people I have ever met. Together we have two beautiful girls and a new addition, Diesel, a Boston terrier. Who fits in perfect with our high energy family, he loves to play fetch with the branches that fall from the trees!
Tell us something that makes you unique or something wacky, yet interesting about you?
I like to garden with my family. I really enjoy the whole process, from getting the soil ready to planting the seeds and watching it grow. The best part is picking the vegetables and preparing a meal with my family on a warm sunny Sunday afternoon. Working together as a family, to see the excitement and joy on my girls faces when they take their first bite out of the sweet juicy tomatoes they picked. Knowing all the hard work to get there paid off. It's the simple things in life I truly enjoy and spending time with my family!

See how easy the Digital Mortgage works

Today’s rates

Loan Type Rate APR

*Rates may vary by state.

Check rates and get approved online right now in just minutes! Or give me a call and I’ll answer your questions and guide you through the process!

Intuitive Loan Finder

Our Intuitive Loan Finder lets you sort by lowest monthly payment, lowest interest rate or the right loan term.