Christine DePaepe

VP of Mortgage Lending/Renovation Division Manager
320 W. Ohio St, Suites 1E & 410, Chicago, IL 60654
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NMLS: 170137
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Christine was the reason I used Guaranteed Rate. I had started the process with other banks but no one was able to fit my needs like Christine. The process was so simple and Christine did a wonderful job walking me through the process. I will definitely reach out again for my next project.

Veronica M. | June 2018

Christine DePaepe is outstanding! I've dreamed of buying and renovating a home for years, and Chris made the process so manageable - even to a first time buyer.

Jessica S. | June 2018

I have bought two homes in the past and used other lenders I wish that I had known about guaranteed rates because their team is amazing.

Anthony I. | May 2018

The Homestyle loan is a great option for purchasing and renovating, but it was complicated. Chris DePaepe was great!

Jayce A. | May 2018

Chris DePaepe and the whole team were excellent. Chris did a great job walking us through the whole process. We have already done a purchase and refinance in the past, but this is our first renovation loan, and she held our hands the whole way. The team was incredible and helped move things quickly to get us a closing date that worked best for us. Thanks everyone!

Brian B. | Chicago, IL

You and your team are phenomenal, thank you for your diligence and guidance throughout the process. There were many unanswered questions and ambiguous details when I met the clients, my immediate response was, “We need to call Chris DePaepe ASAP to find out if this is even possible. If the answer is yes, Chris is the person to get it done.”

Sarah & Caroline | Chicago, IL

You and your team are phenomenal, thank you for your diligence and guidance throughout the process. There were many unanswered questions and ambiguous details when I met the clients, my immediate response was, “We need to call Chris DePaepe ASAP to find out if this is even possible. If the answer is yes, Chris is the person to get it done.”

Sarah & Caroline | Chicago, I

I wanted to personally send an email to let you know that words cannot express how impressed I was with the team at Guaranteed Rate. Professional, knowledgeable, friendly and very efficient. You made this process very smooth and answered all of the many questions I had during my rehab loan process. Special thanks to Sam, Christine (you entertained my calls in the evening with no hesitation), Sadie and Chanel. You guys are the best! I will recommended you to everyone I know that is interested in...

Debbie C., MBA | Chicago, IL

Everyone that I worked with along this journey was VERY helpful and gave GREAT customer service! Customer service is very important to me and I appreciate the way in which I was handled throughout this journey. THANK YOU Chris DePaepe and ALL of your wonderful team members for a success business relationship and helping me acquire and fulfill some important goals in my life.

Charles G. | Chicago, IL

The entire process went smoothly and everyone involved was very knowledgeable and professional. Plus, if we needed to get a hold of Christine or anyone else to answer a questions, we were able to without delay. This was a good experience and we would like to thank everyone for all of their hard work.

Siroon H. | North Hills, CA

Christine DePaepe was very accessible and knowledgeable. She was always present, ready to answer any questions I had. She walked me through the process and I never was left wondering what came next...she was on top of things from the beginning. It was a very pleasant experience.

Meghan O. | Chicago, IL

Chris and her team were all amazing! They were all super responsive to any questions and were an absolute pleasure to work with. Special shout out to Jennifer and Makena who really went above and beyond! (and of course Chris too).

Stephen O. | November 2017

Chris, Matt, & Makena were all FAN-freaking-tastic!!! Thank you all for your hard work, I will be back for a R/T refi in a few months.

Lauren L. | Lakeland, FL

I would like to thank Christine Depaepe and her team. We just closed on a Home Renovation loan. They made this process easy for us. I appreciate the responsiveness and willingness to help. I will definitely use their services should I need them in the future. I want to again thank Christine Depaepe, Courtney Crary, Makena Levine, Sadie Morales and Joe DiLucchio.

Angie W. | October 2017

We were referred by a friend, and, as first-time home-buyers, we walked into Christine DePaepe's office not knowing much of anything about what we needed to be doing... but she helped walk us through the process and gave us some direction, and even though we were under contract three times, with a couple of deals falling through, she and her team continued to work with us until we finally found the right home. We feel confident that we got a great deal, thanks to Chris and everyone on her team!

Adam G. | September 2017

Christine DePaepe and her team were very diligent and helpful throughout the process of our construction loan. Guaranteed Rate always excels in their service. We highly recommend anyone to do business with them.

Marcus M. | Chicago, IL

Christine and her team were dedicated and thorough. They worked hard with me every step of the way. It was a long process due to a variety of things, but they were patient and helpful and for that I'm very grateful and couldn't have asked for a better team. Thank you!

Theodis T. | Chicago, IL

Chris and her Team made the 203k home renovation loan so easy! I was on my third mortgage lender for renovation loan and they made it happen so quickly and efficiently!

Cassandra M. | August 2017

Chris and her team in the renovation department were wonderful. Without their help and guidance, I do not believe that we would have made it through this process. Now to get the work done and invite them all to our housewarming!

Greg B. | Chicago, IL

Chris DePaepe and Tim Mieling and their entire teams were tremendous at helping us get a complicated loan situation done very quickly so that we could close on time. They were very communicative and helpful at answering questions and everyone worked very efficiently. We were incredibly pleased with our experience with them.

Jodi J. | Chicago, IL

“Chris Depaepe has facilitated 3 house purchases & one refinance for us now and her knowledge and assistance through the process is unparalleled.”

Ryan M. | 07/11/2017

Chris DePaepe was incredible and went above and beyond! We have been working with her for about a year and a half, as we originally were going to do this addition last year. When we decided to move forward this year, she was always available and in constant communication. When it appeared that our project wasn't going to get done (due to a lower than expected appraisal), Chris kept brainstorming until she came up with a viable solution. Her persistence is what got this loan closed! Thanks to...

Gary M. | Warrenville, IL

I started the Fannie HomeStyle process with another lender that I've previously worked with on rehab loans. Due to issues with the company issuing disclosures, I had to switch mid-process. Chris DePaepe was recommended by multiple people. We had a conversation about the property/situation, and within hours, I had everything needed to move forward. Process was very professional, easy to follow, and user-friendly. Greatly appreciate the hard work, effort, and exceptional communication throughout...

Eric G. | Chicago, IL

Everyone on my loan team was fantastic. Makena, Chris and Jennifer helped me and my fiancée close on a condo in 32 days! Being first time buyers with complicated incomes, the team was with us every step of the way, helping to guide us and counsel us concerning confusing/frustrating procedures! I'm sitting here today with the sun shining in my new place and I couldn't be happier. Thanks team!

Ira A. | 05/18/2017

Christine worked with us for almost a year while we searched for houses that would require a conventional loan or a renovation loan. She put in a lot of effort to educate us on the renovation loan process and was supportive in our initial home offer with a renovation loan. Ultimately we decided against it, and went for a home that required a conventional loan. She and her team provided superior support during that process and Christine was always very responsive (even late into the evenings)....

Andre H. | 05/03/2017

What a smooth process. What I liked most about my experience is how the team explained everything to me and didn't assume I know what is going on. As a first timer I honestly was completely clueless and it's hard to admit. The team made me feel comfortable and it is apparent they know how a first time buyer thinks! Thank you Chris and the awesome team!

Monica W. | Chicago, IL

Chris DePaepe and her team were amazing. She always made time to answer any questions we had. Would highly recommend Guaranteed Rate to everyone!

Tim F. | Evergreen Park, IL

Christine was amazing. She was extremely responsive and helpful every step of the way. Thank you Christine for making my home buying experience a great experience!!

Yolanda M. | Chicago, IL

I had heard there were a lot of "hoops" to jump through for a renovation-type loan, however, Chris DePaepe and every member of her team made the process as smooth and pain-free as possible. Everyone involved at GRI was very responsive and helpful through each step. Thank you for all your hard work in making our home purchase possible!

Jesse P., New Jersey

Christine DePaepe and Chad Takach provided incredible customer service; always took my calls, answered questions, helped facilitate and expedite this process, and I ended up with an incredible loan.

John C., New Orleans, LA

About Christine

Over the course of a 20 year career, I have been actively involved in the mortgage lending industry, specializing in FHA, VA, renovation, commercial, jumbo, and super jumbo loan programs for residential homes, condos, and townhomes throughout Chicago-land and in all 50 US states. I was noted as one of the first renovation loan specialists in the Chicago area and came to Guaranteed Rate in 2011 to start the home loan Renovation Lending Division. I have a dedicated team of 17 staff members who can close renovation home loans in 45-60 days. My staff includes a team of dedicated underwriters to close all renovation loans, junior underwriters who pre-approve all borrowers, four supporting loan officers, architect to oversee the consultant and contractors, and a draw department to manage the construction funds. In an accolade by the Chicago Sun Times' nationally syndicated columnist, Terry Savage, my overall expertise in the industry has been highlighted as well as my in-depth knowledge of Fannie Mae's DU Refi Plus and Freddie Mac's Open Access refinance programs. I also have experience closing short sales, Real Estate Owned/Bank Owned properties, and City of Chicago programs for first time or repeat buyers. I present both locally and regionally to share my industry knowledge, specifically about renovation lending and how real estate agents can use these programs as a tool to increase their closing transactions and move hard to sell listings. I have been noted by the Scotsman Guide as a top 20 FHA Volume Originator for the past 2 years consecutively and also named to the Guaranteed Rate's President's Club for the past 4 consecutive years. I am a graduate of Rosary College in River Forest, IL with a degree in Business and a DePaul University graduate with an MBA in Finance.

Christine interview Q&A

How long have you been in the mortgage business and what inspired you to get into it?
I've been actively involved in the mortgage industry since 1996 and have the experience and knowledge with a variety of loan programs such as FHA, VA, TaxSmart, Chicago Public Schools Teacher and first time home buyers. I am also a Renovation Loan specialist and enjoy educating other loan officers, Realtors and clients about these truly amazing and timely loan programs and how it can turn an ordinary house into a dream home. Purchasing a home is an exciting time in a person's life and educating a borrower and Realtors is critical to the success of purchasing a home. Even though it can be a stressful and long process, it is my goal to make the home loan process as painless as possible so that my clients are armed with the right information and we can get to the closing table as quickly and efficiently as possible.
Tell us about a mortgage product that consumers may not be aware of?
Many borrowers that I have worked with are not familiar with a home renovation loan. These are great programs for home additions, estate sales, outdated properties, or foreclosed properties that need major or minor repairs. You can use these rehab products on a purchase or a refinance and it allows for rehab work to be included in the loan. There is a conventional loan product and a government insured product. Both are renovation loans with slight variations in guidelines and borrower qualifications. Typically there is an FHA certified consultant that oversees the repairs along with the General Contractor who completes the work. All work must start within 30 days of closing and be completed within six months. A complete rehab of the property can be done as long as the entire foundation systems remains in place. It can also be used to convert or de-convert multi-unit dwellings. I can also secure renovation funds for one unit investment properties.
What are the top 3 misconceptions people have about the home loan process?
"Low down payments are a thing of the past." While it is true that "no money down" loans are restricted to VA loans with full entitlement, FHA loans have down payments starting at 3.5% and also allow gifted funds from family members to help cover the down payment. "I've purchased a home/property before so the loan process should be fast and easy." While you may be an experienced buyer working with an experienced lender, the mortgage industry has changed a lot over the past six years and there are many more lending guidelines and regulations in place these days. Many documents need to be provided up front and verified again before closing. Sometimes there are unforeseen bumps in the road that arise during the underwriting process. The underwriting department needs to again verify all of the information in your file to meet lending guidelines. If they ask you to submit more documents to justify your information, it is important to provide it to them in a timely manner. Also, for loan amounts over $417,000, the lending guidelines are much tighter now. In the past jumbo loan borrowers did not need to provide much information on a loan application. This is a 360 degree turnaround and jumbo loans go through much more scrutiny now. "I had a bankruptcy, short sale or deed in lieu and I need and excellent credit score of 800 or more to qualify for a home loan." Not exactly. The higher your credit score, the more attractive you are to a lender, but a typical qualifying credit score for a loan is between 620-640. But remember, your credit score also affects the interest rate you qualify for, so be sure to check your credit report for accuracy. Also, if you had a bankruptcy you can qualify for a home loan two years after the discharge, and for a short sale or deed in lieu, it is just three years after the date of the short sale.
Summary of where you grew up: family, affiliations, college, high school, etc.
I am a life-long Chicagoan - born and raised on the North Side and have never strayed far from the Windy City. I graduated from Rosary College in River Forest with a degree in Business and then went on to DePaul University where I earned an MBA in Finance. I love working with numbers, so my Masters in Finance is put to good use when determining what loan programs best meet my borrower's individual financing needs. In my free time, I enjoy all things Chicago - cheering on our professional and college sports teams, raising funds for local charity organizations, boating and water sports on Lake Michigan and spending time with my family.
Tell us something that makes you unique or something wacky, yet interesting about you?
I love to wake surf and cook gourmet meals. If I wasn't a loan officer in the mortgage industry, it would be my dream job to be a professional chef.

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