GuaranteedRate - Mortgage Company

Hugo Vargas

VP of Mortgage Lending
3940 North Ravenswood, Chicago, IL 60613
Contact Hugo
NMLS: 822610
Ready to start your Digital Mortgage?
Apply now

TestimonialsCustomer testimonials Read more

Hugo Vargas and his team knocked it out of the park!

Mark S. -Deerfield Beach,FL | SEP 2016

Hugo is excellent at what he does. He was great to work with. With is dedication we were able to close quickly. He handled all the headaches of dealing with underwriting and made the process simple and clear

Melissa B. - February 10, 2015

I can't say enough about Hugo's professionalism in my latest closing... From the beginning, when Hugo first met with my buyers, he took things in hand and up to the last minute-when we did not know if closing would happen- Hugo's performance was absolutely unbelievable !!! Thanks to him my buyers closed on the house of their dreams !!!

Zuser March 10, 2015

Through Hugo's great expertise is able to provide a host of services. He helped us find the appropriate mortgage for us, provided the access to a large numbers of lenders and provided details about various types of mortgages. His professionalism supported us through this process.

Joan W. April 18, 2015

Honest, Caring, Dependable. His knowledge and understanding of the process is second to none. He kept me informed along the way, contacting me several times outside of business hours in order to keep me informed and keep my closing on track. My transaction was a difficult one but his relentless dedication and attention to detail made it happen. You can depend on Hugo to research all options, give you educated advice and guide you through the process.

Eric S. June 14, 2016

We were extremely pleased with the level of service from the whole team! We felt very comfortable with the information provided and the questions asked in order to complete the very detailed loan process. We would highly recommend Hugo Vargas to our friends and neighbors!

Holly M. August 20, 2016

Without Hugo Vargas we would be still renting, with a bankruptcy and foreclosure in our past, we ran into numerous road blocks, other lending professionals would just say no they wouldn't even try to help us. Hugo never discouraged us, he found ways to help us with our dreams to be homeowners again. We are grateful for all he did for us in achieving our dream. We can't thank him enough.

Previous Customer - January 4, 2016

I referred my buyers to Hugo for financing and from start to finish he provided excellent service. Hugo is knowledgeable, proactive, professional and always keeps calm in stressful situations. He kept my clients and I informed of every step in the process and delivered on what he said he would. I highly recommend Hugo for any lending needs!

Elvia M. January 15, 2015

My Husband and I tried working with other Lenders, The agents would begin working with us but later they stopped calling us and we would never hear back from them. Hugo I. Vargas was recommended to us by Daska Ashton our new Realtor. When my husband and I met Hugo I was afraid and hesitant and to speak with him. Not only did Hugo Welcome us on a weekend day into his office but the amount of time he spent with us was totally genuine. Hugo was not only knowledgeable, compassionate, explicit he is...

Emarina S. January 6, 2015

He was one of the few people who was on top of it! He constantly kept in contact with not only me but my relator as well. His personality and professionalism made him very easy to work with. I highly recommend his services and will continue to use his company in the future.

Brittany L. January 5, 2015

Hugo Vargas helped me and my at the time pregnant fiance sell our house, secure a loan and purchase our new house in an extremely short time. Not only was he more than helpful, he is very knowledgeable. Hugo went over our paperwork which was prepared by a much less qualified mortgage broker, and completely corrected it. During the time of our purchase, Hugo had a family emergency which would have taken any normal man's attention. But, Hugo still answered phone calls, questions and even text...

Reggie A. November 14, 2014

I loved working with Hugo. He's really well versed in lending guidelines. I was told by two brokers that I couldn't qualify for a loan because I own a business and have student debt. Our process was so smooth because of Hugo. I have other friends who have used him as well. Hugo is the best!! Use him and nobody else!!

Pamela B. November 11, 2016

There is a reason why Hugo's clients say, "We Go With Hugo!" No matter how many opinions you get, one call to Hugo and you'll soon understand why he is everyone's 1st choice. I have had the privilege of working with and benefiting from Hugo's experience and knowledge for over 10 years. I first met Hugo while I was working as a realtor and Hugo was asked to help my customer's mtg. broker with a particular situation. Hugo was instrumental in getting the situation resolved to a positive outcome....

David F. May 16, 2014

I had the great opportunity of having Hugo handle the financing for my current home in Boca Raton. HIs knowledge, guidance, direction, service to me were OUTSTANDING. He left no stone unturned, no detail missed, and gave me complete disclosure and confidence at every step of the process. It's clear working with Hugo that he knows his business very well and wants and doesn't just want to do a deal, but wants you as a customer for life. He is a true professional and would recommend him highly...

Douglas M. May 5, 2014

Thanks to Hugo we were able to close quickly and efficiently..and we actually had a good time doing it! Pleasure doing business with him. We will use his services again in the future. He was available via phone, or email and responded immediately to all my questions. He is most knowledgeable about the mortgage market and what trends in the financial arena will impact the rates. I shopped around to 3-4 other brokers to find the lowest rates, and lowest fees and...WE GO WITH HUGO every time!

Jennifer G. May 5, 2016

Me and my wife had been saving for almost 4 years to purchase a new home we didn't even realize we had enough money to buy the house after going to multiple banks I was referred to Hugo gave him a call and within 30 minutes he told us no problem everything looks great to start looking for a home shortly after we gave all the necessary paperwork to Hugo we got our pre approval letter within a few days I must say I have purchased for House and this is by far the smoothest process I've ever had I...


Working with Hugo has been a pleasant experience for us. His knowledge, experience and reliability make Hugo and his company an invaluable tool to achieve the dream of owning a home with better financing conditions in this difficult real estate world.


Working with Hugo through this process of buying a home, made the experience almost too easy. He, and his staff are very responsive and knowledgeable.


Hugo took the time to understand our needs and find an option that was best for us. Time and time again I hear about people who struggle to find a quality mortgage broker who will shoot straight and be realistic in expectations. Hugo told us up front what to expect and did what he said he would do. I would highly recommend using Hugo if you're looking to get a mortgage and ensure it closes.


Outstanding. Hugo was always communicating, initiating, and most importantly getting the process complete in a timely way and one that was easy to understand.


I was referred to Hugo by a friend and I am so glad I used his services.not only does he take his job very seriously and is brilliant at what he does but he also has the capability of making you feel at ease and explains every detail with you until he is assured you understand the process.that made it much easier for me since I live in ny and was purchasing down in Florida .everything was done over the phone so you have to have trust in who you are dealing with.i highly recommend Hugo he did a...


My wife and I were looking to purchase our first home together back in April of 2015. While we were in a financial position to do so, recent career changes and challenges presented some major obstacles. Many people told me that I would not be get approved. Then I found Hugo! Aside from his constant communication and updates, Hugo maneuvered around every challenge seamlessly and professionally. I was always made to feel like I was his top priority and only client. My wife and I successfully...


Hugo was great and made my house buying smooth and easy. Highly recommended! He was helpful and very professional. Hugo is very knowledge and answered all question that I had throughout the deal.


About Hugo

Hugo Vargas epitomizes integrity, energy, hard work, and creative service in every detail of his client's mortgage transactions. Hugo is a second generation Boca Raton born and raised resident. His family has been in Boca Raton since the 1940s and he learned the "old school" business practices of his Grandfather, Lenhardt Kreuscher and Great Uncle Alfred Kreuscher at a young age. The brothers started their first successful electrical business in Boca back in 1972 called, K-Electric.

As a child Hugo was always around the senior business leaders in his family and it was through them that he learned the respectable way of conducting business by getting the job done with proper follow up and always finding a solution for clients before presenting a problem. Soon after graduating from Boca Raton High School, Hugo was offered an internship at Summit Brokerage Services and gravitated toward the banking world at the young age of 18. This was the opportunity that helped kick start his passionate professional career. Hugo still resides in east Boca Raton and is married with three children.

As a Mortgage Lender, Hugo prides himself on offering an expansive variety of programs to accommodate a borrower's financing requirements and needs, funding millions of dollars in residential mortgages since beginning his career in 2002. His goal is to provide local, national, and multi-national clients with quick, efficient, and affordable financing alternatives.

Pre-Approval and consultation is absolutely free and strictly confidential. We are looking forward to hearing from you soon!

As always by the time you are done working with Hugo, you will be able to say what all his clients say; WE GO WITH HUGO!!!

Hugo interview Q&A

What specific steps do you use to help your customers find the best home loan for them?
Steps? That is a good question... There are many steps to follow, yes. But there is one that so many lenders in this industry fail to follow. It's simply the first step of LISTENING to what the client is saying. Every client is unique. By having an open dialogue, we can discover together what loan options are best for them.
How has the mortgage industry changed since you started, and what would you expect in the future?
How about a hand written Loan Application? When I started my career in 2002, we took Loan Applications by hand. A lot has changed since then! Now we have "Digital Mortgages". But there is one change that I believe is one of the greatest achievements & changes thus far. That is TRANSPARENCY. I have grown my business since the beginning by always being transparent. Now through technology, clients have access to information with a touch of a button that was once impossible to find. I am proud to be part of a company that exemplifies transparency. With an educated client and a professional mortgage lender, clients now can truly select the perfect loan program and understand what to expect. The Future? As the lending world evolves, we will continue to provide greater efficiencies for our clients. Looking forward to the future growth.
What part of the home loan process do customers find most difficult and how do you help them through it?
Underwriting. It can be difficult for a client to understand why underwriting asks for certain items. At times they may even take it personal. How do I help? It all comes down to setting the expectation with the client in the very beginning. Spending time with my clients, gathering all the necessary information and verbalizing the process of what to expect. Communication solves 99% of any questions my clients have about underwriting. Once again, it's about being transparent.
What do you enjoy doing most in your spare time when you are not helping people with their home loans?
I am a very blessed man! My beautiful wife and I have been blessed with handsome twin boys and a beautiful daughter. My spare time all goes to them. They are my everything and I enjoy all the moments we spend together.
Tell us something that makes you unique or something wacky, yet interesting about you?
Don't laugh, this is kind of personal... When I was younger (middle school), kids would sometimes make negative remarks about my name. They would say things like "I go, we go, we all go, with Hugo"! Instead of letting that effect me negatively, I turned it around. It is now part of my Business conversations. Once you work with me you will be able to say what all my clients say "WE GO WITH HUGO"! Make it a great one!

See how easy the Digital Mortgage works

Today’s rates

Loan Type Rate APR

*Rates may vary by state. Please see Assumptions for more details.

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.

Explore loan options

Start your Digital Mortgage

Apply now