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Ronald Peake

VP of Mortgage Lending/Renovation Specialist
320 W. Ohio St, Ste 410, Chicago, IL 60654
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NMLS: 254862
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The team at Guaranteed Rate made the stressful process of purchasing a home such a pleasant experience. They were there to answer every question and concern I had, usually in minutes via e-mail or immediately over the phone. I was shocked at how available and responsive they were. Michele Stanisch and Ron Peake were incredible to work with, personable and knowledgeable. I have already tried to get my brother who is in the process of a 203K loan to ditch his process and start again with...

Nathan M. - August | 2017

I was very nervous about this loan and any time I had concerns I had everything explained to me in a very friendly and helpful way. I am very happy with my loan service!

Mary L. | 07/11/2017

Ronald Peake was very helpful through the whole process and answer multiple phone calls from me with questions that came up.

Kyle S. | 07/06/2017

My loan officer Ronald Peake was great! So friendly and personable.

DaJah L. | April 2017

Just wanted to let you know we are finally in our new home. With all the renovations completed, we have a new home on the interior. Almost every surface of the home was painted, finished, or updated in some form. We could not have had this home without the help from Ronald and his team. The process was tedious, but now that it's over it was all worth it. We are in the home we want to be in and in the neighborhood we want to be in. Good luck to you in the future. Keep doing what you are...

Denton H. - February | 2017

Ron, Andrew, and Chanel are awesome at what they do. I will be working with you all in the very near future.

Erick G. Chicago, IL

Shimi and Ron did a fantastic job. They were very receptive to all my questions. They helped me resolve issues along the way. I really benefited from their mortgage expertise on home renovation loans.

Abraham W., New Jersey

Closing is done and construction has begun! We sincerely appreciate all of your hard work in getting this process completed quickly. It is hard to believe that we signed the contract on March 3 and closed on April 29. You and your team were absolutely amazing and we couldn't be happier. Thank you for guiding us through a very difficult process under very short time constraints.

John B. Cincinnati, OH.

Guaranteed Rate went above and beyond working with my family to obtain a loan. We made many changes throughout the process, and they were there every step of the way, even on nights and weekends. We appreciate all they have done, especially Mr. Ronald Peake.

Thomas C - Chicago, IL | Feb. 2016

Thank you, Ron Peake and renovation staff! Your personal attention was amazing. A short sale complicated by a construction loan is challenging to say the least. Your dedication to getting it done never faltered and I'm very grateful.

Joan B. Chicago, IL

Ronald Peake went above and beyond working with my family to obtain a loan. We made many changes throughout the process, and they were there every step of the way, even on nights and weekends. We can’t thank you enough!

Thomas C., Chicago, IL

“Ron Peake was very helpful throughout the process. 203k loans are tricky products but your team has the skills to get them done and quickly. Kudos!”

Daniel V. Chicago, IL

Ron was a great help! He was professional and knowledgeable about the process and shared information with me along the way which really helped. He took every one of my 1 million phone calls with a great attitude and was always there to help.

Kelly M., Lansing, IL

Just wanted to let you know how happy my husband and I are with our house and I can say without a doubt that the journey was so worth it! The renovations are nearly finished and it is more than we could have hoped for! Our puppy loves it too! I would recommend you to anyone I come across and I have had a lot of friends thinking about their own homes now that they saw we could do it! Thank you for all your hard work that you put in and the late hours you stayed at work to help work out the...

Rachel W. 4/21/2015

About Ronald

I've been doing mortgages for 22 years, renovation loans for about 10 of those years. Coming out of the Marine Corps, I want a job that would challenge me, but also fit my personality. I have been always good with numbers and people, and mortgages were the perfect fit.

Born in Detroit, I moved here when I was 5 years old, and I grew up just outside the Southside of Chicago, in Oak Lawn. I currently live in Homer Glen, with my wife and 3 children.

Ronald interview Q&A

How long have you been in the mortgage business and what inspired you to get into it?
6/30/2016 15:30:13
What specific steps do you use to help your customers find the best home loan for them?
I work in the Renovation Department, so I get more questions than most. Most people don't even know these great loans exist. So educating them and their realtor on how we can make that diamond in the rough shine!
How has the mortgage industry changed since you started, and what would you expect in the future?
Homestyle! This is a conventional renovation loan, that follows normal guideline of a regular old boring mortgage. You still only need 5% down, and that money can be all gift. The only hard part about this loan is finding a good contractor. If you are thinking about a renovation loan, great! Find a contractor before you go out looking at houses.
What are the top 3 misconceptions people have about the home loan process?
Doing renovation loans, it's really all about the contractor's bid. Contractors are great with hammers and nails, but in most cases, are not good with pen and paper. Letting me know what to expect upfront is always key.
What do you enjoy doing most in your spare time when you are not helping people with their home loans?
Getting a simple thank you from a customer. Knowing I helped them achieve the American Dream, if it be their first home or their last home.
Cooking relaxes me. Having all four burners going, and pie in the oven. Just make sure you stay out of way if your in my kitchen.

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