About Peter Monachello
For nearly 20 years, Peter Monachello has helped thousands of homebuyers and homeowners secure the right mortgage to achieve their financial and homeownership goals. As Vice President of Mortgage Lending at Rate, Peter is known for his consultative approach, clear communication, and ability to simplify the mortgage process for clients across Illinois and the Midwest. Peter specializes in first-time homebuyers, move-up buyers, refinances, VA and FHA lending, investment properties, and self-employed borrowers. His deep understanding of loan products and local real estate markets—including Morris, Minooka, Joliet, and the greater Grundy and Will County areas—allows him to tailor mortgage solutions to each client's long-term financial strategy. With a reputation for exceptional service, Peter has earned a 100% client satisfaction rating and continues to grow his business through repeat clients and word-of-mouth referrals. He leads a high-performing mortgage team built on accuracy, responsiveness, and a commitment to delivering a smooth, stress-free transaction from pre-approval to closing. Peter believes that a mortgage is more than a loan—it's a life decision. His mission is to empower clients with clarity, confidence, and a personalized plan they can trust. "There's no one-size-fits-all solution. My goal is to give every client the right mortgage strategy for their financial goals—today and for the future." — Peter Monachello **Areas of Expertise** * Conventional, FHA, VA, USDA * First-time homebuyers & move-up buyers * Refinance & cash-out refinance * Investment properties * Self-employed borrowers * Local programs & grants in Illinois * Mortgage planning & long-term strategy
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Located at 223 N. Liberty St., First Floor Morris IL, 60450


