The website serves three primary functions: checking rates, applying for a loan, and managing an existing application.

PreferredRateCom is a matching service, not a direct lender. Rates shown are estimates and depend on your credit history, loan amount, and term.

Lenders care more about DTI than credit score. Calculate it before applying: (Total monthly debt payments / Gross monthly income) x 100. If your DTI is above 40%, you may struggle to get approved. Consider paying down small debts first.

Unlike "big-box" banks, Preferred Rate focuses specifically on residential lending. This specialization allows them to offer a more diverse range of loan products tailored to specific financial situations, from standard conventional loans to specialized government-backed programs. Key Services and Loan Products