
Steven Penske
VP of Mortgage Lending
Guaranteed Rate, Inc. is an independent home loan company headquartered in Chicago, Illinois. Guaranteed Rate, Inc. is considered the second largest independent home loan company as of 2013.
Location & Business Hours
Business Hours
Tues
8 AM to 5 PM
Wed
8 AM to 5 PM
Thu
8 AM to 5 PM
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Reviews from Web
I have been doing business with Steve Penske for over 20 years and regularly refer my family to him for mortgages. He is an expert with the VA process and gets me the best deals. Great communication and responsiveness!
Reply from Steven Penske
October 1st, 2025 05:22 PM
Thank you for your business over the last 20+years. It has been a sincere pleasure watching your family grow.
Working with steven was a great experience. He was very helpful with any questions we had and was always willing to go the extra mile to help.
Steven went above and beyond for me. I don’t think I could have bought my house with a different lender. He helped solve some of my credit problems. Steven really is the best.
Reply from Owner
January 8th, 2025 12:00 AM
We are overjoyed to hear about your positive experience with Steven. Thank you for sharing your feedback.
Hi Steven you and your team have been wonderful at helping get the process of obtaining my own home for the first time in my life. I'm just full of excitement to begin this new chapter of my life. Steven you of course made the process very...
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He is very communicative and professional. It's the easiest and fastest lender I've ever work with, and he guides you in the right directions and give you all the best possible options that suites your financial situation. Easy to get a hold...
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Reply from Owner
January 8th, 2025 12:00 AM
We're delighted to hear about your positive experience with Steven Penske at Rate. Thank you for sharing your feedback.
Steven was extremely professional and always available to guide me through the process. I was on a short timeline, and with Steven’s help, I was able to get my loan approved and close on my new place in 20 days!
Reply from Owner
January 8th, 2025 12:00 AM
Thank you so much for your kind words Amita! I am glad we were able to complete this transaction on your requested timeline.
Steven and his team were very attentive and very helpful during our first time home buying process. Steven answered all our questions, simple and complex, with patience and in great detail so that we understood the whole process. Not only was...
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Reply from Owner
January 8th, 2025 12:00 AM
Thank you for your kind words. I am glad we were able to structure the loan so that you and your family could purchase your first home.
Steven Penske did an outstanding job guiding us through the lending process and was there to assist us at every turn without hesitation. He explained things in great detail and walked us through anything we didn’t understand.
Steve was great! He was very available, informative and worked to get us the best deal. He sent us monthly projections for several properties while we were home shopping. He answered all of our questions, even at off hours and made sure we...
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The whole process was stressful! Some questions from the underwriters were asked several times and seemed senseless!We answered the same question several times, and we could only scratch our heads! It seemed the lender was accusing us of hiding...
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Reply from Owner
March 27th, 2023 12:00 AM
Thanks for all of your hard work and patience. Since the best terms for this transaction were only available through a smaller FCU, we knew the process could be a little bumpy. I really appreciate you being available and staying positive through...
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About
Guaranteed Rate, Inc. is an independent home loan company headquartered in Chicago, Illinois. Guaranteed Rate, Inc. is considered the second largest independent home loan company as of 2013.
Products & Services
Mortgage Loan Officer
VA Home Loan
Jumbo Home Loan
Fixed Rate Mortgages
Adjustable Rate Mortgages
Non-QM
Reverse Mortgage
DSCR Loans
Bank Statement Mortgages
Profit & Loss Only Mortgage
ITIN Mortgage Loans
Specialities
Hawaii VA Loans
PCS Moves
Self-Employed Buyers
Jumbo/Portfolio Lending
New Construction Condos
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Time Zone
Pacific Standard Time (PST)
Licenses
- 379410