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Pete Koch
VP of Mortgage Lending

I have been in the people business for 40+ years of my life. I've gone from being in my own wholesale flower business, importing, selling and delivering products to about 45 florists on Long Island for 4 years to becoming an Electrolux vacuum cleaner salesman (starting as a door-to-door salesman), getting promoted to an asst manager, then branch manager running and recruiting a 30+ sales team, to a Division manager of Long Island all within 5 years. I was Division manager of the year 3 consecutive years and was then promoted to area vice president of the Northeast area. After 18 years with Electrolux, the company was sold and my position was dissolved.

I then went to work at PC Richard and Sons as a salesman. I was top 5 salesman for 6 consecutive years before being recruited into the mortgage industry part time by a friend who was an appraiser. It took 8 months before I made the I made the switch to full time.

I have been in the industry for 20+ years and truly get so much satisfaction helping and assisting clients throughout, whether it be refinancing or making the most important purchase of their lives, their first homes… Nothing feels better than when I get a hug from my clients while I am at their closings. I know I did a great job when I get their friends and family to call me for assistance on their mortgage needs.

I have now joined Guaranteed Rate and am excited about the updated technology and speed from opening to closing!! It has also truly put me in a position to give my customers, realtors, and attorneys the best and quickest service, along with so many more mortgage options and programs than ever before.

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Today's rates

Loan typeRateAPRDiscount points ($)Mo. payment

This is NOT a mortgage loan approval or commitment to lend. The actual fees, costs, and monthly payment on your specific loan transaction may vary, and may include city, county, or other additional fees and costs. Mortgage rates are offered exclusively through Guaranteed Rate, Inc. and are subject to change without notice. The payment amount does not include homeowners' insurance, flood insurance (if applicable), or property taxes that must be paid in addition to your loan payment. The displayed Annual Percentage Rate (APR) is a measure of the cost to borrow money expressed as a yearly percentage. For mortgage loans, excluding home equity lines of credit, it includes the interest rate plus other charges or fees (such as mortgage insurance, discount points, and origination charges).

Product Assumptions:

Conforming: Sample monthly payments for conforming loan products are based on a purchase price of $437,500, and a down payment of 20.00%. Advertised rates and APRs are subject to change without notice. Above scenarios assume a first lien position, 750 FICO score, 30 day rate lock on a primary residence.

Jumbo: Sample monthly payments for jumbo loan products based on a purchase price of $1,200,000, and a down payment of 25.00%. Advertised rates and APRs are subject to change without notice. Above scenario assumes a first lien position, 760 FICO score, 25 day rate lock on a primary residence.

FHA: Sample monthly payments are based on a purchase price of $310,880, and a down payment of 3.50%. Advertised rates and APRs are subject to change without notice. Above scenario assumes a first lien position, 680 FICO score, 30 day rate lock on a primary residence.

VA: Sample monthly payments are based on a purchase price of $400,000, and a down payment of 0.00%. Advertised rates and APRs are subject to change without notice. Sample does not include VA funding fee (max VA funding fee of 3.3%). Above scenario assumes a first lien position, 680 FICO score, 30 day rate lock on a primary residence. Must be an eligible veteran. Subject to underwriting guidelines and applicant's credit profile.

These mortgage rates are based upon a variety of assumptions and conditions, which include a consumer credit score that may be higher or lower than your individual credit score. Your loan's interest rate will depend upon the specific characteristics of your loan transaction and your credit history up to the time of closing.

One discount points equals one percent of your loan amount.

Guaranteed Rate, Inc. has no affiliation with the US Department of Housing and Urban Development, the US Department of Veterans Affairs, the US Department of Agriculture, or any other government agency.