Tracy Padgett
Vice President of Mortgage Lending
As a member of the elite Guaranteed Rate Frankfort, IL and Northwest Indiana office, helping individuals effectively fit real estate purchases or refinances into their overall wealth plan is my passion. I also enjoy connecting with other business professionals who share my appreciation for the real estate industry and want to grow our businesses together. In addition to my bachelor's degree in finance from the University of Illinois, and my MBA from DePaul University, I have been in residential lending for over 14 years. I also have many years in the construction and renovation fields, in various capacities. And having been an underwriter for many years prior, I understand the complexities of financing and the importance of proper documentation, structuring and follow-up. I greatly enjoy helping people understand and effectively navigate the mortgage process. I am passionate about helping people utilize their unique financial position and turn their home purchase into a long-term wealth plan.
Helpful tools and resources
No-fee personal loans
First-time homebuyer’s guide
Mortgage calculators
Loan options
See my video
Recent reviews
What people are saying
"Tracy was amazing and very easy to work with"
Rachel B. - Tinley Park IL | Aug 2022
"My loan officer Tracy Padgett, did a great job from beginning to end. Tracy helped me step by step through the homebuying process."
Roberto M. - Hammond IN | Jul 2022
"Everyone at Guaranteed Rate was professional, responsive, and helpful. They guided us through the process, answering every and any questions we had along the way (and I had many). Tracy Padgett started us with a pre-approval and was there throughout the entire process."
Lynn G. - Valparaiso IN | Jul 2022
"Tracy Padgett and her team were fast and efficient to work with. Everything was so smooth."
Keary B. - Crown Point IN | Jun 2022
"Tracy Padgett and her team have been extremely efficient through the whole process managing to close the home purchase in just 22 days!"
Sasa D. - Valparaiso IN | Apr 2022
A HELOC with a fixed rate you can count on.
Our Home Equity Line of Credit (HELOC) can help you fund home improvements & consolidate debt.
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Today's rates
| Loan type | Rate | APR | Discount points ($) | Mo. payment |
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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 and are subject to change without notice. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. 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). For home equity lines, the APR simply reflects the interest rate. When shopping for a mortgage, you can use the APR to compare the costs of similar loans between lenders.
One discount points equals one percent of your loan amount.
Some jumbo loan options may not be available to first\-time home buyers.
We based the mortgage interest rates shown on a 30\-day rate lock period. Under certain circumstances, a 30\-day rate lock may not be available. When you apply, you can choose to lock or float your interest rate range.
Mortgage rates and loan options displayed depend on a number of variables, including the accuracy of the information you have entered, which is subject to verification, credit and property approval.
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.
VA
If you meet the eligibility requirements of the VA program, gifts or grants may be used for down payments. Up to 100% financing may be available for qualified borrowers. Most VA loans require the borrower to pay a 'funding fee'. This fee may be paid out of pocket or financed into the loan amount. At the direction of the United States Congress and the Department of Veterans Affairs VA Funding Fees may increase or decrease without notice. Guaranteed Rate, Inc. is a private corporation organized under the laws of the State of Delaware. It 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.
Adjustable Rate Mortgage (ARMs)
Interest rates and payments may increase after consummation. After the initial fixed period, your interest rate may change periodically according to the market index. Any change may significantly impact your monthly payment. Since the index in the future is unknown, the First Adjusted Rate and Payments displayed are based on the current index plus the margin (fully indexed rate) at time of scenario/disclosure. Before choosing an ARM, you should decide if you can manage the maximum estimated payment if the rate increases. To fully understand minimum and maximum payments, please speak to a mortgage loan expert.