Mortgage Advisor

Lynne Schlereth

Mortgage Advisor NMLS# 237688 Licensed in IL, MO and TN

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5.0
(35 reviews)
(314) 504-8426 [email protected]

3018 Winghaven Blvd.
O'Fallon, MO 63368
Branch License #2534568

About Lynne Schlereth

Your mortgage is personal, and I understand that.

As a Mortgage Advisor, I strive to create a partnership and a team with my clients to guide them through their new Homebuying “journey” with over 27 years of Mortgage experience, we put clients first, and demand excellence with our streamlined processes at Preferred Rate. Whether you are considering a mortgage to buy a home, building a dream home, looking to refinance for a better rate or want cash out of your property, I can help with many programs and products to meet your needs. I pride myself on offering a community lending mindset, that truly creates a team with my buyers and Realtors to leave a lasting impression that states "we care about your family and friends" and their financial wellbeing. our core values are based on we aim to build a lifetime of relationships built on trust, knowledge and commitment to our client's satisfaction.

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We keep the mortgage process easy

Buying a new home can feel like everything at once: Exciting, overwhelming, stressful, and even emotionally taxing.

Whether this is your first home, your next home, or you’re thinking about refinancing, we’re ready to walk with you every step of the way.

  • Step 1 Connect with a Loan Expert

  • Step 2 Get Pre-Approved

  • Step 3 Make Offers

  • Step 4 Lock in your Preferred Rate

  • Step 5 Move in to your new home

  • Step 1 Connect with a Loan Expert

  • Step 2 Lock in your Preferred Rate

  • Step 3 Get your new loan approved!

Buying a new home can feel like everything at once: Exciting, overwhelming, stressful, and even emotionally taxing.

Home Loans

  • Fixed-rate Mortgages
  • Adjustable-rate Mortgages
  • Interest-only Loans
  • Jumbo Loans
  • FHA
  • VA Loans
  • USDA Loans
  • Reverse Mortgages

Speciality Products

  • Keys On Time Program
  • Secure Lock Program
  • Jumbo Investor Loan Programs
  • Peak Loan Program
  • High Balance Solutions
  • Jumbo Solutions
  • Home Ready
  • Home Possible Advantage
  • STaR Program for First-Responders
  • Doctor Program for Medical Professionals
  • Manufactured Housing Loans
Buy a home Refinance

See what Lynne's clients have to say

Karl C

Lynne Schlereth, is amazing.. Thank you .

Jan 14, 2026

Benjamin T

Lynne does a fantastic job explaining the loan process and is very accessible to make sure everything goes smoothly!

Jan 01, 2026

Lisa G

Lynne is so wonderful to work with

Dec 24, 2025

Carl T

Lynne and her team were great to work with. She took time to answer my questions as we walked through the complicated mortgage process. We were kept updated through every step. She was proactive and worked to fit the mortgage to our needs. We highly recommend Lynne! ... Read More

Dec 16, 2025

Jack

Lynne was amazing throughout the entire home buying / closing process. She always kept me up to date on what is going on and what is needed in order to make a smooth home purchase. She got me an amazing rate with ease. I would highly recommend Lynne as a lender to work with. ... Read More

Nov 27, 2025

Bernie H

Working with Lynne Schlereth at Preferred Rate was an absolute blessing. From the very beginning, Lynne guided us through the home loan process with patience, kindness, and incredible expertise. She truly held our hands through every step, making what could have been overwhelming feel smooth, clear, and even exciting. Her communication was always timely and reassuring, and she went above and beyond to help us understand our options and feel confident in every decision. Thanks to Lynne’s dedication and outstanding service, we were able to get into our dream home. We are so grateful for all she did for us. If you’re looking for someone who genuinely cares and delivers exceptional results, Lynne is the one you want by your side. ... Read More

Nov 20, 2025

Bernie H

Working with Lynne Schlereth at Preferred Rate was an absolute blessing. From the very beginning, Lynne guided us through the home loan process with patience, kindness, and incredible expertise. She truly held our hands through every step, making what could have been overwhelming feel smooth, clear, and even exciting. Her communication was always timely and reassuring, and she went above and beyond to help us understand our options and feel confident in every decision. Thanks to Lynne’s dedication and outstanding service, we were able to get into our dream home. We are so grateful for all she did for us. If you’re looking for someone who genuinely cares and delivers exceptional results, Lynne is the one you want by your side. ... Read More

Nov 19, 2025

Michael k

Lynn and her team jumped through hoops for me. They stayed late, and busted butts to get it closed, when it shouldn’t have in that timeframe. They went over the top Servicing my loan. What I thought was impossible, Lynn made possible. Highly recommend. ... Read More

Nov 01, 2025

Monica W

Lynne and her team were aamaaaaazzzziiinng!!! She kept me informed of any changes and updates throughout the process. She made a process that could have been very stressful a breeze!!!

Oct 22, 2025

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equal housing opportunityNMLS CONSUMER ACCESS LINK: NMLS #1850

© 2026 American Pacific Mortgage Corporation. For informational purposes only. No guarantee of accuracy is expressed or implied. Programs shown may not include all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions may apply. Equal Housing Opportunity. www.apmortgage.com

Refinancing may result in finance charges that may be higher over the life of the loan. Consult with your loan advisor for details.

This site is not authorized by the New York State Department of Financial Services.  No mortgage solicitation activity or loan applications for properties located in the State of New York can be facilitated through this site.

Licensed as Preferred Rate in AL, AZ, CA, CO, FL, GA, IL, IN, KS, KY, LA, MA, MD, MI, MO, MS, NC, OK, OR, TN, TX, VA, WA, and WI. Preferred Rate operates under American Pacific Mortgage in NV. AZ BK 0906702. CA #01215943. Regulated by the Colorado Division of Real Estate. Georgia Residential Mortgage Licensee. NV MB 164. Licensed under the Oregon Consumer Finance Act. OK MLO13426.

Licensed by the Illinois Department of Financial & Professional Regulation, Residential Mortgage License # MB.6761304 | James R. Thompson Center | IDPR – 555 West Monroe Street, 5th Floor Chicago, IL 60661 | (888) 473-4858

Licensed by the Dept of Financial Protection and Innovation under the CRMLA.

The Department of Financial and Professional Regulation (Department) evaluates our performance in meeting the financial services needs of this community, including the needs of low-income to moderate-income households. The Department takes this evaluation into account when deciding on certain applications submitted by us for approval by the Department. Your involvement is encouraged. You may obtain a copy of our evaluation. You may also submit signed, written comments about our performance in meeting community financial services needs to the Department." (Source: P.A. 101-657, eff. 3-23-21.)

CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIALMORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.”

THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIALMORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT'S WEBSITE AT WWW.SML.TEXAS.GOV