Your   homeownership journey starts here

The mortgage process simplified.
Fast approvals, local experts, trusted results.

Lynne Schlereth, financial expert, promoting preferred rate services.
Lynne Schlereth, a trusted financial professional, advocating for optimal preferred rate solutions.
Group of smiling people holding signs at Preferred Rate, celebrating real estate success.
A diverse group of clients and agents celebrating their real estate achievements at Preferred Rate, holding signs like "Sold" and "I love my Realtor.".

NMLS: #237688

Lynne Schlereth

Mortgage Advisor

Awards

(1)

VCP Award for Veterans Community Programs 2022. 2023

Lynne Schlereth is a dedicated Mortgage Advisor with nearly 28 years of experience helping individuals and families achieve the dream of homeownership. Known for putting service over rates, Lynne is committed to guiding her clients every step of the way with honesty, care, and expertise. She specializes in working with first-time homebuyers and families, helping them navigate grants and loan programs to make homeownership more accessible. Lynne also has extensive experience with DSCR investment loans and renovation loans, helping clients build wealth through real estate and transform properties into their ideal homes.

Lynne makes herself available seven days a week because she understands that her clients’ needs don’t follow a 9–5 schedule. In addition to her work, she proudly serves on a VA board, supporting initiatives that give back to veterans and their families.

Licensed in:

MO, IL, TN, GA and OK

Specialties:

Building long team financial wellbeing

First-time Homebuyers

Grant Money

DSCR Investment Loans

VA and Renovation Loans

Renovation Home Equity Programs

Lending Specialties

Building long team financial wellbeing

First-time Homebuyers

Grant Money

DSCR Investment Loans

VA and Renovation Loans

Renovation Home Equity Programs

Lynne Schlereth's
Awards and Recognition

VCP Award for Veterans Community Programs 2022. 2023

Why work with me?

5.0/5 Rating

46 reviews

Countless+

Families helped

30 Days

Average close time

28 years

Of experience

Real clients. Real results.

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!!!

Monica W

Lynn goes above and beyond for her clients! You can tell she genuinely cares about helping people and always takes the extra time to ensure everything is explained clearly and done correctly. Her professionalism and dedication shine through, and it’s obvious she truly has her clients’ best interests at heart. I can’t recommend Lynn enough, she’s the type of person you want in your corner!

Jacquie B

I really appreciated Lynne and her team’s help with navigating this process!

Mariel T

Lynne works wonders! We really appreciate what she did for us!

Nathaniel P

Lynne did a fantastic job, and really worked miracles to get our loan through!

Nathaniel P

Great experience from start to finish

J

Lynne was a really big help with my wife and I securing a house, and it wouldn’t have been possible without all the time and effort she put into the whole process. Thank you again Lynne!

Cameron P

Lynne and her team did an amazing job getting me into my forever home. It was a fast close and they all worked tirelessly to get it done. Thank you all.

Janis W

Lynne was absolutely amazing to work with! She explained everything throughout the whole process to ensure I understood. She got me an amazing deal on my first home. Such a pleasure to work with, and I cannot recommend enough!

Anna N

Lynne was great! Very professional and responsive. Would highly recommend her.

Brett G

As most people know; buying a home can be exciting but a little scary as well(especially in a "Seller's Market"). Lynne Schlereth made the process better. From the beginning, her experience and knowledge really shined through. Lynne gave us a breakdown of what the process would be like using easy-to-understand terms. We appreciated the transparency throughout our homebuying journey and her patience as she never minded breaking down the numbers on more than one occasion. This time, especially during the holidays, can be quite hectic, but Lynne always carved out time to speak with us when we weren't sure about moving forward with a home. She was always realistic about the expectations that came with buying a home, and we appreciated all the advice she gave. We believe Lynne represented us in the best light and made the home buying process a little less intense. The team Larry Scarpace, Cindy Cunningham, and Heather Mayfield worked just as hard to insure our process hit as little bumps in the road as possible and we are very greatful for the wonderful team at Preferred Rate. We'd definitely recommend them for anyone looking to buy a home.

Robert S

Great learning experience, Everyone totally professional, knowledgeable, only wish I had started with you and JT in August.Thanks again

John C

Lynne was outstanding to work with and she did an incredible job with getting us across the finish line and in to our new home! She is highly knowledgeable in all aspects of the process, and helped us understand everything along the way. And most importantly, she genuinely cared about us and our goals. Thank you for everything Lynne!

Mike C

As a Realtor, I have a network of amazing lenders to choose from for my own mortgage needs. It’s very apparent to me when a loan officer is competent and exceptional at what they do. Lynne Schlereth is one of those people! She is very knowledgeable about all of the loan products available and humble enough to know when she doesn’t have the answer and to seek help from her team to get the answer for you. She is communicative, professional, down-to-earth and a straight-shooter. She made my wife and I’s refinance a pleasant experience, and worked exceptionally hard to get us the best situation she could. I’m so very thankful to know her and have her on my team of lender referrals! Highly recommend giving Lynne a chance to earn your business and serve your mortgage lending needs!

Justin M

Lynne was so nice to work with throughout the entire home buying process. She gave me all the information I asked needed and was available 24/7 for any questions. I highly recommend using her as your mortgage loan officer!

Lyn T

Lynne has been great, it has been awesome working with her and I would recommend her to anyone!

Kelly B

Lynne does a great job and will get you funded for a new home. Communication is very clear and open and she is highly recommended. Thank you again for everything you did to help me out on this purchase, Lynne!!

ben m

I just closed on a condo with the help of Lynne Schlereth. I could not have been in better hands. We had some ups and downs along the way (not of her doing), and she guided and supported me throughout the entire process. Her team, and Larry in particular, were also great. I would wholeheartedly recommend Lynne to anyone who is looking for help in securing a mortgage.

Beth P

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.

Michael k

Lynne Schlereth, is amazing.. Thank you .

Karl C

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

Benjamin T

Lynne is so wonderful to work with

Lisa G

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!

Carl T

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.

Jack

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.

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.

Bernie H

I've had several mortgages with Lynne Schlereth. She is the best. I recommend her 100% !

John Urankar S

Lynne is experienced and gave me a good deal with my mortgage.

Raymond H

Lynne went above and beyond to help us fully understand the home buying process. I cannot recommend her enough!

Bryce J

It was our first time buying and Lynne was recommended by our (awesome)realtor, Justin McCoy. She answered all of our questions. She is knowledgeable and personable and as a bonus, she is very funny. Her personality helped keep me grounded. When we refinance, we will choose Lynne again.

Melissa R

Lynne was absolutely amazing to work with! From start to finish, her team stayed on top of every detail, making the entire process smooth and stress-free. Communication was always clear, timely, and professional. Lynne’s knowledge of the mortgage industry and overall process is truly exceptional. I couldn’t have asked for a better experience—highly recommend!

Lisa P

She worked with us through every difficulty, ready to pivot with the next move! This woman knows her stuff!

Isabella G

My name is Tahshon first time home owner Lynne schlererh is the most consistent and incredible person to work with she stopped at nothing to get me in my forever home I'm so blessed to have had someone like her in my corner Highly recommended she was such a joy and will forever be appreciative of her and most her guidance through this whole process again thank you Lynne schlererh for everything

Tahshon H

Lynne was very accommodating and worked tirelessly to get us into our home. Would absolutely recommend

Noah G

So thankful to work with Lynne! She and her staff communicated with us every step of the way, and there were no surprises. She worked with us and answered all questions. It was a great experience in buying our dream home!!

Debbie G

Loan Programs

Spacious living room with comfortable seating, large windows, and stylish decor.
A bright, inviting living room featuring a blue sofa, wooden chairs, and a fireplace with logs, perfect for relaxing or entertaining.
DSCR Loans (Investment Loans)

Featured

Beautiful modern craftsman-style house with a landscaped front yard and garage.
A stunning craftsman-style home featuring a welcoming porch, modern design, and the 1% Home Loan Program.
1% Home Loan Program

Featured

Man using smartphone at home, exploring conventional loan options.
Man reviewing mortgage options on his phone in a cozy living room setting.
Conventional Loans

Featured

Comfortable living room featuring a fireplace, wall-mounted TV, and stylish decor for a welcoming ho.
A welcoming living room with a fireplace, wall-mounted TV, and elegant decor, ideal for relaxing and entertaining in a cozy home setting.
Down Payment Assistance (DPA)

Featured

Refinance Loan
Child on Veteran's shoulders with American flag, symbolizing VA loan benefits.
Supporting veterans and families with VA home loan options and resources.
VA Loans
USDA loan approval process for rural home financing.
A couple stands outside a new house, symbolizing rural homeownership with USDA loans.
USDA Loans
FHA loan approval process with Preferred Rate for homebuyers.
Happy couple discussing FHA loan options at home.
FHA Loans
Beautiful blue house with landscaped yard, ideal for low down payment mortgage options.
Charming blue home surrounded by lush greenery, perfect for those seeking low down payment loan solutions.
Low Down Payment Loans
Beautiful house exterior with porch, windows, and landscaped yard.
A charming two-story house featuring a spacious front porch, large windows, and a well-maintained lawn, ideal for HELOC loan considerations.
HELOC Loans
Happy couple working on home renovation inside a room with construction tools.
A smiling couple during a home renovation project, standing on stairs with construction supplies around them.
Home Renovation
Luxury home with a spacious driveway and well-maintained landscaping for jumbo loan financing.
Explore jumbo loan options for financing high-value homes like this beautiful property.
Jumbo Loans
Man using a laptop on a bean bag chair, promoting flexible bank statement loans.
Comfortable man working on a laptop at home, highlighting flexible bank statement loan options for homebuyers.
Bank Statement Loans
Construction financing solutions for building your dream home or project. Expert guidance for seamle.
Two workers in safety helmets working on a construction site, focusing on woodwork and project progress.
Construction Financing
Beautiful manufactured home with a welcoming porch and landscaped yard.
A charming manufactured home featuring a spacious porch and lush landscaping, ideal for comfortable living.
Manufactured Home Loans
Colorful Victorian-style condominiums with detailed architecture and lush greenery.
Beautiful Victorian-style condominiums with intricate details and vibrant colors, perfect for condominium loan options.
Condominium Loans
Healthcare professional loan options for doctors and medical staff. Secure funding to grow your medi.
Image of a smiling doctor holding a clipboard in a medical office setting. Perfect for promoting medical professional loan services.
Medical Professional Loans
Nurse smiling with tablet, promoting first responder loan programs.
A nurse smiling while holding a tablet, highlighting loan options for first responders, teachers, and nurses.
First Responders | Nurses | Teacher Loans
Affordable community lending options for homebuyers.
Aerial view of a new residential property in a friendly neighborhood.
Community Lending
Buydown mortgage rates with temporary payment reductions.
Learn how temporary buydowns can lower your mortgage payments during the initial years of homeownership.
Temporary Buydowns
Modern two-story house with garage, ideal for bridge loan financing.
A contemporary two-story home with a spacious garage, perfect for real estate bridge loans and investment opportunities.
Bridge Loans
Expanded Income Loans for Home Improvements.
Modern house with landscaped yard and garden.
Expanded Income Loans
Loan options for international clients seeking financial solutions.
A smiling woman using a tablet near a window, representing accessible loan services for foreign nationals.
Loans for Foreign Nationals
Home loan options for quick approval and competitive rates.
Simplify your home buying process with Preferred Rate's SmartBuy program.
Click n’ Close SmartBuy National DPA
Expanded Credit Loans living room with modern furniture and cozy decor.
Comfortable living room featuring yellow armchairs, a fireplace, and a flat-screen TV, ideal for home improvement financing options.
Expanded Credit Loans
Senior couple exploring reverse mortgage options on laptop.
Elderly couple discussing reverse mortgage benefits using a laptop at home.
Reverse Mortgages
Seller PreLock Program for homeowners to secure home sale options.
A woman reviews her home sale options on a tablet in a bright, modern kitchen, highlighting the Seller PreLock Program benefits.
Seller PreLock Program
Preferred Rate Pathway DPA Program interior design.
Spacious living room with contemporary furniture and a sleek kitchen setup.
Pathway DPA Program
Rhyze HELOC
Secure lock program for home safety and security.
Beautiful blue house featuring a secure lock program for enhanced home safety.
Secure Lock Program

Refinance With Purpose

Every refinance starts with a goal. Whether you want to lower your payment, shorten your term, or access equity, we’ll build a strategy around
what matters most to you.

Consolidate Debt

Simplify what you owe. Use your home’s equity to combine high-interest debt into one  payment.

Lower Payments

Improve monthly cash flow. Even a small rate adjustment can create  savings over time.

Get Cash Out

Access equity with intention. Turn your home’s value into funds for renovations, education, retirement, or financial goals.

Change to Fixed Rate

Stabilize your payment. Move from a variable rate to predictable payments built for long-term planning.

Refinance VA Loan

Use a VA refinance program to improve your terms, access cash, or reduce your monthly payment.

Discover your home’s value instantly.

Get a personalized home value report powered by real market data. Track equity, explore trends, and stay informed about your property and mortgage loan.

Home loan approval process with competitive rates at Preferred Rate. Secure your mortgage today with.
Beautiful suburban house at sunset, showcasing a cozy home with a well-maintained lawn and welcoming entrance.
Preferred Rate logo with financial graph and rate drop notification.
A logo for Preferred Rate featuring a financial graph and a notification about interest rate drops.

We'll watch the market for you

Set your target interest rate and we’ll notify you when it hits. No spam, just smart alerts.

Mortgage Loan Calculator

Estimate your monthly payment in seconds.

$400,000

$50k $2M+

Customize taxes, insurance & HOA

Not required (Down payment ≥ 20%)
Estimated Monthly Payment

$0

Principal & Interest Mortgge Loan
$0
Property Tax Estimated
$0
Home Insurance Estimated
$0
HOA & PMI Fees
$0
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regard to your individual circumstances. All examples are hypothetical and are for illustrative purposes.

Frequently asked
questions

With short and easy to understand answers.

Couldn’t find your answer?

[email protected]

Couldn’t find your answer?

[email protected]

Home Loan Guides
& Checklists

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Ready to take the
next step?

Set your target interest rate and we’ll notify you when it hits. No spam, just smart alerts.

  • Competitive rates
  • Expert support
  • Easy process