What is a Mortgage?
A mortgage is a loan to buy a home. Instead of a monthly rent payment, a homeowner makes a monthly mortgage payment.

What is a Down Payment?
A down payment is part of the purchase not financed with a mortgage; a buyer pays this with his or her own money, or with money received from a grant or other source.

What are my financing options?
You may use the special financing packages created just for Quality Hill Square Condominiums by Gorman & Gorman Residential Mortgage Services, Inc and the Missouri Housing Development Commission, or you may finance your home with a lender of your choice.

Special Monthly Payment Arrangements:
To streamline the monthly bill-paying process for owners, special arrangements have been made to allow all Quality Hill Square Condominium owners to make a single monthly payment to cover their mortgage payment and condominium fee.