|
Looking to purchase new facilities or refinance?
Obtaining church financing in a business-minded marketplace can be a challenge. We offer permanent, fully amortized first mortgage financing at flexible terms to purchase new facilities and refinance existing loans at competitive rates.
30 year amortization results in lower monthly payments
20 year term means you don't need to seek a new loan in 5 years
Banks are increasingly reluctant to lend to churches. Church lending is ALL that our Trust does! Over 4,000 churches; over $2 billion loaned.
Because we make so many loans, we must have an efficient and stream lined process to close these loans. Typically, we can close 3-4 weeks after approval.
A complete loan application will include:
- a completed application; (click to download)
- 3 years of income/expense statements;
- 3 years of balance sheets;
- a year to date income/expense statement;
- a current balance sheet;
- a resume on the head pastor;
- photos, inside and out;
- a budget, including the proposed mortgage;
- a broker's opinion, or appraisal upon which we can place a value (if you have an old appraisal, we will use the value thereon for initial consideration).
|
