Church Mortgages Rates as Low as 5%

The Church Loan Fund, Inc. is now offering church mortgages with rates as low as 5%. The loan fund is a separate entity from the Ministers’ Retirement Plan but operates under the umbrella organization of the Church of God Benefits Board.

The Church Loan Fund offers first mortgages on churches and other church-owned properties. Not only does the loan fund provide acquisition and construction funding, but it also provides a source of refinancing of other loans held by conventional bank lenders.

“We have discovered many financial institutions that have made church loans in the past are no longer interested in making or renewing existing loans. With the Church Loan Fund rate structure, we believe that we can be competitive on any loan in the country,” noted loan administrator Angie Conine. With a complete concentration on making church loans, the loan fund understands church properties and how they must be conveyed and documented to remain in compliance with the Church of God Minutes.

“Having a lender that understands the Church of God ‘way’ is very comforting when you are going through the hassle of building a new building or acquiring property, dealing with title companies, and dealing with lawyers,” observed Conine. “It helps to have someone who has been down the road multiple times before in almost every state to help you through the process.”

Not only are rates being offered as low as 5%, but the Church Loan Fund also allows for the payments to be amortized over 20 years, allowing the ultimate in flexibility in regards to payments. While the interest rates are fixed, the loan will balloon in five years. A new feature offered by the Church Loan Fund allows for a ten-year balloon feature, but with an interest rate reset after the first five years.

While the church borrower is responsible for the costs associated with closing the loan, such as an appraisal and document preparation fees, the Church Loan Fund does not charge “points” or an origination fee, only an application fee of $250.

Most importantly, once all the required application information is in hand, the Church Loan Fund offers an expedited approval process, often providing a response on the borrower’s request within as few as ten days.

The staff at the Church Loan Fund is ready to work with you today to meet your church’s financing needs. To learn more about the Church Loan Fund or to obtain an application package, you may contact Angie Conine at (423) 478-7131 or visit our web site at We look forward to serving your loan needs.


About benefitsboard

Art Rhodes is the President and CEO of the Church of God Benefits Board, Inc. - the administrator of the Ministers' Retirement Plan and the Church Loan Fund, Inc. The corporate offices of the Benefits Board are in Cleveland, TN.
This entry was posted in 07 - July 2014, Church Loans. Bookmark the permalink.

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