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CHURCHLOANS |
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Easy Qualifier Church Financing Program.
Traditional Church Financing Program.
90% Purchase Program
Sanctuary Saver.
90% Church Construction Financing Program.
Mega Church Financing Program.
Family Church Financing Program.
We are Church financing experts; we analyze, underwrite and close more
Church loans every year than almost every bank in the country. If your
Church has been in business at least 3 years and is looking for financing
for the purchase, refinance, renovation or construction of real estate of
$75,000 or greater we want to help with your church financing project.
Easy Qualifier Program: This church financing program is
generally used for two different purposes: A Church that is growing quickly
and can-not show the historical ability to service the debt they need to
accommodate their future growth trends but will soon have the ability to
afford the amount of loan being requested. No personal guarantees are
needed on this Church loan in most cases.
Traditional 5/25 and 5/20: This is a traditional Church loan
program and offers some of the very best rates around for Churches. Loan to
values up to 80% and sellers are allowed to hold second trusts up to 90% in
many circumstances. This Church financing program uses the traditional
underwriting approach referred to as Debt Service Coverage to determine what
a Church may borrow. No personal guarantees are needed for this Church loan
program in most instances.
90% Church Purchase Program: This Church financing program is
designed for Churches that do not have enough money to put down to meet
traditional underwriting standards but have the ability to make the
payments. This program allows a Church to either use a multiple of income
approach or a traditional Debt Service Coverage calculation to qualify for
the loan. The difference is generally made up by a seller held second
trust or a loan to the church from another party like a church member.
No personal guarantees are generally needed.
Church Sanctuary Saver: This
church loan program is used to help Churches that are in foreclosure or
close to it with their current lender. This program is generally used to
help churches refinance their loan and get back on their feet. We can even
help Churches that are in Bankruptcy. The interest rates are higher than our
other programs but the payments are interest only for up to 3 years. The
maximum loan to value is 65%. No personal guarantees are generally needed on
this Church loan.
90% to 100% Construction Loan Program: Pay interest only
during construction and have your loan automatically turn into a permanent
mortgage when the construction is completed. Fixed rates are available and
you can finance up to 100% of the Church construction cost depending on
ownership of the land. No personal guarantees on this type of church
financing are needed.
Mega Church Financing Program: For Churches looking to finance
over $3mm we have the ultimate program with terms as long as 30 years with
no balloons and long term fixed rates. Loan amounts up to $70,000,000.
Family Church Financing Program: There are Christians
everywhere and they all need a place to worship and feel at home. The Family
Church Financing Program is designed to help smaller Churches with loan
amounts as little as $75,000. So whether it is your first purchase or an
expansion of your sanctuary, we want to provide your Church a loan that
helps you grow.