Church Loan

Church loans for construction/remodeling, refinance, and purchase/acquisition.

Our minimum requirements are:

1-The church/temple must have been established at least 5 years.
2-The loan amount must be at least $1,000,000.
3-The congregation must have at least 300 ADULTS, on average, in the primary worship service(s).

For construction projects we require 25% borrower’s contribution. Unsecured credit lines cannot exceed 10% of the ministry’s annual income, and unsecured term loans cannot exceed 20% of the ministry’s annual income.

General guidelines – contact us for for complete requirements:

Debt Service Ratio -30% or less (based off of Qualified Income: UNDESIGNATED Tithes and Offerings)
Debt Coverage Ratio – looking for 1.25 or greater (also based off of Qualified Income)
Loan To Value – cannot exceed 70% – 75%

Contact us today to receive a free (no obligation) consultation with a member of our financing team.