Interest rates may vary. Please call us at 1-800-543-2343 or email us for the latest rates.
No. Church Investors Fund lends money to NAB churches and ministries for the acquisition, construction and remodeling of churches, parsonages and other projects.
Much of the interest paid on a loan with Church Investors Fund goes back into our churches and individuals within our churches. The funds loaned are made available because churches and individuals within our conference believe in investing for a cause that reflects their values. Many times, there are investors within the borrowing church that are loaning the funds.
We lend up to 80% of the total cost of most projects, whether new construction or renovations.
Yes. The loan origination fee on new loans is 0.5%.
All Church Investors Fund loans are amortized for a maximum of 25 years.
The interest rate is locked for each three or five year period. The new rate each three or five years is set by the prevailing rate at the time of renewal.
Church Investors Fund is willing to waive the need for an appraisal on projects valued under $1,000,000 that are a normal loan to value ratio.
No. There is no prepayment penalty for early paydown of principal when the money is raised from within the church.
Yes. Proven cash flow for the past three years is necessary to help us make an informed decision.
No. During the draw stage (construction) of a new project, only interest payments are made. At the completion of the project, the loan is modified to include principal and interest in the payment.
No. We are limited to working with non-profit corporations as defined in Section 501(c)(3) of the Internal Revenue Code.
It is important that the church contact professional counsel in areas of architecture, construction, finance, etc. as early in the process as possible. You should also contact us so that we can assist you and prepare in making the necessary plans.