Church Loans

• Easy Qualifier Church financing program.
• Traditional program.
• 100% purchase program
• Sanctuary Saver.
• 90% Construction financing program.
• Mega financing program.
• Family Church financing program.

We are Church financing experts; we analyze, underwrite and close more Church loans every year than 95% of all of the banks 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 $50,000 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 the Church loan.

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. This Church loan program is available to mortgage brokers.

90% Church Purchase Program: This Church financing program was specifically 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 borrow up to 3 times its gross annual income to qualify for this Church financing solution while only putting down 10% towards the purchase price. The Church must be purchasing a property at below market value. No personal guarantees are 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 on this Church loan.

90% 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. This program is available to mortgage brokers.

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. This program is available to mortgage brokers.

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 $50,000. So whether it is your first purchase or an expansion of your sanctuary, we want to give you the Church loan that helps you achieve God’s vision for your Church.

Warm Regards,

Church Loan Division, Griffin Capital Funding. 800-710-6762