Church Financing | Church Loans

• Easy Qualifier Church financing program.
• Traditional Church financing program.
• 100% Church financing program.
• Church Sanctuary Saver.
• 90% Church Construction financing program.
• Mega Church financing program.
• Traditional Church 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. We offer products under our own brand and also offer loans through other private and public institutions that have an interest in promoting Christianity. 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.

Examples of Church financing programs: These are traditional church loans and not church bonds.

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 Church financing being requested. This is also a good program for a church that has had some problems with their current church financing provider. Maybe the Church has had some late payments or is in the middle of a construction project and the current Church lender will not lend enough money to finish the project. This program is designed for just these issues. The rates are slightly higher than some of our other Church financing programs but a Church can borrow up to 4.5 times its gross income. No personal guarantees are needed on the Church loan. This church financing program is available to mortgage brokers.

Traditional 5/25 and 5/20: This is a traditional Church financing program and offers some of the very best rates around for Churches. Loan to values go up to 85% 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.

100% 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 has the ability to make the payments if they can borrow the money to purchase the property. This program is used when a Church is looking to finance a property that is being purchased at below market value. We use this Church financing program for churches that are buying a Sanctuary from another Church and are being given a good deal but do not have a big down payment. This program allows a Church to borrow up to 3 times its gross annual income to qualify for this Church financing solution. No personal guarantees on this type of church financing are needed. Most of our products are available through mortgage brokers but unfortunately this product is only available directly to Churches.

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 Church financing program is generally used to 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 Church financing 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. This Church financing program is available to mortgage brokers.

90% Construction Loan Program: Pay interest only during the Church construction loan and have your loan automatically turn into a permanent Church mortgage when the construction of the Church 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. We deal directly with Wall Street to put together a Church loan program that will give you the flexibility your Church needs and the rates you deserve. 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