We offer a 9 year and 10 year balloon program meaning no refinancing for up to 10 years. The 10 year balloon has a potential rate adjustment every 5 years. The 9 year balloon has potential rate adjustments every 3 years. Compare this to bank loans which balloon at either 3 or 5 years and have to be refinanced much sooner and generally require appraisals and underwriting fees at that time.

What can the loans be used for?

These types of church financing are used for construction, purchase, refinance, or remodel. We also finance parsonages and raw land.

What are your interest rates?

The 9 year balloon is offered at 5.45% unless the church can provide compiled financials by a Certified Public Accountant in which case the rate drops to 4.95%

The 10 year balloon is offered at 5.95% unless the church provides CPA compiled financials in which case the interest rate is 5.45%.