Church Financing Made Easy

1. Has the Church been in business at least 3 years?

2.  Is the total loan amount NOT greater than 5.25 times the gross income?

3.  Is the loan to value (LTV) 80% or less?

4.  Is the combined loan to value (LTV) 90% or less if there is a second trust?

5.  Is the total loan amount $50,000 or greater?

*If you answered yes to all of these questions then….

*Here is the information we need to proceed.

• Simple 1 page application. (complete it below)

• Last 3 years income and expense statements for the church.

• Year to date income and expense statement for the church plus balance sheets.

• Digital photo of the property.

• Executive summary (include church history, project overview and a use of funds schedule)

Types of Loans we offer for Churches

 Purchase

 Refinance

 Renovation

 Construction

 Any combination of the above… i.e. purchase plus construction.

Acceptable Church Property Types

 Sanctuaries

 Parsonages

 Fellowship Halls

 Family Life Centers

 Multi Purpose Buildings

 Most any type of building is fine.

General Program Guidelines

  No personal guarantees required

 Up to 80% LTV

 Up to 90% CLTV

 Minimum of 3 years in business

 Loan is up to 5.25 X Gross income 

     Pre-approval makes the buying and refinancing process go faster. Take a mement to complete the pre-approval application below and one of our church experts will respond within 24 to discuss your options and help you move toward getting the church financing that fits your needs.

Church Loan Programs

To be Pre-Approval, please complete entire application
Primary Contact Full Name *     first      last
Primary Contact Phone Number *  (  )  -
Primary Contact Email *	Primary Contact Relationship with Church *
Church Name *	Church Denomination
Church Address *  street address line 1  street address line 2 city state zip
Church Membership (Adults that regularly attend Church and regularly give)
Year-To-Date *	For 2008 *
For 2007 *	For 2006 *
Gross Income (the amount of money the Church brings in before paying expenses)
Year-To-Date *	For 2008 *
For 2007 *	For 2006 *
Type of Loan (check all that apply)
Purchase   Refinance	Renovation   Construction
Requested Loan Amount (Complete all that apply)
Loan Amount Requested for Purchase	Loan Amount Requested for Refinance
Loan Amount Requested for Renovation	Loan Amount Requested for Construction
Purchase Only
Purchase Price	Amount Church Has as a Down Payment
Renovation or Construction Only
As-is Property Value	Property Value when Complete
Church Financials and Project Information Required
*Please forward to us after submitting your application Year-To-Date Income & Expense Statement   3 Years Income & Expense Statements   Executive Loan Summary   Digital Photos of Subject Property
Borrower(s) Credit
Check all that apply * Choose Credit History   Excellent (pays all bills on time)   Good (always pays mortgage on time)   Fair (couple late payments on mortgage in 3 years)   Not so good (recent late payments)   We need help (close to or in BK or Foreclosure)
Comments
Please explain all credit issues that may exist as well as discribe your property or project, summarizing what you are looking to accomplish. Helping us to understand your goals equips us to help you meet them. Include any other information you consider important for us to know. *
Enter Rep ID (who referred you to our site)
Please enter the code you see to the right