The Loan Fund offers secured loans and unsecured loans. If you are considering financing for a project, contact us early. We are available to offer guidance based on our experience. Email [email protected] or fill out this inquiry form.
Download the Secured and Unsecured Loan Policy Statement
The Loan Fund makes mortgage loans in amounts up to $1,500,000 to churches and ministry organizations for the purchase of facilities or land, the construction or remodeling of a facility, and, when funds are available, the refinancing of existing debt.
Any organized Christian Reformed Church in the United States that meets the Loan Fund’s underwriting criteria is eligible for these loans.
Current Secured Loan Rate: 5.75%
The Loan Fund makes unsecured loans for small improvement projects or repairs to existing property.
Unsecured loans have a maximum term of ten years and a maximum loan amount of $100,000. Interest rates are variable based on the cost of funds to the Loan Fund.
Current Unsecured Loan Rate: 6.75%
First Church Building Secured Loan
The Loan Fund provides secured loans at a reduced rate to organized churches that do not yet own property. Property and construction costs make ownership especially challenging for newer congregations. This loan is designed to support churches in securing a permanent location and expanding their ministry in the community.
Loans are available for up to $500,000, with larger amounts considered on a case-by-case basis. The loan features interest-only payments during the first year, followed by a 20-year amortization period beginning in year two.
Current First Church Building Loan interest rate is 4.25%.
