Loans are amortized over a period not in excess of 25 years.
Copies of financial records and attendance history from the past 3 years are to be provided to Church Investors Fund at the time of application.
The first term of all loans is ten (10) years. This term is divided into two fixed five-year periods.
At the end of each “fixed” term, loans are considered for renewal and interest rates and payment amounts are adjusted to current market rates.
Interest is charged and due once per month.
Payments may be electronically transferred directly from the church’s bank account if desired.
Loans are secured by a mortgage on your property.
A one time origination fee is charged at the time the loan is set up. The loan origination fee on new loans is 0.5% to 1.00%.
Church Investors Fund Loan Application is available for download. You must have the Adobe Acrobat Reader plug-in in order to view these pages. The Reader is available for download free of charge at www.adobe.com.