YOUR CHURCH FUNDING SOURCE

YOUR CHURCH
FUNDING SOURCE
Phone: 352-553-9870
Property Types: Sanctuaries, Schools, Expansion
Loan Proceeds: Acquisition, Refinance, Construction, Cash-Out
Trustee Guarantees: None
Size: $10,000 - $20 million
Fast Close: 45-60 days
Cash Flow Multiple: 3-4x Unrestricted Contributions
LTV: 65% - 85%
Term: 25-40 Years; Open-Ended for additional
Interest: As low as 3.39- Fixed Rate @ 190-220 over Treasuries
Prepayment: No Penalty
Our underwriters are professionally trained to keep the interest of the church a priority. They are experienced in working with churches of all sizes. Thus, they can fund loans for any denominations anywhere in the country! So please call one of our underwriters today at 1-352-553-9870..
Never has it been a better time to apply for a church loan because interest rates are low and can be amortized for as long as 30 years. Many lenders are not making loans and of those that do even fewer are willing to help churches. We believe in this market and we believe that people of faith give even when times are tough therefore, we banks that are willing to work with us based on our history. .
Church Financing Guidelines The following are general church loan guidelines which will be useful in planning your church refinancing, construction, purchase, or remodeling project. Church loan scenarios vary so much from church to church so it is important that you spend a few minutes together with us on the phone to fully analyze your needs.
The two most important areas of interest to the underwriter are income and collateral. The income figures are an indication of the church’s ability to repay the loan. An approximate guideline is that the church’s monthly mortgage payment should not exceed 35% of the undesignated tithe and offering income. Another way of looking at the same thing is to say that the loan amount should not exceed 3 to 3/1/2 times the annual undesignated income. With some of our programs income from daycare operations and schools are considered as well.
In addition to income the underwriter will also consider the collateral value when determining the possible loan amount. The mortgage debt should not exceed 85% of the value of the property being offered as collateral for the loan.
In 24 hours we can analyze your request and tell you if you will be another satisfied customer and help us reach our goal.If you are looking for a church loan then you have come to the right company. We provide church financing for projects ranging in size from $10,000 to 50,000,000. If your church is looking for a loan to purchase, refinance, renovate or construct a building we want to help you achieve your goals.
We offer a number of different church financing programs to meet your needs. Even if you have been turned down by your bank we want to talk to you. We are often times able to be more creative than a traditional bank. We understand that churches are different from for profit businesses and their finances are unique, many lenders simply do not.
What you can expect from us:(1) Absolutely free and no obligation quote (2) 24 hour conditional approvals on your church loan(3) No personal guarantees on our church loan products(4) Quick closings(5) Fantastic Service
If you are in the market for a church loan or would simply like to find out if we can save your church money by refinancing your current church mortgage please complete our quick.
The following items are required by Church Loan Experts in order to process a Church loan.
1. Copy of Articles of Incorporation.
2. Copy of Church By-laws.
3. Fire insurance information on property.
4. Photocopies of last 12 months' bank statements.
5. Letter of Resolution: A letter on Church stationery authorizing Church Loan Experts to arrange the loan, stating the amount of the loan and who is authorized to sign on behalf of the Church. This letter must be signed by a member of the Church who is not signing the loan documents.
6. Names and addresses of Board of Directors.
7. Information on any existing mortgage(s) on Church Property. Name, address and phone number of lender as well as loan number and outstanding principal balance.
If you are unsure about an item on this list, or would simply like further clarification of what is required in order to process your loan, please don't hesitate to contact us with any questions you might have about the loan process.
THE CHURCH LOAN EXPERTS OF AMERICA, LLC
CONTACT: 352-553-9870
OR EMAIL: THECHURCHTAXEXPERTS@GMAIL.COM