Church Loans, Church Finance

Current Church loan Rates Fixed Term Amortization Rate 5 20 5.95% 5 25 5.25% 10 25 5.85% 5 30 6.25%

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We are Church loan experts and as such we recognize that not one shoe fits all feet. We have a number of different church loan programs to help your ministry meet its objectives quickly and easily. We were recently named the 49th fastest growing financial institution by Inc. Magazine, we are very proud of this accomplishment. Some lenders are afraid to say no so they just drag on the process until you are so frustrated you go somewhere else. Our goal is to leave every church better than we found them. Sometimes the only answer is no, when this is the case we will explain why and what needs to be done to turn the no into a yes.

If your Church has been in business at least 3 years and is looking for a Church loan collateralized by real estate of at least $50,000 we probably have a program for you.

Examples of programs: These are traditional church loans and not church bonds.

Easy Qualifier Program: This is our most lenient church loan program and is generally used for two different purposes. When a Church is growing quickly and can not support the proposed new church loan payment on a historical basis according to traditional bank standards this is a good program. This is also a good program when a Church is in a turn around situation; maybe they have had some membership declines and are having difficulty being approved under bank standards. The rates are slightly higher but a Church can borrow up to 4.5 times its gross income. No personal guarantees are needed. This church loan program is available to mortgage brokers.

Traditional 5/25 and 5/20: This is a traditional church loan program and offers some of the very best rates around for Churches. Loan to values go up to 80% and rates are extremely good. This church loan program uses a traditional debt service coverage underwriting method to qualify a church. No personal guarantees needed on this loan. This program is available to mortgage brokers.

90% Purchase Program: A Church that is buying a building at a discount from its fair market value can use part of the equity in that property to decrease their down payment. For example, if a church is purchasing a property that is worth $1,000,000 and they are buying it for $700,000 then in some circumstances we would only require a down payment of 10% of the purchase price ($70,000 in this instance). Rates and terms on this program are excellent. The maximum loan amount under this program is 3 times the churches gross income. No personal guarantees are required on this program.

Church Loan Saver: This church loan program was specifically designed to help Churches that are in trouble with their current lender. This church loan program is generally used to refinance their current loan and get back on their feet. We can even help Churches that are in Bankruptcy and foreclosure. The interest rates are higher than our other Church loan programs but the payments are interest. The maximum loan to value is 65% of the quick sale value. No personal guarantees needed on this church loan are needed. This church loan program is available to mortgage brokers.

Construction Loan Program: Pay interest only during the church construction and have your loan automatically turn into a permanent mortgage when the Church construction is complete. Fixed rates are available and you can finance up to 100% of the construction cost depending on the ownership of the land. No personal guarantees needed on this church loan. This

program is available to mortgage brokers.

If your Church needs financing we want to help you!

Warm Regards,
Church Loan Division, Griffin Capital Funding. 800-710-6762