Church Mortgage: Common Challenges and Solutions
Many Americans faithfully pay their tithes, offerings, and other donations to their Church. For example, about 10 million tithers give $50 billion annually to churches and other non-profits. Unfortunately, however, these hefty amounts don’t provide sufficient funding for Churches in the US. Therefore, church leaders often resort to financing solutions such as mortgages for their … Read More
How Much Will My Church Qualify for When We Apply for Financing?
If you check around, you’ll see that church loans are less popular than other loan types. Many lenders that fund home loans and business loans, do not make loans to religious organizations. Even if your church finally gets a loan, it may not be the amount it needs to accomplish its goals. So, you and … Read More
Church Refinance Loans: 7 Benefits of Refinancing Your Church
Are you a church Pastor or church leader with a mortgage loan you haven’t paid off? Do you need a solution that helps you keep your church doors open? If the answer is yes, then this article is for you. But first, did you know churches around the US are quickly embracing external financing solutions? … Read More
Church Financing Programs: Everything You Need to Know
Most people realize that churches are tax-exempt for almost all types of taxes. We sometimes hear how this is unfair and churches should have to pay taxes like for-profit entities, but these same people do not realize the good that most churches do within their communities and around the world. Churches use the money they … Read More
Why Don’t Banks Like Church Loans?
Many people believe that only business organizations require loans. However, non-profit organizations and churches also use loans for many purposes such as purchasing real estate, renovating a property, or buying a van for the church. Yet, church building loans aren’t as easily accessible as churches desire. Most banks and other financial institutions don’t like church … Read More
New Church Construction: The Ultimate Guide on How to Get Started
Usually, everyone gets excited when it’s time to build a new church facility. However, knowing how to begin can be quite a dilemma. We often don’t know what to expect or the critical steps of the construction process. New church construction isn’t like every other building project; you need to take vital steps to help … Read More
What Are the Requirements for a Church Property Loan?
Constructing, repairing, or buying a Church building is a costly endeavor. That’s why many Church leaders resort to seeking property loans. These loans allow churches without the necessary finances to buy, build, and expand their property. However, churches must go through vetting processes. This is because lenders need assurance that the church can repay the … Read More
How to Make Your Very First Church Purchase
Regardless of whether you’ve been mulling it over for a while or just came across the idea recently, making your first church purchase can be daunting. Maybe you’d like to buy a church building because you want it to cater to a particular kind of worship in your area, or perhaps it’s because your current … Read More
Top 5 Things You Should Look for in a Church Mortgage Lender
In order to continue the mission of your church, you may be looking to find a larger space to accommodate the growth of your congregation. One of the first things to do in circumstances like these is to find a church mortgage lender. However, the world of lending can be a confusing place. And when … Read More
What You Should Know About Church Loan Requirements
If you are looking to expand your ministry or provide renovations for your church, you will want to consider a church loan. Today, there are a number of financial institutions and lenders that offer church loans. Here’s a look at what you need to know about church loans and church loan requirements. Why Would a … Read More