What is main reason we may not qualify for a loan?

Usually it is a lack of income. You should use as your guide 3 or 4 times your most recent annual gross income. You should not include as part of this income special one-time items such as
building fund revenues or restricted o temporarily restricted income.

Do we always have to personally guarantee our church loan?

No. Church lenders typically do not require personal guarantees.

What is the maximum loan request that you would consider?

We will only fund certain requests up to $3,000,000.

Does that mean that you will not fund larger loans?

No. We will work with other lenders to secure this financing.

What is the smallest loan request you would consider?

$200,000

Do you fund construction projects?

Yes.

What is the maximum loan to value (LTV) you would consider?

For our own funds, we will lend up to 65% LTV. Some of our other partners will lend up to 75%.

Why do you require an application fee up-front?

We require this fee to ensure that we have a committed borrower prior to expending extensive resources underwriting your request. Additionally, these monies are used to defray the cost(s) of third party reports (i.e. appraisal, environmental review etc...).