The Loan Fund offers secured loans and unsecured loans. If you are considering financing for a project, contact us early. We are available to offer guidance based on our experience. Email loanfund@crcna.org or fill out this inquiry form.
Loans
Secured Loans
The Loan Fund makes mortgage loans in amounts up to $1,500,000 to churches and ministry organizations for the purchase of facilities or land, the construction or remodeling of a facility, and, when funds are available, the refinancing of existing debt.
Any organized Christian Reformed Church in the United States that meets the Loan Fund’s underwriting criteria is eligible for these loans.
Current Secured Loan Rate: 5.75%
Download the policy statement for mortgage loans.
Unsecured Loans
The Loan Fund makes unsecured loans for small improvement projects or repairs to existing property.
Unsecured loans have a maximum term of ten years and a maximum loan amount of $100,000. Interest rates are variable based on the cost of funds to the Loan Fund.
Current Unsecured Loan Rate: 6.75%
Download the policy statement for unsecured loans.