Church Mortgage Rates
November is the month to be thankful for family, friends, and all the positive things in our lives. At Griffin Capital, we are grateful and so blessed to help all the churches that we do every year. To that end, the last quarter of 2019 is bringing lower church mortgage rates and competitive loan terms that we can all be thankful for. Put quite simply, it is the perfect time to seek church financing. We are closing many loans for churches with 7,10, 15, and 20-year fixed church mortgage rates and amortizations up to 30 years. We have been providing loans to churches for over 20 years, and we are recognized as an industry leader.
Our church financing options include loan programs for churches of all sizes with competitive church mortgage rates. For churches with excellent credit and who meet the qualifications, we can provide 30-year fixed-rate loans with no balloons. If 30-year fixed loans are too long for your church, we also offer 10, 15, 20- and 25-year fixed-rate church loans.
Griffin’s Church Loan Closing Stories
On the west coast, we just closed a church purchase loan for a church that was tired of renting their worship space. They wanted a place to call home that would also allow them to accommodate growth. They also wanted to add more services to their schedule. Additionally, they wanted extra meeting spaces for other language congregations to come and worship. They found the perfect sanctuary that had been improved and included 143 parking spaces. We closed their $3.7 million loan with a 7-year fixed church mortgage rate of 3.65% and an amortization of 20 years.
Meanwhile, in Florida, a 36-year-old church needed to refinance their current loan. They also wanted to make building improvements such as a new roof and HVAC system. With lower interest rates, they picked a wonderful time to take care of their deferred maintenance while saving money in the process. We lowered their church mortgage rate by 1.6% and provided a 15-year fixed rate in the process!
If your church or another church you know needs church financing and is interested in learning more about our loan programs, then please call 800-710-6762 to speak to a loan officer.