Top 3 Reasons to Finance Loans for Religious Organizations Now
2020 is here, and we are so grateful to be looking at another year to lift churches/religious organizations and help them achieve their dreams. We make loans to religious organizations to help with their refinances, purchases, construction projects and renovations. We do not evaluate religious organizations based solely on their credit rating, and we have programs for churches with good and bad credit. To that end, many companies finish out their year with lists of favorites, top choices, etc.
Reasons to Finance Loans for Religious Organizations
We thought that we would start 2020 with a list of reasons why now is the perfect time to seek loans for religious organizations:
Interest Rates are Fantastic
Interest rates are some of the lowest they have ever been. Right now, there are no projected interest rate changes for 2020 by the Federal Reserve, however, it is still the perfect time to secure loans for religious organizations. This is especially true for churches with mortgages that carry higher rates, or churches that are stuck in owner, private, or bond financing. Lower rates mean saved money for your congregation and lower monthly payments.
Long Term Fixed Rates are Available
We have been closing many loans with longer rate terms, including with 7,10, 15, and 20-years and with amortizations up to 30 years. For religious organizations 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 7, 10, 15, 20- and 25-year fixed-rate church loans. We are a national company, so we offer long term interest rates in many different markets.
Quick and Easy Closings
When religious organizations come to us, it is our job to make the financing process quick and easy. We will analyze your loan and give you an answer in 1 business day. From there, your loan officer will work with you diligently to close the loan for your religious organization. Griffin Church Loans has been helping churches for over 20 years, so we are the experts, and we are efficient. We have closed over $1.5 Billion in loans to churches. We recently closed a loan in Texas for a church that was buying its first home. They were referred to us, and we were able to close their loan in 30 days!
If your church or another religious organization you know needs financing and is interested in learning more about our loan programs, then please call 800-710-6762 to speak to a loan officer.