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800-710-6762

Church loans and mortgages$50,000 to $35,000,000

For purchase, refinance, construction and renovation, including churches a bank has turned down. Financing churches exclusively since 1999.

Get a free quote for your church

We give you a written answer within one business day of receiving your application.

Step 1 of 3

Prefer to talk?Call 800-710-6762

  • Within 1 business dayA written answer, once we receive your application
  • FreeQuote and consultation

Turned down by a bank? You can still apply. Griffin's private money loans have no minimum credit score.

Since 1999Financing churches exclusively
Over 2,000Loans closed
Over $2 billionFunded
  • Loans from $50,000 to $35,000,000
  • Churches in most parts of the United States
  • Non-denominational

Their exceptional service has made a lasting impact on our church, and we are incredibly grateful for their support.

Ana & Jaime SalgueroChurch refinanceGoogle review

Two ways we can fund your church

Griffin can fund a church in two ways. When other lenders will not, we may be able to fund directly from our own private money fund. When a conventional program serves the church better, we place the loan there. No bank, extension fund or broker can offer both.

Private money, from Griffin's own fund

With private money, Griffin is the lender: we fund, hold and service the loan ourselves.

Up to 60%loan-to-value on private money loans, meaning the loan can be up to 60% of the property's value

  • Terms of 3 to 5 years, with interest-only payments
  • No minimum credit score
  • Accepts bankruptcies, foreclosures, discounted note payoffs and IRS issues
  • Can close in as little as two weeks, which is not typical
  • Suited to churches a bank has declined, or whose history needs explaining

Conventional, placed by Griffin

For well-qualified churches, we place the loan into a competitive conventional program.

Up to 30 yearsfixed-rate terms on conventional loans

  • Fixed-rate options of 5, 7, 10, 15, 20, 25 or 30 years
  • Amortizations of 15 to 30 years on conventional loans
  • Up to 85% loan-to-value for well-qualified churches on conventional loans
  • Typical closing 45 to 60 days
  • Suited to churches with steady finances that want a long fixed-rate term

You do not have to choose. Tell us about your church and we will tell you which option fits, or whether neither does.

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What churches come to us for

Purchase

Buying a church building or land.

Refinance

Replacing an existing loan, including one with a balloon coming due or terms that no longer work.

Construction

Building a new sanctuary, an addition or a ministry facility.

Renovation

Updating or expanding the building your church already owns.

Declined by a bank

A second look when a bank or another lender has said no.

Time-sensitive situations

A maturing loan, a foreclosure notice, a discounted note payoff or a purchase deadline.

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If a bank has already said no

It is often not a judgment about your church. Banks underwrite against predictable revenue, and church income is donation-based and seasonal. A church can be in good financial health and still fail the screen.

Griffin's private money option has no minimum credit score. It accepts churches with bankruptcies, foreclosures and IRS issues, and discounted note payoffs, where the current lender agrees to accept less than the balance owed.

Every request is still underwritten, so approval is not guaranteed. A difficult history is not an automatic no.

A bank's no is often about the bank's model, not about your church.

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Before you fill in the form

How fast can it close?

Private money can close in as little as two weeks, which is not typical. Conventional loans typically close in 45 to 60 days. Tell us your deadline when you apply.

Will our pastor or board have to sign personally?

On loans above $500,000, personal guarantees are almost never required. On loans from $50,000 to $500,000, a personal guarantee is required.

What happens after we apply?

We give you a written answer within one business day of receiving your application. It is a response to your request, not a loan approval. The steps below show what follows.

What happens after you get in touch

  1. Apply or call

    Send the quick application or call 800-710-6762. The quote and consultation are free.

  2. A written answer within one business day

    We respond in writing within one business day of receiving your application. It is a response, not an approval.

  3. Proposal and underwriting

    If we can help, we put a loan proposal in writing. A proposal is not a commitment to fund. A commitment is issued only once the loan is fully underwritten and approved.

  4. Closing

    Closing usually follows an appraisal and title work, at a location convenient to the church. Conventional loans typically close in 45 to 60 days. Private money can close in as little as two weeks, which is not typical.

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Questions churches ask us

How much can our church borrow?

Griffin finances church loans from $50,000 to $35,000,000. The amount depends on the value of the property, how long the church has operated, its credit, its income and its debt service coverage. Private money loans go up to 60% loan-to-value. Conventional loans go up to 85% loan-to-value for well-qualified churches.

Does our church have to own property to get a loan?

Yes. Every Griffin loan is secured by church real estate, so the church must have real estate to use as collateral for the loan.

What will our church need to send?

Only the quick application to begin. After that it depends on the option: conventional loans always require the church's financial statements, while Griffin's private money loans do not always require them.

Does it cost anything to get a quote?

No. A quote and consultation from Griffin are free, and Griffin answers in writing within one business day of receiving your application.

Does Griffin lend its own money?

With private money, Griffin is the lender: it funds, holds and services the loan from its own fund, secured by church real estate. With conventional financing, Griffin places qualified churches into competitive market programs with fixed-rate terms from 5 to 30 years.

Does Griffin work with churches in our state and denomination?

Griffin serves churches in most parts of the United States. It is non-denominational, meaning it is not tied to any one denomination. Tell us where your church is located when you apply or call.

Tell us what your church needs

Whether you are buying, refinancing, building or starting again after a bank's no, the first step is a free quote. We give you a written answer within one business day of receiving your application.

Get my free quote Call 800-710-6762
  • $50,000 to $35,000,000Loan range
  • Since 1999Financing churches exclusively
  • Most parts of the United StatesWhere we serve churches