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Church Loans

Strategic financing aligned with your values.
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Accelerating Ministry Growth

As one of the nation’s largest providers of church loans, we offer a wealth of expertise and experience to help finance the growth of your ministry. Our competitive rates and flexible terms are designed to fit your church’s unique needs. But what pastors appreciate most is our deep understanding of church finance and our unwavering faith values. We are ready to partner with you in the financial and spiritual growth of your ministry.

Visual of a church service
We Understand Ministry

With more than 75 years of experience in lending to churches, we understand the unique needs of ministries.

Construction Consultation

Our professional construction consultation has saved numerous churches hundreds of thousands of dollars in unnecessary construction expenses and fees.

Dedicated Support

You have a dedicated consultant ready to answer questions, hear your dreams, and simplify the financing process.

Your Values are our values

AGFinancial was created to resource AG churches and ministers and partner in helping to advance the Kingdom. Many national lenders support causes that directly conflict with basic Christian values. It is important that your church’s financial partners align with your core values.

Money is powerful, and it should be tied to the right sources.

Pastor Jeff Krist of Gateway Assembly in Imlay City, Michigan.
Type of Loans
Permanent Loans

Our focus is permanent, first-mortgage financing with flexible terms and competitive rates to help you purchase facilities or refinance existing loans without short-sighted balloon notes that can leave ministries financially vulnerable.

Construction Loans

Whether new construction or a renovation, making interest-only payments during the project eases cash flow. After construction, there is a guaranteed no-cost conversion to permanent financing at competitive rates.

Credit Lines

This is a convenient alternative for short-term expenses, smaller renovation projects, or unexpected needs.

Our Simple Process
  • Loan Inquiry

    Complete the brief Loan Inquiry Form, and we will contact you to discuss your specific needs.

    Loan Inquiry Form

  • Information Gathering

    In preparation for your loan, your loan consultant will talk with you to get a picture of your ministry and needs. This information will be used to guide you to the best loan solution for your ministry. Topics for discussion may include the following:

    • Goals and purpose for the loan
    • Description of your ministry
    • Current weekly attendance
    • Estimated property values
    • Current mortgage information
  • Loan Programs & Terms

    Once your loan consultant learns about you and the unique needs of your ministry, they will make recommendations for the best custom solution. To ensure you understand the proposed solution, they will also walk through:

    • Who we are and what we stand for
    • The difference between residential and commercial mortgages
    • Various options/rates based on qualifications and initial fees
    • Closing process and construction draw process
    • Typical terms of a loan with AGFinancial
  • Loan Application

    After a loan solution is determined, the loan application must be completed. Your consultant will assist you with any questions you may have, review the application, and submit it for approval.

    Upon approval of your loan request, your consultant will provide you with a letter of approval containing the final loan amount, terms, and conditions. Your loan will be scheduled for closing once you have accepted and signed this letter.

Ready to get started?
Speak with your dedicated loan consultant.
meet Rob Ketterling Lead Pastor River Valley Church Minneapolis, Minnesota

They (AGFinancial) have been a good encourager, and they’ve been somebody that has said we’re going to partner with you in this and do this together.

Testimonials found on this site are examples of what we have done for other clients, and what some of our clients have said about us. However, we cannot guarantee the results in any case. Your results may vary and every situation is different. No compensation was provided for these testimonials.

Frequently Asked Questions

Loan Options
  • We offer a full range of loans:

    • permanent first mortgage loans (refinance, purchase, improvements)
    • construction draw first mortgage loans (improvement/construction loan with guaranteed take-out to permanent)
    • new church plant loans

    See Types of Loans for details.

  • We offer a range of options based on the needs of your church. To learn more about loan options, read How to Shop for a Church Loan.

  • In the world of commercial lending, a long-term, fixed-rate mortgage loan generally does not exist. Lenders often use the term “fixed-rate” to draw potential borrowers to short-term loans. However, even though the rate is fixed, it is only for that short-term. At the end of the term, the full loan amount must be paid. This large final payment is called a balloon payment.

    In contrast, we offer long-term permanent loans, which provide stability to churches and ministries. Our mortgage terms are up to 25 years, with rate adjustment periods of one, three, five, or seven years. We also provide interest rate caps on how high your rate can go—a guarantee you will not find with short-term mortgage loans.

  • A portion of your mortgage interest dollars go to the support of AG churches and ministries across the country, helping them to grow and advance the Kingdom. With AGFinancial, you have a partner in ministry whose values align with yours, and you can be assured that your interest dollars contribute to ministry growth.

  • With a construction loan, the total loan amount is approved at closing, and all documents are prepared and signed at closing. The church can then borrow up to the approved amount during construction by drawing funds from our office. These draws are reviewed by our Construction Loan Project Manager, who will ensure that the amount is in line with the work being completed. At the end of each month, the church is billed only for the interest on the amount that has been drawn up to that point. Our Project Manager may visit the site to meet with the clients and General Contractors, and to help keep the project on schedule and on budget. This service is included in the loan fees. When construction is done, the loan is transitioned over to a permanent loan with regular monthly payments.

Loan Process
  • You may not. We attempt to establish property values through tax records, insured values, real estate market analysis, and other methods. However, on new construction loans over $1 million or when the collateral ratio appears to be outside our policy levels, we often need an appraisal. In most cases, a summary appraisal is enough.

  • We will need a Schedule of Values form (firm cost estimate with specific line items for cost overruns and contingencies), architectural drawings, a floor plan with elevations, and other documents as needed.

  • We will use a copy of the district’s Articles and Bylaws.

  • As a rule, with complete information and documentation, a loan can be approved within 30 days and funded within 30 days following approval. This timeframe varies based on committee schedules and how quickly third-parties such as title companies and appraisers complete their work. Turning in all documentation with your application and staying in touch with the escrow company helps prevent delays.

  • Terms can be as long as 25 years. However, we often advise against such long terms because of their higher interest cost to the church over the life of the loan.


Church Loans
Institutional Contact Information Form

Update the address of an institution on account(s) and/or investment(s)

Change of Address

Update the address of an owner or authorized individual on account(s) and/or investment(s)

Authorized Agent (Church/Institution)

Provide authorized contacts with access to information regarding the account(s) and/or investment(s) of your institution.

Form W-9

Provide proof of Tax Identification Number (TIN) or Social Security Number (SSN).

Name Change Request (Institution)

Update the legal name of your organization on all your account(s) and/or investment(s).

Can’t find what you’re looking for? Let us help.
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