LOANS

LCEF provides loans to new and existing congregations to buy land, build, and remodel ministry facilities. Loans are offered at very reasonable rates, often lower than commercial loan rates offered by banks. LCEF also offers planning and development services such as demographic analysis, architectural advice, Strategic Ministry Planning, Capital Funding Services, and Laborers For Christ.

Yes—with only one closing! At closing, the borrower signs a Promissory Note, which addresses the construction phase and the permanent terms of the loan.

Yes, LCEF offers a loan program for rostered LCMS church workers that includes residential, home equity, and debt consolidation loans.

Call your LCMS District Vice President or call the Lutheran Church Extension Fund at 1-800-843-5233, 7:45 a.m. - 4:15 p.m., CT, Monday through Friday. They will answer your questions and provide guidance.

It depends on many factors. Some projects require more planning than others. Sometimes, architecture or real estate professionals must be consulted. Local regulations and ordinances may have to be met. However, we can assure you that with the help of your District Vice President and the LCEF Loan Department, your loan application will be processed as quickly as possible.

To obtain LCEF’s current loan rates, you may:

• Call your District Vice President during local business hours.
• Contact an LCEF Loan Officer any time between 7:45 a.m. - 4:15 p.m., CT, Monday through Friday, by calling LCEF at 1-800-843-5233.
• Review current loan rates online.

Escrow disbursing is a service provided by LCEF to the borrower to assist in a construction project. An LCEF Escrow Disbursing Officer collects documentation to establish an account for the purpose of tracking and disbursing the construction loan dollars and the building fund dollars throughout the building project.

In accordance with state statutes, escrow disbursing collects the necessary documentation from the various contractors in order to assure a lien-free and complete project.