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Loan Rates

LCEF Offers Competitve Interest Rates for Low-Cost Loans

Below is a current list of interest rates offered by LCEF—the loan source for LCMS and helping to support the LCMS ministry.

Loan Rates for
New Mission Starts (First 5 years) (New Loans Approved Effective 02/01/2008) 5.500%
Congregational Loans (New Loans Approved Effective 02/01/2008)
Monthly, Quarterly, or Annually adjustable
 5.875%
5 Year fixed rate balloon, 2% prepayment penalty
(subject to availability of funds)
 6.375%
10 Year fixed rate balloon, 2% prepayment penalty
(subject to availability of funds)
 6.875%
Specialized Ministries 4.125%
RCW Home Equity Loans
A list of approved and non-approved states are available here.
Loan Term up to 5 Years, Fixed Rate
 5.625% - 6.125%
Loan Term 6-10 Years, Fixed Rate
 6.625% - 7.125%
Loan Term 11-15 Years, Fixed Rate
 7.625% - 8.125%
RCW Residential Loans
A list of approved and non-approved states are available here.
10% down payment
1 Year ARM Rate
 4.625% - 5.125%
5 Year ARM Rate
 4.875% - 5.375%
10 Year ARM Rate
 5.125% - 5.625%
15 Year Fixed
 5.125% - 5.625%
5% down payment
1 Year ARM Rate
 4.875% - 5.375%
5 Year ARM Rate
 5.125% - 5.625%
10 Year ARM Rate
 5.375% - 5.875%
15 Year Fixed
 5.375% - 5.875%
RCW Consolidation Loans
A list of approved and non-approved states are available here.
1 Year to 7 Year Terms, Adjusted Annually
 7.125% - 9.125%
Loan Forms
Loan Brochures

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Search our literature rack for additional brochures.
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Have a question?
Contact your local LCEF District Vice President, contact LCEF directly at Contact Us, or call the Lutheran Church Extension Fund at 1-800-843-5233, 7:45 a.m. - 4:15 p.m., CT, Monday through Friday.