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Rostered Church Worker Home Equity Loans

Use Your Home’s Equity for Major Purchases Or Debt Consolidation

LCEF’s Home Equity Loan Program is designed to lend personal financial assistance to LCMS ordained and commissioned ministers. A home equity loan allows a borrower to use the equity in his/her home as collateral for a loan toward paying off higher-interest debt, purchasing an automobile, making large-scale home improvements, paying tuition, or making other major purchases. Our home equity loans offer competitive and fixed interest rates that allow borrowers to consolidate bills into one monthly payment.

About RCW Home Equity Loans
Benefits

LCEF’s Home Equity Loan Program is the newest loan option for LCMS rostered church workers. Our program is designed to lend personal financial assistance to LCMS ordained and commissioned ministers (on active or emeritus status), allowing them to effectively focus on their calling—witnessing and teaching the Gospel of Jesus Christ to others.

A home equity loan is a financial product that allows a borrower to use the equity in his/her home as collateral for a loan.

Homeowners often use the money from home equity loans to pay off higher-interest debt, purchase an automobile, make large-scale home improvements, pay tuition, or for other major purchases.

LCEF home equity loans are available to qualified applicants in approved states. A list of approved and non-approved states is available here.

*Check with your tax advisor.
  • Fixed rates, so monthly payments remain the same for a specific period of time
  • Competitive interest rates (often lower than credit cards and other consumer loans).
  • Interest payments may be tax deductible.*
  • Ability to consolidate several bills into one single payment.
  • Friendly, knowledgeable loan officers.
  • Internet and automated telephone access to loan information.
  • Program participants receive the “ministry dividend.” Investments at LCEF earn a competitive interest rate, and these invested dollars also help further the Lord’s work. Your true investment is in helping others—just as they are helping you.
RCW Home Equity Loan Forms
RCW Home Equity Loan Brochures

Credit Report Authorization and Release

Rostered Church Worker Home Equity Loan Application

Search our literature rack for additional forms.

Rostered Church Worker Home Equity Loan Program Brochure

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.