If your church needs low-interest financing for acquiring property, new construction, expansion, major renovation, or refinancing existing debt, consider a Development Fund Loan. Minimum loan amount is $50,000.
Since 2006, the Development Fund Loan Program has met churches’ need for easier, low-interest loans without upfront costs or prepayment penalties. Funds for your loan are provided by individuals, churches, and organizations who invest in the UMF Development Fund, embodying the spirit of Methodists helping Methodists.
Loans starting at $50,000 are available to United Methodist Churches and related organizations across North and South Carolina. When the Foundation services your loan, we are more than a lender. We’re your ministry partner.
This rate is evaluated quarterly and may be adjusted based on market conditions. Our goal has been, and continues to be, to offer a favorable-rate loan that is below that of a commercial lender.
Our UMF Building and Loan Manual can be accessed here and our Development Fund Loan Application can be accessed here. Contact the Foundation office and we will guide you through the process. Development Fund loan applications are received and evaluated on a rolling basis by our Development Fund Loan Team after a thorough review of your application.
