Church financing market remains strong despite slowing economy
In the midst of the subprime real estate meltdown and a slowing economy, church financing remains strong according to recent research conducted by Lambert, Edwards and Associates. This continued strength in church financing is attributed to a stringent due diligence process, a $28 billion church financing market with less than a 1% default rate, churches' aversion to debt, as well as rising church attendance and average tithing despite a slower economy.
As specialists in church and nonprofit financing, with more than 50 years of experience, Strongtower Financial works side-by-side with mortgage brokers to offer customized financing options for your church and nonprofit clients.
We go the extra mile for churches when other lenders won't. Let our church lending expertise go to work for you and your clients.
Current Rates*
| Permanent Financing |
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| 30-year, fixed loans |
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| Interest Rates |
7.29-8.38% |
| APR |
8.036-9.178%
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| Construction Loans |
9.0-9.5% |
Interest only available during construction. Fees: 2 points.
Lower rates may be available through church bond financing.
Interest rate buy-down available.
Rolls to permanent loan. 3- to 5-year fixed, with 20- to 30-year amortization.
| Tax-Exempt Financing |
As Low as 5.0%
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| Adjustable Rate Financing |
6.32-6.82% |
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Floating rate notes and swaps available for churches and nonprofit organizations in need of at least $5 million in financing.
* Rates subject to change based on current market conditions. Client must meet certain financial requirements.
About Strongtower
Strongtower Financial is based in Fresno, Ca., with offices and clients across the nation. Founded in 1952, Strongtower is a leading financial services provider, with experienced investment advisors and lending professionals.
Our primary services include financing and investing, which span direct lending and bond offerings for churches and other faith-based organizations as well as investment advisory and wealth management for individuals and institutions. Also, we provide capital stewardship consulting as part of our commitment to serving growing churches.
For more information about how Strongtower can help you tap into the church financing market, call us at 1-800-333-9893, extension 111.
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