Commercial
Church/Religious Facility Loan
Secure the financial foundation for your ministry or religious organization with a Church/Religious Facility Loan from CMRE. We offer tailored financing solutions designed to help you acquire, renovate, or refinance your place of worship, allowing you to focus on serving your community. With competitive rates starting at 8.5% and flexible terms, CMRE is your trusted partner in achieving your organization's goals.
Program Benefits
Competitive interest rates starting at 8.5% to minimize borrowing costs.
Loan amounts tailored to meet the specific needs of your church or religious facility.
Flexible repayment terms to align with your organization's financial capabilities.
Expert guidance throughout the loan process from experienced commercial lending professionals.
Financing available for acquisition, renovation, construction, and refinance projects.
Opportunity to expand your ministry and community outreach with improved facilities.
Program Highlights
Max LTV
75%
Min Credit Score
640
Max DTI
N/A (Evaluated on a case-by-case basis)
Loan Amount Range
$100,000 - $5,000,000+
Amortization Options
Eligible Properties
- Churches
- Synagogues
- Mosques
- Temples
- Religious Schools
- Parish Halls
- Retreat Centers
Program Requirements
Income Documentation
- •Demonstrated history of consistent tithes, offerings, and other revenue streams.
- •Financial statements, including income statements and balance sheets, for the past 2-3 years.
- •Detailed budget projections demonstrating the ability to repay the loan.
- •Documentation of any grants, donations, or fundraising activities.
Asset Verification
- •Appraisal of the property being financed or used as collateral.
- •Clear title to the property being financed or used as collateral.
- •Documentation of any other assets held by the religious organization, such as investments or real estate.
- •Proof of reserves to cover unexpected expenses or fluctuations in income.
Insurance & Title
- •Property insurance coverage sufficient to protect the building against damage or loss.
- •Liability insurance coverage to protect against potential lawsuits or claims.
- •Workers' compensation insurance coverage, if applicable, for employees.
- •Flood insurance coverage, if required, based on the property's location.
Property Requirements
- •Minimum FICO score of 640 for key individuals within the organization.
- •Review of the organization's credit history and any outstanding debts.
- •Background checks and financial reviews of key leaders within the organization.
- •Demonstrated history of responsible financial management and debt repayment.
Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Frequently Asked Questions
These loans can be used for a wide range of purposes, including purchasing a new building, renovating existing facilities, refinancing debt, constructing new additions, or acquiring equipment and technology.
Interest rates vary depending on factors such as the loan amount, creditworthiness of the organization, and current market conditions. CMRE offers competitive rates starting at 8.5%. Contact us for a personalized quote.
The maximum loan amount depends on the value of the property, the organization's financial strength, and the lender's guidelines. CMRE offers loan amounts tailored to the specific needs of your church or religious facility.
While credit scores are considered, other factors such as the organization's financial history and revenue streams are also important. CMRE typically requires a minimum FICO score of 640.
Sam K.
Senior Loan Strategist
With over 15 years in the mortgage industry, Sam specializes in complex jumbo and non-qm financing solutions, helping clients navigate unique financial landscapes.
NMLS #12345 | Certified Mortgage Advisor (CMA)
TESTIMONIALS
Success stories from families and investors across the nation who achieved their goals with CMRE.
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