UMF Loan Program
Overview
The Loan Program was created to provide competitively low variable rate loans to United Methodist congregations, institutions and other related United Methodist organizations in North and South Carolina. These loans are available for acquiring new property, the building of new churches or United Methodist institutions, expanding or renovating existing facilities or for refinancing at lower rates all for the purpose of growing ministry across the Carolinas. Funding for our Loan Program comes from the Development Fund which is open to individual investors as well as United Methodist churches and institutions across North and South Carolina.
Loan Process
Potential borrowers can obtain a copy of the Building and Loan Manual, (see links below) which outlines the steps the church or institution need to take in compliance with the United Methodist Book of Discipline. The Foundation will administer the loan origination, negotiation and compliance through our Loan Committee.
4% (Effective as of July 1, 2010) Interest Rates for the UMF Loan Program |
Loan Program Related Links
- Building and Loan Manual
- Loan Guideline and Procedures
- Loan Application
- Loan Committee
- Development Fund
