Service Realty has permission to link to the Baptist General Convention of Texas web site which allows any church to answer questions on the facility needs in a building with the software program calculating the size of the building required and the costs for such construction.  Caution should be used as some costs could be affected with building code restrictions by regions in the country. Regulations for earthquake protection or extraordinary site development costs will influence the ultimate costs

 

The loan limits shown uses a high interest rate, a 25% limit of the monthly payment to debt, and 30% down payment to assist a borrower by defining conservative debt limit payments with a high down payment requirements to assist a church in structuring workable relocation plans.Too often churches are led to believe that financing a church property is similar to buying a house. Although Service Realty has been involved with 100% loans, those arise for strong churches with substantial equity. Commercial loan are available for churches but a church must illustrate ability to  pay and stability to procure good terms

 

Do you need a Church Loan
If you want Service Realty to refer you to church lenders please click here to contact us and request lender contacts in your city.

 

Before looking for property, it is essential for both your church and for Service Realty to clearly understand any financial limitations whether self imposed or lender imposed. This form will help in the decision process.