Financing a loan to purchase property, construct a new facility or renovate your existing facility is a major undertaking. LCEF understands your congregation’s desire to serve people in God’s name while being fiscally responsible. That’s why we offer Congregation Loans for churches within the LCMS.
LCEF will guide you through every step of your church financing process with care and professionalism. For additional information, please read Helping Hands in the Lending Process (PDF).
LCEF offers a number of Congregation Loans to help your congregation reach its financial goals. LCEF can also help with the financing of your congregation’s school with a School Association Loan.
Secured Congregation Loans can be used for equipment and organ purchases, property purchases, repairs, replacement of HVAC systems and other capital improvements. They can also be used to refinance existing loans.
Your LCEF Construction Loan can help cover the costs of constructing new buildings or renovating existing ones. LCEF’s Construction Loans have just one closing, saving your congregation time and money.
Construction Bridge Loans provide short-term financing to fill the gap between construction completion and collection of building fund dollars. LCEF’s Bridge Loans have just one closing, saving your congregation time and money.
This type of loan helps with short-term capital needs, seasonal cash flow or anticipated cash flow fluctuations.
LCEF’s Jump Start Loans provide seed dollars to support new or expanding ministry efforts. For example, this loan might cover the payment of a new staff member for Evangelism Outreach or a Director of Youth Ministry.
Soft Cost Loans provide working capital for pre-construction related costs such as architecture/design fees, engineering fees, market studies, capital campaign expenses and special assessments.
A Specialized Ministry Loan provides funds to outreach ministries providing specialized opportunities and sharing the Gospel in cross-cultural, low-income communities.
A New Start Loan provides funds for new start congregations. Ministries that qualify for a new start loan are first-time worship facilities. New branches or satellite ministries stemming from existing ministries may also qualify for this loan.
Parsonage/Housing Loans are written to congregations on behalf of a rostered church worker (RCW). These loans are available in states where LCEF is not licensed to provide residential loans directly to RCWs.
LCEF’s Unsecured Loans are written in an aggregate of up to $100,000.
APR = Annual Percentage Rate. The Annual Percentage Rate is a uniform measurement of the cost of a loan, including interest and financed costs of closing, expressed as a yearly percentage rate.
See all loan rates.
LCEF’s Organization Education Loan program addresses rising higher education costs and student loan debt, some of the most troublesome obligations faced by many LCMS ministers. Crushing debt may cause ministers to concentrate more on their financial needs and less on their call to serve their communities.
LCEF’s Organization Education Loans are provided to sponsoring LCMS organizations who act as eligible borrowers to support active ordained or commissioned LCMS ministers, typically in the first 10 years after graduation.
LCEF provides loans to new and existing congregations to buy land, build and remodel ministry facilities. Loans are offered at very reasonable rates, often lower than commercial loan rates offered by banks. LCEF also offers planning and development services through ministry support such as VisionPath, demographic analysis, architectural advice, Capital Funding Services and Laborers For Christ.
Yes—with only one closing! At closing, the borrower signs a Promissory Note, which addresses the construction phase and the permanent terms of the loan.
Call your LCEF District Vice President or call the Lutheran Church Extension Fund at 800-843-5233, 7 a.m. to 5 p.m. (CT), Monday through Friday. They will answer your questions and provide guidance.
It depends on many factors. Some projects require more planning than others. Sometimes, architecture or real estate professionals must be consulted. Local regulations and ordinances may have to be met. However, we can assure you that with the help of your District Vice President and the LCEF Loan Specialists, your loan will be processed as quickly as possible.
Escrow disbursing is a service provided by LCEF to the borrower to assist in a construction project. An LCEF Loan Specialist collects documentation to establish an account for the purpose of tracking and disbursing the construction loan dollars and the building fund dollars throughout the building project. In accordance with state statutes, the Loan Specialist collects the necessary documentation from the various contractors in order to assure a lien-free and complete project.
Loan payments can be made one of three ways:
Borrowers will pay a one-time origination or processing fee of up to $75 per loan, which will be included in the total loan amount.
A pre-qualification decision will be made on the application within one week. A typical loan will be funded within three to four weeks.
Our Education Loan Repayment Program provides a refinance opportunity for both private and federal student loans. It is important to note that unlike federal/government student loan programs, once federal student loans are consolidated through the LCEF Education Loan Repayment Program, they are no longer eligible for certain repayment options that are made available only for federally backed student loans, including:
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As a consultant for Capital Funding Services (CFS), Randy enjoys assisting the Lord’s people in experiencing the joys of generosity. He is a firm believer in the Scriptural truth that “whoever sows bountifully will also reap bountifully” (2 Corinthians 9:6). He says, “Stewardship is simply reflecting the image of our generous God, who has blessed us in Christ with every spiritual blessing.” His leadership has encouraged his congregation to provide generous support for ministries locally, regionally, nationally and internationally.
Randy has been a parish pastor for 35 years. For the past 28 years, he has been serving First Immanuel Lutheran Church, Cedarburg, Wisconsin. Leading a large congregation has enabled him to experience six capital campaigns, allowing him to provide great insights to pastors in capital campaigns and stewardship.
Randy has served Concordia University Wisconsin as an adjunct professor of theology for 26 years. In 2010, the university awarded him the honor of “Distinguished Alumnus.” He has also served 12 years on the South Wisconsin District Board of Directors, including six years as Board Chair and First Vice President of the district. He conducts seminars on generosity and provides encounters for parish pastors to discuss cultural issues and the church’s impact.
Randy resides in Cedarburg, Wisconsin, with his wife, Diana, who is the South Wisconsin District’s Lutheran Church Extension Fund’s District Vice President. They have two married daughters and three granddaughters. Randy’s mission statement is to serve God by serving others.