The following is a summary of certain guidelines established by CIF for use in considering loan requests. The list below is not all-inclusive. Final determination of loan qualification is at the discretion of CIF’s loan committee.

• The congregation should have been in existence at least 3 years and be in good standing with the Evangelical Free Church of America.
• The congregation should generally have a history of stable or increasing attendance and income over the past three years.
• The total debt service plus any rental payments should not exceed 30% of the congregation’s qualifying income.
• The congregation should be current on all its existing obligations.
• The total of liens and assessments should generally not exceed 80% of the property value or loans of $300,000 or less, and 75% of the property value for loans over $300,000.
• Loans over $300,000 require an appraisal prepared by a Certified Real Estate Appraiser.

Information contained on this web site is only intended to be a summary of the terms available.  Actual terms will be established by the loan documents.