Michigan Area Loan Fund News
New Lower Interest Rates
The Michigan Area Loan Fund of the UMC announces new lower rates for church loans. Effective immediately your church can borrow up to $1,500,000.00 with mortgage rates of only 5.24% and up to $100,000.00 in promissory notes at only 5.75%. Loans can be used to finance the capital expansion and development of UM churches in the Michigan Area. This includes church construction, renovation and repair as well as the purchase of real property or related furnishings and equipment.
In each case, we believe you will find our application process uncomplicated and with manifestly lower costs than bank loans. Loans are administered through the United Methodist Foundation of Michigan.
The United Methodist Foundation, established in 1926, serves churches, institutions and individuals of the United Methodist Church throughout Michigan. Staffed by professionals and volunteers, we are your servants on matters of personal and church finance.
11 Fuller SE, PO Box 6247, Grand Rapids, MI 49516
Phone: 616-459-4503, Toll Free: 888-217-1905