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    LCEF for the Northern Illinois District
Home > Need Help
 
Need Help (Loans)

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About Us 

Does your LCMS congregation or organization need additional funds to achieve ministry objectives and mission plans? Does it desire to support the mission and ministry of other LCMS organizations? Achieve both objectives with a LCEF mortgage loan. Your organization receives the funds it needs, and at the same time ensures funds are available for the next organization.

Are you a LCMS Rostered Church Worker looking for a way to be financially responsible while also helping to support the financial needs of LCMS organizations? Lutheran Church Extension Fund can help.

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Lord of Life, Lafox IL.
 
Organizational Mortgage Loans
  • Competitive interest rates.
  • Loan fee of 1% of new money up to a maximum of $7,500 on secured loans.
  • Unsecured loans up to $100,000 for a term of up to 15 years.
  • Jump Start loans provide seed money to support a new ministry program or to expand an existing ministry program.
  • Secured loans for capital improvements and refinances, usually for a 20-year term.
  • Soft Cost loans provide capital for preconstruction-related costs.
  •  Lines of Credit approved for up to 15% of an organization's previous year's unrestricted income.
  •  More information (link to the About Us page for our contact info)

Get the Loan application (Excel Worksheet)

 

Rostered Church Worker Loans

All Rostered Church Worker loans are available to qualifying LCMS ordained and commissioned ministers.

  • RCW Residential Loans
  • Competitive interest rates
  • Lower down payment obligations
  • No private mortgage insurance (PMI) required
  • Available to qualified applicants in approved states such as Illinois.

Use the equity in your home as collateral for a loan.

RCW Home Equity Loans
 
  • Fixed rates, fixed payments
  • Competitive interest rates
  • Consolidate several bills into one payment

Need financial management assistance for personal finances?

RCW Debt Consolidation Loans

  • Ability to consolidate outstanding unsecured loans such as credit cards, medical fees, or taxes.
  • Competitive interest rates
  • Friendly, knowledgeable loan officers.
  • Internet and automated telephone access to loan information.
LCEF is a nonprofit religious organization; therefore, LCEF investments are not FDIC-insured bank deposit accounts. This is not an offer to sell investments, nor a solicitation to buy. The offer is made solely by LCEF�s Offering Circular. Investors should carefully read the Offering Circular, which more fully describes associated risks.