Need LCEF forms, literature, or general information?
Print this page.
Loan Rates

LCEF Offers Competitve Interest Rates for Low-Cost Loans

Below is a current list of interest rates offered by LCEF—the loan source for LCMS and helping to support the LCMS ministry.

Loan Rates for
Cost of Funds 4.375%
New Mission Starts (First 5 years) (New Loans Approved Effective 02/01/2008) 5.125%
Congregational Loans (New Loans Approved Effective 02/01/2008)
Monthly, Quarterly, or Annually adjustable
 5.500%
5 Year fixed rate balloon, 2% prepayment penalty
(subject to availability of funds)
 6.000%
10 Year fixed rate balloon, 2% prepayment penalty
(subject to availability of funds)
 6.750%
Specialized Ministries 4.375%
RCW Home Equity Loans
A list of approved and non-approved states are available here.
Loan Term up to 5 Years, Fixed Rate
 5.875% - 6.375%
Loan Term 6-10 Years, Fixed Rate
 6.875% - 7.375%
Loan Term 11-15 Years, Fixed Rate
 7.875% - 8.375%
RCW Residential Loans
A list of approved and non-approved states are available here.
10% down payment
1 Year ARM Rate
 5.250% - 5.750%
5 Year ARM Rate
 5.500% - 6.000%
5% down payment
1 Year ARM Rate
 5.500% - 6.000%
5 Year ARM Rate
 5.750% - 6.250%
RCW Consolidation Loans
A list of approved and non-approved states are available here.
1 Year to 7 Year Terms, Adjusted Annually
 7.375% - 9.375%
Loan Forms
Loan Brochures

Additional Forms

Additional Brochures
Back To Top
Have a question?
Contact your local LCEF District Vice President, fill out our Contact Us Form,
or call the Lutheran Church Extension Fund at 1-800-843-5233, 7:45 a.m. - 4:15 p.m., CT, Monday through Friday.
Page last updated April 1, 2008