Lutheran Church Extension Fund
Lutheran Church Extension Fund
Loans
Rostered Church Workers
Residential Loans

Loan Rates

New Mission Starts4.125%
Congregational4.500%
Specialized Ministries2.500%
RCW Mortgage APR3.590%
 

Investment Rates

StewardAccount®0.375% - 1.000%
Family Emergency1.125%
5-Year Term Note1.625%

LCEF offers the benefit of low down payments and no private mortgage insurance requirements for rostered church workers.

Residential Loans for Rostered Church Workers

LCEF rates are competitive—thanks to dedicated investors and donors to LCEF—helping minimize the financial burden church workers must bear. We can help you finance or refinance your home, reduce your debt burden or provide a loan for major purchases, using the equity in your home.

LCEF offers residential loans in 16 states. Before submitting your application, please view the list of states in which LCEF is able to provide residential RCW loans.

Features:

  • Competitive interest rates.
  • As low as 5% minimum down payment obligations.
  • No private mortgage insurance (PMI) required.
  • Friendly, knowledgeable loan officers.
  • Internet and automated telephone access to loan information.
  • Read the Frequently Asked Questions for more information on all available loan programs.

SPECIAL: For a limited time, LCEF is offering a 30-year fixed-rate mortgage. This Well-Qualified Buyer loan program is available for the purchase of a home by meeting specific underwriting guidelines and having a minimum 20% down payment.

Program participants receive and give the "ministry dividend." We ask that you also invest with LCEF (in which you earn a competitive interest rate), and these invested dollars further help us help other church workers in the future. Your true investment is in helping others—just as others have helped you.

Before downloading an application, you must read these important items:

  • The Federal Reserve Board's Consumer Handbook on Adjustable-Rate Mortgages booklet—provides overview of adjustable-rate mortgages (ARMs), explains how they work and discusses issues you may face as a borrower.
  • The U.S. Department of Housing and Urban Development (HUD) Settlement Cost Booklet—includes important information to consider before buying a house, taking out a home equity loan or refinancing your home loan. Includes glossary of terms.

If you have questions, you may contact us or see the frequently asked questions.

Joyfully Lift Up Stewardship Efforts

Your congregation’s stewardship efforts should give clear witness to the Christian faith. Bring more joy to their giving with a concentrated, Lutheran stewardship campaign for a specific goal or stewardship education that can be conducted at any time with adults and children. LCEF's consultants and materials are tailored to your ministry.

Investments Mean More with LCEF

Shopping around for rates? Consider the “ministry dividend” earned with an LCEF investment. Your investment helps Lutheran organizations and church workers borrow at reasonable rates, which can help create ministry and education opportunities. That’s a return that lasts for generations.

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. LCEF will offer and sell its securities only in states where authorized. The offer is made solely by LCEF's Offering Circular. Investors should carefully read the Offering Circular, which more fully describes associated risks.
©2011 Lutheran Church Extension Fund. All rights reserved.