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.
• Low down payment obligations.
• No private mortgage insurance (PMI) required.
• Friendly, knowledgeable loan officers.
• Internet and automated telephone access to loan information.

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.