Loans for Ministries
Change your church for the better.
The Mission Investment Fund and its predecessors have been financing church-related building projects and land purchases for nearly 100 years. Nearly 800 loans totaling more than $475 million are at work today in ELCA ministries throughout the United States, Puerto Rico and the Virgin Islands.
Here are five reasons why your congregation or other ELCA-related ministry should consider the Mission Investment Fund to finance your building project or land purchase:
- We specialize in church building projects. We focus on helping congregations plan and finance building projects and land purchases. This includes helping you create a mission-focused financing plan that meets the unique needs of your ministry. We can also refinance loans with other lenders.
- We can finance the construction phase of your project.
- Mission Investment Fund offers project expertise, free of charge. Our church building consultants provide counsel to congregations on building and renovation projects. The consultants and our Regional Managers can provide information about loans and investments. Their services are provided at no charge.
- Our loans are funded by the faithful stewardship of Lutheran ministries. The interest a ministry pays on its loan is reinvested in loans for other church building projects and land purchases throughout the ELCA.
- We offer competitive terms and rates. Unlike many commercial lending institutions, the Mission Investment Fund does not charge points or loan origination fees. And the fund has only one fee: a document preparation charge for long-term loans. Check our current interest rates.
Who qualifies for a Mission Investment Fund loan?
ELCA mission congregations, established ELCA congregations, synods, and ELCA-related ministries such as seminaries, colleges, universities, social ministry organizations and outdoor ministries, have all benefited from the low-interest loans offered by the Mission Investment Fund. All ELCA congregations and ELCA-related ministries that are investors in the Mission Investment Fund are eligible to apply for an MIF loan.
Call 877.886.3522 or e-mail us at mif@elca.org for more information.