New temple
Finance the construction of a new temple or meeting center.
Build | Expand | Renovate
Church Construction Loans
Financing to build, expand, or renovate your congregation's temple and facilities.
Apply →Financing for organizations
Ways we can help you
An advisor will work with you to define the right financing for your congregation's project.
Expansion
Add classrooms, halls, and spaces to serve a growing congregation.
Renovation and improvements
Update and improve your existing facilities.
Staged financing
In construction projects, funds are usually disbursed in stages as the work progresses.
The application process
These are the general steps. An advisor will guide you through each one.
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01
Submit your application
Complete the application online or schedule a conversation with an advisor.
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02
Guidance and pre-qualification
An advisor will review your project and guide you through the available options.
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03
Document review
You'll gather and submit any additional documentation requested.
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04
Proposal
We'll present you with a financing proposal with terms for your organization.
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05
Evaluation and processing
We'll verify the information and evaluate the application.
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06
Documentation and disbursement
You'll sign the loan documentation and the funds will be disbursed.
Key financing terms
- Amortization
- The payment schedule by which the loan balance decreases over time.
- Balloon payment
- A larger final payment due at the end of the term, when the loan isn't fully amortized.
- Rate review
- An adjustment to the interest rate at an agreed point during the life of the loan.
- Fixed rate
- An interest rate that doesn't change during the agreed period.
- Down payment
- The portion of the project or property cost contributed by your organization.
Not all applications will be approved. Approval is subject to credit evaluation, income, property appraisal, and other requirements. Rates, terms, and conditions are subject to change without notice.
Start your application
Complete the form below and an advisor will get in touch with you.
Frequently asked questions about Church Construction Loans
What projects can I finance?
The construction of a new temple, and expansions and renovations to your congregation's facilities.
How are the funds disbursed?
In construction projects, funds are usually disbursed in stages as the work progresses. An advisor will explain the process to you.
What information do I need?
You'll typically need the project description or plans, the budget, contractor information, and the congregation's financial statements. An advisor will confirm the list.
What are the rates and terms?
They depend on the project and the evaluation of the application. An advisor will present you with the available options.
Do I need to be a member of Christian Credit Union to apply for financing?
An advisor will confirm your organization's membership requirements once we receive your application.