Loan Progam


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	U.M. Foundation Loan Program ARE YOU CONSIDERING A CHURCH LOAN? Six Reasons Why We Can Help You 1. New, lower rates 2. New categories of loans (“Residential” and “Commercial”) with several rate options and loan terms up to twenty years 3. Lower fees and closing costs – over $3,750 savings on average! (compared with commercial banks) 4. No title insurance or plot plans required 5. Knowledgeable loan staff who understand the financial needs of churches and who are committed to assist church committees in finding appropriate solutions 6. Practical tools to assist churches in evaluating their loan options (click here for the Church Loan Evaluation Worksheet). Current Loan Rates Purpose: To provide loans to qualified local churches or United Methodist-related Agencies of the New England Annual Conference (NEAC), where such loans are normally for the purchase, construction and/or repair of properties within NEAC boundaries. Lending by the loan committee shall be governed by Article II of the United Methodist Foundation of New England's Articles of Agreement: "To provide for the prudent administration and management of funds entrusted to the corporation by local churches...". Policies: Providing loans to qualified local churches or United Methodist related agencies of the NEAC, where such loans are normally for the purchase, construction and/or repair of properties within NEAC boundaries (See Church Loan Evaluation Worksheet). Under current loan guidelines, which may be amended by the Investment Committee, loans may be made up to 10% of Fund assets under management when secured by real estate or other assets, with an additional 5% available for loans secured by liquid financial assets held by the Foundation. All loan applications shall be submitted on the UMFNE application form. To obtain a loan application form, print one from the access below or call UMFNE at 800-595-4347 X100. Mr. Daniel Hussey is our Loan Officer. The total for all outstanding loans is over $4.5 million.
10 Bricketts Mill Road w Suite 5 w PO Box 370 w Hampstead NH 03841-0370 Phone: (603) 329-4444 w (800) 595-4347 w Fax: (866) 231-5921 Email: info@umfne.org Questions, comments or suggestions about this website, email chrism@umfne.org