If your congregation or ministry is looking to refinance an existing loan, this may be the time to proceed. The Mission Investment Fund (MIF), the ELCA’s lending ministry, is offering a 3.875% APY (annual percentage yield) rate, available through October 31, 2017, on a five-year adjustable-rate mortgage.
In addition to refinancing existing debt, MIF loans are available for a variety of capital projects—from new construction to additions and renovations, as well as land and building purchases. Adjustable- and Fixed-Rate loan options are available.
For information on MIF ministry loans and investment opportunities: