About American Church Mortgage Company

Advantages of Financing with American Church Mortgage Company

Fixed Interest Rate	Avoid variable interest rates which typify conventional financing.
Fully-Amortized	Payments retire both principal and interest over stated repayment period, building equity for your church by regular retirement of debt.
Permanent Financing	Eliminates costly interim construction financing or periodic re-financing.
Flexibility	Allows the Church to obtain additional financing in the future for expansion or remodeling without refinancing its first mortgage.
Avoid Balloon Payments	There is no need to set aside large amounts of money or seek replacement financing in upcoming years.
Prepayment Privilege	Bond financing may be paid off early. Modest prepayment charges may apply only in the first 2 years.
No Personal Guarantees	Avoid personal guarantees of officers and membership, which other lenders often require.
Avoid Restrictive Operating Covenants	Unlike banks, our financing program doesn’t require you to restrict future borrowing, maintain minimal cash deposits, or sustain financial performance “ratios” after your loan is funded.