View Investment Rates

Church Mortgage Program

If your congregation needs a church mortgage, it may be eligible for special rates and terms with FaithLife Financial.

Benefits:

  • No fees or commissions.
  • Initial interest rate is set below our commercial mortgage rate.
  • Interest rates are reviewed annually with possibility of improved rate.
  • Mortgage is open after first year allowing additional payments without penalty.

Eligibility and guidelines:

  • Must be an established congregation affiliated with the Evangelical Fellowship of Canada or the Canadian Council of Churches.
  • First mortgages only.
  • Minimum mortgage: $100,000.
  • Loan must not exceed 50% of current value of real estate covered by the mortgage.
  • Loan repayment must not exceed 25% of congregation's total budget.
  • Appraisal and legal costs are incurred by church.

For more information call 1-800-563-6237 and ask for the Mortgage team contact or e-mail mortgages@faithlifefinancial.ca