Loan Application

WIF Church Loan Application
Mortgage Loan Process Information

This application may take 10-20 minutes to complete if you have all the required information on hand. If you need to save and come back after partially filling out the form, use the "Save and Continue Later" button to create a temporary profile that will allow you to pick back up later where you left off. You'll need to retain that login information. NOTE REGARDING SAVING: If you did not receive an email with a link to the form in progress after creating your profile, this likely means your profile was created but your progress has not yet been saved. Do not close your browser. Instead, click "Save and Continue Later" again. You may be asked to enter your temporary login credentials, and at this point you should receive an email with the subject line "Continue filling out this form later: Loan Application", which links you to your form progress.
Required Data
- Financial Statements (Balance Sheet, Income Statement) for the last three (3) years, year to date, and prior year to date. CPA-prepared statements are preferred, if available.
- Current Year Church Budget (showing income/expenses).
- Signed Purchase Agreement if property is being purchased and/or Detailed Project or Construction Budget if property is being built or renovated.
- Prior property appraisal, if one exists.
General Guidelines
- Loan Terms up to twenty (20) years, with longer payment amortization if needed.
- Maximum Loan amount should not exceed three (3) times annual tithes and offerings and should not exceed 75% of the project cost or purchase price in most cases.
Pricing & Fees
- Loan Interest Rates are typically fixed for three (3) years and adjusted every three (3) years thereafter to WIF prevailing Interest Rate at that time.
- Interest Rates are subject to change up until Loan Closing, unless noted otherwise.
- Loan Servicing Fee of 1⁄2% to 1%, with $500 minimum.
Common Loan questions? Check out our Loan FAQ's here.
I Acknowledge that I have read the above Loan Process Information

Church Information
Church Name
Reply to Email
Church Federal EIN or Tax ID
Church Email
example@example.com
Church Phone
Please enter a valid phone number.Format: (000) 000-0000.
Church Website
Mailing Address
Street Address or PO Box
City
State or Province
ZIP or Postal Code
Country
Church Mailing Address Calculation
Church Mailing Address Hidden
State Abbreviation
How did you hear about WIF?
Name of Coach, Mentor, or Overseer
Conference or Event
Denomination or Association
Name of Podcast / Social Media
Describe Other Referral Source
Have you already spoken with someone at WIF about this request?
Name of WIF Representative
Name of WIF Representative

Contact Information
Primary Loan Contact Name

First NameLast Name
Primary Loan Contact - First Name
Primary Loan Contact - Last Name
Primary Loan Contact Name - Hidden
Email for Primary Loan Contact
example@example.com
Phone Number for Primary Loan Contact
Please enter a valid phone number.Format: (000) 000-0000.
What's your primary role at the church?
Other Role:
Lead Pastor Name

First NameLast Name
Lead Pastor - First Name
Lead Pastor - Last Name
Email for Lead Pastor
example@example.com
Phone Number for Lead Pastor
Please enter a valid phone number.Format: (000) 000-0000.
Pastor - Years With This Church
Would you like to add an additional authorized contact for this loan application?
Authorized Contact 1 - Name

First NameLast Name
Authorized Contact 1 - First Name
Authorized Contact 1 - Last Name
Authorized Contact 1 - Email
example@example.com
Authorized Contact 1 - Phone
Please enter a valid phone number.Format: (000) 000-0000.
Add another authorized church loan contact?
Authorized Contact 2 - Name

First NameLast Name
Authorized Contact 2 - First Name
Authorized Contact 2 - Last Name
Authorized Contact 2 - Email
example@example.com
Authorized Contact 2 - Phone
Please enter a valid phone number.Format: (000) 000-0000.

Tell Us About Your Church
Year Church Was Organized
Is the church incorporated?
Attendance

Average Weekly In-Person Worship Attendance - Including Adults and Children
Attendance - Now
Attendance - Now'
Attendance - Now helper
Attendance - Prior Year
Attendance - Prior Year'
Attendance - Prior Year helper
Attendance - 5 Years Ago
Attendance - 5 Years Ago'
Attendance - 5 Years Ago Helper

Loan Request
Loan Amount Requested
Loan Amount Requested'
Loan Amount Requested - Helper
Loan Term Requested
Reason For Loan (check all that apply)
General Summary of Loan Request
Purchase of an existing facility
Is this purchase for the church's first permanent location?
Use Stored Address:
Address of Facility to be Purchased
Purchase Address - Hidden
Purchase Address - Hidden Text
Address of Facility to be Purchased
Church Address of Facility to be Purchased
Estimated Purchase Date

MonthDayYear
Date
Purchase Price
Purchase Price'
Purchase Price Helper
Appraised/Estimated Value
Approximate Square Footage of Facility Being Purchased
Total Acreage
Cost of Renovations Needed
Cost of Renovations Needed'
Cost of Renovations Needed Helper
Current Seating Capacity
Proposed Seating Capacity
Describe proposed use of buildings and grounds
New Construction / Remodeling
Use Stored Address
Use Stored Address
Construction Address
Construction Address - Hidden
Construction Address - Hidden Text
Construction Address
Church Construction Address
Type (sanctuary, education, etc.)
Proposed Seating Capacity Post Construction
Approximate Square Footage of Facility to be Constructed/Renovated
Estimated Cost of Construction Project
Estimated Cost of Construction Project Helper
Work Has
Estimated Start Date

MonthDayYear
Date
Estimated Length of Construction
Land Purchase
Purchase Price for Land
Purchase Price for Land'
Purchase Price for Land Helper
Appraised/Estimated Value of Land
Expected Purchase Date

MonthDayYear
Date
Acres of Land to be Purchased
Proposed Use
Street Address or Nearest Intersection of the Land's Location
Other Loan Purpose
Describe the proposed use of funds

Current Church Property
Does the church currently own a church building?
Use Stored Address
Use Stored Address
Current Church Property Address
Current Property Address - Hidden
Current Property Address - Hidden Text
Current Property Address
Church Current Property Address
Year Built
Year Last Remodeled
Seating Capacity
Acreage Owned
Current Square Footage
Please provide a summary of the general condition of building and state repairs needed
Parking Lot Size / Number of Spaces
Who holds title to current church property?
Appraised/Estimated Value of All Church Property, Land, & Buildings
Source of Value
Does the church currently own other land or buildings?
List building use or description
Please list address(es) for additional building(s)
Give general condition of building(s) and state repairs needed

Building Fund / Capital Campaign Details
Is there a current or planned campaign associated with this project?
Link to Sermon or Video Regarding Campaign with Additional Details About the Project (if available)
When is the campaign expected to be launched?

MonthDayYear
Date
How long is the campaign?
Total Amount Pledged
Pledge Dollars Expected to be Collected
Pledge Dollars Expected to be Collected'
Pledge Dollars Expected to be Collected Helper
Current Cash Collections from Pledges To-Date
Current Cash Collections from Pledges To-Date'
Current Cash Collections from Pledges To-Date Helper
Cash Collections Expected Between Now and End of Project
Cash Collections Expected Between Now and End of Project'
Cash Collections Expected Between Now and End of Project Helper
Cash Collections Expected Post Project
Sources and Uses
Uses of Funds

First, let's start with what you plan to use the funds for.
Purchase of Land/Buildings/Property
Purchase of Land/Buildings/Property'
Prior answer(s) for purchase price
Purchase of Land/Buildings/Property Helper
Estimated Cost of Construction
Estimated Cost of Construction'
Prior answer(s) for estimated construction costs
Estimated Cost of Construction Project Helper
Architect Fees/Zoning Permits/Etc
Cost of Landscaping/Paving/Land Improvements
Cost of All Audio-Visual/Furnishings/Equipment
Other Construction Project Costs (interest carrying costs, contingency, etc)
Total Cost of Building and Improvements
Amount Needed to Retire Outstanding Debt
Amount Needed to Retire Outstanding Debt'
Prior answer(s) for refinance total
Amount Needed to Retire Outstanding Debt Helper
Amount Needed for Other Purposes
Uses of Funds - Total
Sources of Funds

Now, let's determine where the sources of funds come from.
Cash on Hand For Project
Cash on Hand for Project'
Prior answer for building project cash available
Cash on Hand for Project Helper
Cash Collections Expected Between Now & End of Project
Cash Collections Expected Between Now & End of Project'
Prior answer for cash to be raised during project
Cash Collections Expected Between Now & End of Project Helper
Cash Expected from Other Sources (sale of property, grants, etc)
Payments Already Made for Architect and Other Soft Costs
Payments Already Made to Contractor(s)
Loan Amount Needed
Loan Amount Needed'
Prior answer for loan amount requested
Loan Amount Needed Helper
Sources of Funds - Total
Important Note: Sources of Funds and Uses of Funds should be equal. If they are not, you can provide explanation below. Reason for difference in total Sources of Funds and Uses of Funds:

Affiliations
Primary Denomination or Association
Other Denomination or Association
ARC Affiliation
Wesleyan District
Nazarene District
Converge Region
CCCU District
Evangelical District
Has the project been discussed with Conference or District leadership?
Will the Conference or District guarantee this loan?
Please provide details regarding financial support from partnerships or affiliations, if any
Secondary Affiliation, if applicable

Have you already submitted your financial statements?
Upload Financial Statements, if not already sent. This should include detailed Income Statement and Balance Sheet for each of the last three (3) fiscal year ends, year to date, and prior year to date.

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File Upload - Current Year Church Budget - Showing Income and Expenses

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Upload Project Information if Available - Purchase Agreement or LOI, Construction Budget Estimate, Renderings or Drawings, Other Preliminary Due Diligence

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Form Submission and Acknowledgement
I have completed the above Application for the purpose of obtaining a Loan from Wesleyan Investment Foundation (WIF). WIF may rely on the accuracy of the above information contained herein when deciding whether or not to approve this Loan. I declare the information contained in this application to be true and accurate to the best of my knowledge and understanding. I have withheld no information relative to the property offered as security which would adversely affect its value.
Signature
Date

YearMonthDay
Date
Signer Name

First NameLast Name
Signer Name - Hidden
Job Title
Other Role
Should be Empty:

WIF Church Loan Application

Church Information

Mailing Address

Contact Information

Tell Us About Your Church

Attendance

Loan Request

Purchase of an existing facility

New Construction / Remodeling

Land Purchase

Other Loan Purpose

Current Church Property

Financial Information

Current Debt - Loan 1

Current Debt - Loan 2

Current Debt - Loan 3

Current Debt - Loan 4

Current Debt - Loan 5

Current Debt - Loan 6

Building Fund / Capital Campaign Details

Sources and Uses

Uses of Funds

Sources of Funds

Affiliations

Form Submission and Acknowledgement