Michigan Area Loan Fund
We are a ministry partner with you by providing mortgage loans and promissory notes. We also offer a highly competitive investment opportunity in the loan fund for Michigan residents, churches, and ministry organizations. Participants help to expand the ministry of local congregations. Though loans are used for a variety of purposes, they all benefit the ministry of local churches and organizations throughout Michigan.
Borrowers
- Loans up to $1.5 million
- Larger loans possible with our partner organization
- Promissory notes up to $100,000 for 90 months
- 5 year mortgages with 10, 15, or 20 year amortization
- Current loan rates
- Mortgage 6.25% -15 years or less*
- Mortgage 7.00%- 15 – 20 years*
- Promissory note 8.00%
*Ballon feature at 60 months
The Fund is currently paying investors 2.5% interest
Effective 2.1.2024-3.0%
